Women and financial education : evidence, policy responses and guidance

Foreword; Table of contents; Acronyms and abbreviations; Executive summary; Key findings; Chapter 1. Introduction; Background and rationale; Process; Scope of the publication; References; Chapter 2. Gender differences in financial literacy; Women have lower levels of financial knowledge; Figure 2.1. Average financial knowledge score by gender; Box 2.1. Different financial literacy gaps across students, employees and retirees in India; Gender differences in financial knowledge at young ages; Figure 2.2. Average financial knowledge score by gender (young people). - Box 2.2. Gender differences in financial literacy among 15 year-oldsSmaller but still significant gender differences after controlling for socio-demographic factors; Figure 2.3. Gender differences in financial knowledge controlling for socio-demographic factors; Less well-educated and poor women have the lowest financial knowledge; Different financial attitudes across genders; Women appear to be aware of their lack of financial knowledge; Women have lower confidence than men in their financial knowledge and skills; Figure 2.4. Average number of "do not know" replies by gender. - Men are more likely to be over-confident in their financial skillsGender differences in interest for financial matters; Women are more risk-averse than men; Implications for women's financial behaviour; Gender differences in financial behaviour and strategies; Women are more likely to have a budget and to keep track of their finances; Figure 2.5. Responsibility for day-to-day money management decisions in the household; Figure 2.6. Responsible for money management decision and has a household budget; Figure 2.7. I keep a close personal watch on my financial affairs