Gender Gaps in Financial Literacy: A Multi-Arm RCT to Break the Response Bias in Surveys

Laura Hospido, Nagore Iriberri () and Margarita Machelett
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Nagore Iriberri: University of the Basque Country

No 16628, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Gender gaps in financial literacy are pervasive and persistent. They are partly explained because women choose "I do not know" more frequently. We test for the effectiveness of three interventions to shift this behavior. The control survey includes the possibility of "I do not know". The three treatments either exclude this possibility, offer incentives for correct answers, or inform survey takers of the existing gender gap in choosing this answer option. While all interventions are very effective in reducing this answer option, only the information significantly reduces the gender gap in "I do not know" and in financial literacy.

Keywords: financial literacy; gender gaps; survey methods (search for similar items in EconPapers)
JEL-codes: C8 C9 D14 D91 G53 I22 J16 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2023-11
New Economics Papers: this item is included in nep-ban, nep-exp, nep-fle and nep-gen
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Gender gaps in financial literacy: a multi-arm RCT to break the response bias in surveys (2024)
Working Paper: Gender gaps in financial literacy: a multi-arm RCT to break the response bias in surveys (2023)
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