Do Women Behave Financially Worse than Men? Evidence from Married and Cohabiting Couples
Ładowanie...
Data
2021
Inny tytuł
Typ
Artykuł recenzyjny
Autorzy
Redaktor
dc.contributor.advisor
Dyscyplina PBN
Ekonomia i finanse
Czasopismo lub seria
Central European Business Review
ISSN
1805-4854
1805-4862
1805-4862
ISBN
DOI
10.18267/j.cebr.270
Strona internetowa
Wydawca
Wydawca
Wydanie
Numer
Strony od-do
Tytuł monografii
item.page.defence
Tytuł tomu
Opis
Rodzaj licencji
Abstrakt (en)
Extensive empirical evidence shows that women perform worse in financial literacy tests,
which implies that their financial behaviour may also be worse compared to men. However,
the literature on the gender gap in financial behaviour is scanty and highly inconclusive.
Using data from a survey of married and cohabiting couples living in Poland (N=1,000) and
a multi-dimensional scale validated in terms of its psychometric properties, this article
compares the financial behaviour of women and men. The applied tests did not show any
significant gender differences in the overall financial behaviour index or in any of the
subdomains of the behaviour distinguished in the applied scale. Using the social identity
theory as a framework, we discuss possible explanations of these puzzling findings, which
may imply that women are unnecessarily considered a disadvantaged group in terms of
preparedness to participate in financial life, including the business sphere.
Implications for Central European audience: Assuming that the gender differences in
financial literacy and behaviour can be explained on the grounds of the social identity
theory, Central and Eastern Europe may differ from Western Europe in terms of the gender
gap. Socially-imposed gender roles were presumably shaped differently behind the Iron
Curtain, which resulted in that the distinction between masculine and feminine roles got
blurred under the Soviet regime. As a result, the absence of gender differences in financial
behaviour is more likely to occur in Central and Eastern European countries. Financial
education initiatives should take this circumstance into account.