Differences in the Destination of Savings According to Gender, and Its Economic Rights Implications

Florina Guadalupe Arredondo-Trapero, Eva María Guerra-Leal and José Carlos Vázquez-Parra ()
Additional contact information
Florina Guadalupe Arredondo-Trapero: School of Humanities and Education, Tecnologico de Monterrey, Monterrey 64849, Mexico
Eva María Guerra-Leal: EGADE Business School, Tecnologico de Monterrey, Monterrey 64849, Mexico
José Carlos Vázquez-Parra: Institute for the Future of Education, Tecnologico de Monterrey, Monterrey 64849, Mexico

JRFM, 2023, vol. 16, issue 7, 1-18

Abstract: The main problem this article addresses is that women are more vulnerable than men in economic terms. The aim of this research is to identify the differences in the destination of savings according to gender and its implications related to their economic rights. Chi-Square tests were performed to test for the existence of statistically significant differences in the destination of men’s and women’s savings, based on the National Survey on the Destination of Savings in Mexico (ENIF). The hypothesis to be tested is that there is a gender difference in the way in which the destination of savings is allocated. As a result, it is possible to see that women focus their savings on issues related to health and education at home, in contrast to men, who tend to protect their own economic future by focusing their savings on remodeling or buying real estate or starting or expanding a business. In this sense, the hypothesis is partially verified in 4 of the 8 savings destinations. This article is motivated by the desire to identify this possible economic gap between genders, considering that it is an issue that affects the economic and personal future of women.

Keywords: ethics of care; financial inclusion; financial education; savings destination; gender equality; economic rights (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1911-8074/16/7/342/pdf (application/pdf)
https://www.mdpi.com/1911-8074/16/7/342/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jjrfmx:v:16:y:2023:i:7:p:342-:d:1199534

Access Statistics for this article

JRFM is currently edited by Ms. Chelthy Cheng

More articles in JRFM from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().