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Gender gap in financial literacy: a lack of knowledge or confidence?

Summary:
“If women and girls are fearless, they will benefit by becoming more financially independent, more financially secure, more in control of their future and society will benefit.” By: The Sound of Economics Date: March 24, 2021 Topic: European Macroeconomics & Governance Women are less financially literate than men. But does this gap reflect a lack of knowledge or a lack of confidence? To find out Maria Demertzis, deputy director of Bruegel is joined by Annamaria Lusardi, Professor of Economics and Accountancy at the George Washington University and non-resident fellow at Bruegel and Maarten van Rooij, senior economist at the Dutch Central Bank in The Sound of Economics. Annamaria and Maarten explain their findings in a recently published paper that about one-third of the

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“If women and girls are fearless, they will benefit by becoming more financially independent, more financially secure, more in control of their future and society will benefit.”

By: Date: March 24, 2021 Topic: European Macroeconomics & Governance

Women are less financially literate than men. But does this gap reflect a lack of knowledge or a lack of confidence? To find out Maria Demertzis, deputy director of Bruegel is joined by Annamaria Lusardi, Professor of Economics and Accountancy at the George Washington University and non-resident fellow at Bruegel and Maarten van Rooij, senior economist at the Dutch Central Bank in The Sound of Economics.

Annamaria and Maarten explain their findings in a recently published paper that about one-third of the financial literacy gender gap can be explained by women’s lower confidence levels.

Relevant publication:
Bucher-Koenen F., R. Alessie, A. Lusardi and M. Rooij (2021) ‘Fearless woman: financial literacy and stock market participation’.

Sound Money Economics System was a fringe political party in Manitoba, Canada, during the provincial election of 1941.

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