Australian women with good financial knowledge fare better in divorce

IF 2 4区管理学 Q3 BUSINESS

Australian Journal of Management Pub Date : 2021-06-29 DOI:10.1177/03128962211022041

Tracey West, Elizabeth Mitchell

引用次数: 9

Abstract

Divorce dissolves couple households, who likely specialised in household financial decision-making tasks, into singles who need to learn new skills. Financial decisions will be particularly challenging for those newly separated people that are lacking knowledge and confidence. Given the substantive literature supporting the lack of financial knowledge of women in comparison to men, women are likely to be more disadvantaged by this aspect of divorce. We employ the HILDA Survey and find support for the role of financial literacy in improving wealth outcomes in divorce, particularly for women. We find that the positive impact is significant over the long term. This research contributes to knowledge of the role of financial education in building resilience to endure financial shocks. JEL classification: D14; G53; G50; J12; J16

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具备良好金融知识的澳大利亚女性在离婚时表现更好

离婚使可能专门从事家庭财务决策任务的夫妻家庭变成了需要学习新技能的单身家庭。对于那些缺乏知识和信心的新分离人群来说，财务决策将特别具有挑战性。鉴于大量文献支持女性与男性相比缺乏财务知识，女性可能在离婚的这一方面处于更不利的地位。我们采用了HILDA调查，发现金融知识在改善离婚财富结果方面的作用得到了支持，尤其是对女性而言。我们发现，从长远来看，这种积极影响是显著的。这项研究有助于了解金融教育在建立抵御金融冲击的能力方面的作用。JEL分类：D14；G53；G50；J12；J16

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Australian Journal of Management Multiple-

CiteScore

10.60

自引率

4.20%

发文量

期刊介绍： The objectives of the Australian Journal of Management are to encourage and publish research in the field of management. The terms management and research are both broadly defined. The former includes the management of firms, groups, industries, regulatory bodies, government, and other institutions. The latter encompasses both discipline- and problem-based research. Consistent with the policy, the Australian Journal of Management publishes research in accounting, applied economics, finance, industrial relations, political science, psychology, statistics, and other disciplines, provided the application is to management, as well as research in areas such as marketing, corporate strategy, operations management, organisation development, decision analysis, and other problem-focuses paradigms.