IDEAS home Printed from https://ideas.repec.org/p/gla/glaewp/2025_04.html
   My bibliography  Save this paper

Financial Teaching and Financial Understanding amongst Young People

Author

Listed:
  • Georgios Panos
  • Robert E. Wright

Abstract

This paper examines the gender gap in financial understanding amongst 1118 year-olds in Scotland. A regression analysis is carried out based on individual-level data collected in the 2014 Young People in Scotland Survey (N=2,016). This survey was supplemented with questions measuring financial understanding, along with questions relating to the teaching of economics, finance and business studies as school subjects. The analysis suggests that there is a large gender gap favouring males of nearly 30%. In addition, the teaching of economics, finance and business studies has a large positive effect on financial understanding. This effect is about four times larger for males compared to females. An Oaxaca-Blinder decomposition suggests that most of the gender gap is explained by this difference. More generally, the analysis suggests that the beginnings of the adult gender gap in financial understanding is when individuals are in school.

Suggested Citation

  • Georgios Panos & Robert E. Wright, 2025. "Financial Teaching and Financial Understanding amongst Young People," Working Papers 2025_04, Business School - Economics, University of Glasgow.
    • Handle: RePEc:gla:glaewp:2025_04
    as

    Download full text from publisher

    File URL: https://www.gla.ac.uk/media/Media_1167184_smxx.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Financial understanding; young people; Scotland;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • I19 - Health, Education, and Welfare - - Health - - - Other
    • I29 - Health, Education, and Welfare - - Education - - - Other
    • G53 - Financial Economics - - Household Finance - - - Financial Literacy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gla:glaewp:2025_04. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Business School Research Team (email available below). General contact details of provider: https://edirc.repec.org/data/dpglauk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.