Gender, Financial Literacy and Active Stock Market Participation

M. Tedde

Working Paper CRENoS from Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia

Abstract: Women are less financially literate than men and participate less to stock market. However, using a unique brokerage dataset and controlling for different levels of financial literacy, we find that women achieve lower scores in the MiFID questionnaire not because of lack of knowledge but because of lack of confidence in their knowledge. Nonetheless, female participation in stock market is still lower than male investors.

Keywords: financial literacy; Confidence; MiFID Directive; gender gap; Stock market participation (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:cns:cnscwp:202603

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