Quotation Fuhrmann, Bettina and Silgoner, Maria. 2016. Closing the Gender Gap in Financial Literacy. ECER 2016 Leading Education: The Distinct Contributions of Educational Research and Researchers, Dublin, Irland, 23.08.-26.08.




Empirical studies consistently show that women know less about money matters and financial concepts than men. Hence, they are very often identified to be a financially “vulnerable” group that needs more attention in financial education than men. This paper empirically explores if this holds true for Austrian men and women. The analysis is based on a comprehensive survey among 2,000 respondents on financial knowledge, attitudes, behavior and decision making. The results reveal that in fact, Austrian men outperform women in terms of knowledge and this holds true even if we account for different socio-demographic characteristics and different answer behavior or if we focus on those subgroups where we would assume gender gaps to be smallest. However, we do not find such differences when it comes to attitudes towards money and behaviours in financially relevant situations. Women seem to be more cautious and prudent and less prone to spending money instead of saving it. They also have slightly more favorable results when it come to planning ahead and setting long term financial goals. A regression analysis reveals that while knowledge, attitudes and behaviours are relevant for explaining financial well-being, gender clearly is not.


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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title Closing the Gender Gap in Financial Literacy
Event ECER 2016 Leading Education: The Distinct Contributions of Educational Research and Researchers
Year 2016
Date 23.08.-26.08.
Country Ireland
Location Dublin


Fuhrmann, Bettina (Details)
Silgoner, Maria (Oesterreichische Nationalbank, Austria)
Institute for Business Education IN (Details)
Competence Center for Empirical Research Methods WE (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
5348 Business education (Details)
5405 Empirical social research (Details)
5807 Didactics (Details)
5816 Education science (Details)
5963 Evaluation research (Details)
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