Abstract
Using a phone survey conducted in 2012, we examined whether there is a gender difference in financial literacy among Hong Kong workers; and if such a difference exists, whether it can be explained by gender differences in sociodemographic variables, social or psychological factors, and/or the outcomes of retirement planning. Results show a gender gap in financial literacy as well as age, spousal support for retirement savings, risk tolerance, computational ability, and perceived financial knowledge. Multivariate data analyses show that a proportion of the gender difference in financial literacy could be explained by gender differences in risk tolerance, computational ability, and self-reported financial knowledge; but the difference remained after adjusting for variables found to be associated with gender. Our findings suggest that it may be important to develop programs targeted specifically to women.
| Original language | English |
|---|---|
| Pages (from-to) | 315-326 |
| Number of pages | 12 |
| Journal | Educational Gerontology |
| Volume | 41 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 3 Apr 2015 |
| Externally published | Yes |
Bibliographical note
Publisher Copyright:© 2015, Copyright Taylor & Francis Group, LLC.
Copyright:Copyright 2019 Elsevier B.V., All rights reserved.
Funding
This work was funded by the Research Grant Council, Research Grant Council Strategic Public Policy Research (HKIEd 7001-SPPR-11).
