Séminaire NANCY – Marie-Hélène Broihanne (EM Strasbourg, LaRGE)

Détails de l'événement :

“Testing the gender gap in subjective financial literacy of spouses”

Abstract: We examine the gender gap in subjective financial literacy of retail clients of a large European bank. Using a database of banking records and questionnaire answers of more than 80,000 retail clients, we find that the gender gap in subjective financial literacy is significantly higher for individuals living as a couple. To distinguish the respective impact of financial responsibility and subjective literacy between partners in households, we investigate the gender gap in 7,257 matched pairs of individuals for which we collected data for both spouses. As 70% of couples exhibit no gender gap in subjective financial literacy, we determine the couple characteristics that explain either a classical or an inverse subjective financial literacy gender gap. We show that the heterogeneity in the gender gap in subjective financial literacy of couples is related to the one of spouses financial management dominance styles.