{"title":"The Gender Gap in Financial Literacy—The Role of Response Behavior","authors":"Lucy Haag, Luis Oberrauch, Taiga Brahm","doi":"10.1111/joca.70045","DOIUrl":null,"url":null,"abstract":"<p>The gender gap in financial literacy favoring men is a well-documented phenomenon. Research reveals that women more frequently opt for the “do not know” (DK) response option than men. As the gender gap in financial literacy is evident at a young age and should be counteracted early, we focus on a sample of German adolescents (<i>N</i> = 1958) and investigate which factors are relevant for the decision to select the DK option. Applying regression and decomposition analyses, our study results confirm a substantial gender gap both in financial literacy scores and in the tendency to choose DK. If respondents are not offered a DK option, the gender gap significantly decreases. The decision to select DK can be partly explained by girls' lower math scores and less interest in economics. Our results contribute to the literature by examining factors associated with picking DK in a young sample, offering policy implications regarding targeted programs.</p>","PeriodicalId":47976,"journal":{"name":"Journal of Consumer Affairs","volume":"60 2","pages":""},"PeriodicalIF":3.4000,"publicationDate":"2026-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/joca.70045","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Consumer Affairs","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/joca.70045","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
The gender gap in financial literacy favoring men is a well-documented phenomenon. Research reveals that women more frequently opt for the “do not know” (DK) response option than men. As the gender gap in financial literacy is evident at a young age and should be counteracted early, we focus on a sample of German adolescents (N = 1958) and investigate which factors are relevant for the decision to select the DK option. Applying regression and decomposition analyses, our study results confirm a substantial gender gap both in financial literacy scores and in the tendency to choose DK. If respondents are not offered a DK option, the gender gap significantly decreases. The decision to select DK can be partly explained by girls' lower math scores and less interest in economics. Our results contribute to the literature by examining factors associated with picking DK in a young sample, offering policy implications regarding targeted programs.
期刊介绍：
The ISI impact score of Journal of Consumer Affairs now places it among the leading business journals and one of the top handful of marketing- related publications. The immediacy index score, showing how swiftly the published studies are cited or applied in other publications, places JCA seventh of those same 77 journals. More importantly, in these difficult economic times, JCA is the leading journal whose focus for over four decades has been on the interests of consumers in the marketplace. With the journal"s origins in the consumer movement and consumer protection concerns, the focus for papers in terms of both research questions and implications must involve the consumer"s interest and topics must be addressed from the consumers point of view.
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