Journal of Financial Counseling and Planning | 2019
Gender, Parental Characteristics, and Financial Knowledge of High School Students: Evidence From Multicountry Data
Abstract
This study examines the gender gap in financial literacy by using the Financial Literacy Assessment from the OECD s Programme for International Student Assessment (PISA). The analysis focuses on the influence of parents on their children s understanding of financial concepts, utilizing multilevel modeling procedures to examine variance among students, within schools, and within countries. Based on data from 18 countries, results suggest that a gender gap in financial knowledge favoring male high school students is present and that parents may influence their children s financial knowledge.