A costly gender gap

Click to enlarge

Everyone needs to be sufficiently financially literate to take informed decisions for themselves and their families as to their savings, investments, pensions and more. But in many countries, women have lower financial knowledge than men, and are less confident in their financial knowledge and skills.

This holds true for both developed and developing countries, in all regions of the world, and using different survey instruments. While women sometimes appear to be better than men in some types of short-term money management, they are more likely to have trouble making ends meet, building solid savings or choosing financial products appropriately.

Yet women make important and daily decisions about the allocation of household resources, and to have a major role in the transmission of financial habits and skills to their children. And because women live longer than men, but have shorter working lives and lower average incomes from which to save for old age, they need to be sufficiently financially literate to manage the risks they face.

Gender differences in financial knowledge may be smaller among younger generations that have been exposed to a more egalitarian environment than their elders. The 2012 OECD Programme for International Student Assessment (PISA) will measure the financial literacy of 15-year-olds in 18 countries for the first time. 

See Closing the Gender Gap

Also see www.oecd.org/els/soc/oecdgenderinitiative.htm

© OECD Observer No 296 Q3 2013




Economic data

E-Newsletter

Stay up-to-date with the latest news from the OECD by signing up for our e-newsletter :

Twitter feed

Editor's choice

  • Base Erosion and Profit Shifting (BEPS)
  • Base Erosion and Profit Shifting: "Currently tax planning results in locating the profits in tax havens where nothing is happening. BEPS is rewriting the international tax rules to realign the location of the profits and the real activity."
  • Bloomberg
    UN Special Envoy for Cities and Climate Change Michael R. Bloomberg at the OECD. A week before world leaders gather at the UN Climate Summit in New York Mr Bloomberg, will take part in a public discussion with OECD Secretary-General Angel Gurría on how cities can be empowered to take the lead in combatting climate change.
  • OECD Yearbook 2014
    Catherine L. Mann has been appointed as the new OECD Chief Economist. She replaces Pier Carlo Padoan, who became Italy’s minister of economy and finance in February 2014, and will take up her post in October. Ms Mann will be the second woman in the OECD's 50-year history to be chief economist.Click for bio.
  • Climate change video
  • Climate change: World leaders, business heads and civil society representatives at the UN Climate Summit in September 2014 and the COP20 talks in December in Lima will discuss ways to reduce greenhouse emissions, strengthen climate resilience and mobilise finance and political will for a meaningful global agreement in 2015. The OECD is providing data and guidance to steer these discussions.
  • Better Life Index
    How do you measure a Better Life?
    The OECD has launched a new interactive infographic where visitors can explore the priorities of people worldwide. Be a part of it. Create and share your Better Life Index.

Most Popular Articles

Subscribe Now

<b>Subscribe now!</b>

To receive your exclusive print editions delivered to you directly


Online edition
Previous editions

Poll

Is deflation a major risk in OECD economies?

Yes
No
Don't know

OECD Insights Blog

NOTE: All signed articles in the OECD Observer express the opinions of the authors
and do not necessarily represent the official views of OECD member countries.

All rights reserved. OECD 2014