G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w28723
来源IDWorking Paper 28723
Fearless Woman: Financial Literacy and Stock Market Participation
Tabea Bucher-Koenen; Rob J. Alessie; Annamaria Lusardi; Maarten van Rooij
发表日期2021-05-03
出版年2021
语种英语
摘要Women are less financially literate than men. It is unclear whether this gap reflects a lack of knowledge or, rather, a lack of confidence. Our survey experiment shows that women tend to disproportionately respond “do not know” to questions measuring financial knowledge, but when this response option is unavailable, they often choose the correct answer. We estimate a latent class model and predict the probability that respondents truly know the correct answers. We find that about one-third of the financial literacy gender gap can be explained by women’s lower confidence levels. Both financial knowledge and confidence explain stock market participation.
主题Econometrics ; Data Collection ; Microeconomics ; Households and Firms ; Behavioral Economics ; Financial Economics
URLhttps://www.nber.org/papers/w28723
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/586397
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GB/T 7714
Tabea Bucher-Koenen,Rob J. Alessie,Annamaria Lusardi,et al. Fearless Woman: Financial Literacy and Stock Market Participation. 2021.
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