Financial Literacy and Gender Differences: Women Choose People While Men Choose Things?

Sigurdur Gudjonsson, Inga Minelgaite (), Kari Kristinsson and Sigrún Pálsdóttir
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Sigurdur Gudjonsson: School of Business, University of Iceland, 102 Reykjavik, Iceland
Inga Minelgaite: School of Business, University of Iceland, 102 Reykjavik, Iceland
Kari Kristinsson: School of Business, University of Iceland, 102 Reykjavik, Iceland
Sigrún Pálsdóttir: School of Business, University of Iceland, 102 Reykjavik, Iceland

Administrative Sciences, 2022, vol. 12, issue 4, 1-9

Abstract: According to gender personality traits, women are more interested in people, whereas men are more interested in things. The goal of this research is to see if there is a gender gap in financial literacy and if these disparities can be explained by different areas of interest. A convenience sample of nearly a thousand responses was received in quantitative research. The findings clearly show that women have lower financial literacy than men, but there is no indication that this is due to men and women’s differing interests in people and things.

Keywords: financial literacy; personality traits; gender differences (search for similar items in EconPapers)
JEL-codes: L M M0 M1 M10 M11 M12 M14 M15 M16 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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