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Financial Literacy and Gender Differences: Women Choose People While Men Choose Things?

Author

Listed:
  • Sigurdur Gudjonsson

    (School of Business, University of Iceland, 102 Reykjavik, Iceland)

  • Inga Minelgaite

    (School of Business, University of Iceland, 102 Reykjavik, Iceland)

  • Kari Kristinsson

    (School of Business, University of Iceland, 102 Reykjavik, Iceland)

  • Sigrún Pálsdóttir

    (School of Business, University of Iceland, 102 Reykjavik, Iceland)

Abstract

According to gender personality traits, women are more interested in people, whereas men are more interested in things. The goal of this research is to see if there is a gender gap in financial literacy and if these disparities can be explained by different areas of interest. A convenience sample of nearly a thousand responses was received in quantitative research. The findings clearly show that women have lower financial literacy than men, but there is no indication that this is due to men and women’s differing interests in people and things.

Suggested Citation

  • Sigurdur Gudjonsson & Inga Minelgaite & Kari Kristinsson & Sigrún Pálsdóttir, 2022. "Financial Literacy and Gender Differences: Women Choose People While Men Choose Things?," Administrative Sciences, MDPI, vol. 12(4), pages 1-9, November.
    • Handle: RePEc:gam:jadmsc:v:12:y:2022:i:4:p:179-:d:986050
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    References listed on IDEAS

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    2. Parvaneh Bahrami & Saeed Nosratabadi & Khodayar Palouzian & Szilard Hegedus, 2023. "Modeling the Impact of Mentoring on Women's Work-LifeBalance: A Grounded Theory Approach," Papers 2305.16095, arXiv.org.

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