Tabea Bucher?Koenen|Annamaria Lusardi|Rob Alessie|Maarten van Rooij
How Financially Literate Are Women? An Overview and New Insights
document strikingly similar gender differences financial literacy across countries asked answer questions measure knowledge basic financial concepts women less likely men answer correctly likely indicate know answer young old women show low levels financial literacy moreover women financial knowledge likely importantfor example widows single womenalso know little concepts relevant daytoday financial decisions gender differences present basic well advanced measures financial literacy important financial literacy linked economic behavior including retirement planning wealth accumulation women live longer men likely spend time widowhood thus improving womens financial literacy key helping prepare retirement promoting financial security