Gender differences in financial literacy among Hong Kong workers

Kar Ming YU, Muluan Alfred WU, Wai-Sum CHAN, Kee Lee CHOU

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11 Citations (Scopus)

Abstract

Using a phone survey conducted in 2012, we examined whether there is a gender difference in financial literacy among Hong Kong workers; and if such a difference exists, whether it can be explained by gender differences in sociodemographic variables, social or psychological factors, and/or the outcomes of retirement planning. Results show a gender gap in financial literacy as well as age, spousal support for retirement savings, risk tolerance, computational ability, and perceived financial knowledge. Multivariate data analyses show that a proportion of the gender difference in financial literacy could be explained by gender differences in risk tolerance, computational ability, and self-reported financial knowledge; but the difference remained after adjusting for variables found to be associated with gender. Our findings suggest that it may be important to develop programs targeted specifically to women. Copyright © 2014 Routledge.
Original languageEnglish
Pages (from-to)315-326
JournalEducational Gerontology
Volume41
Issue number4
Early online dateNov 2014
DOIs
Publication statusPublished - 2015

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Citation

Yu, K.-M., Wu, A. M., Chan, W.-S., & Chou, K.-L. (2015). Gender differences in financial literacy among Hong Kong workers. Educational Gerontology, 41(4), 315-326.