Age, gender, and financial literacy in Japan.

ABSTRACT:

Objective

The aim of this study is to investigate the association between financial literacy and age as well as gender differences in financial literacy.

Methods

We analyse a sample of 25,000 individuals from 'The Financial Literacy Survey 2016' conducted by the Central Council for Financial Services Information (Bank of Japan). The analysis focuses on the relationship of age and financial literacy as well as that of age and self-rated financial knowledge. To consider factors accounting for gender differences in financial literacy, we use the Blinder-Oaxaca decomposition method. To further our understanding of financial literacy, we conduct additional analyses on financial behaviour and attitude.

Results

Although age is associated with increased financial literacy (Me

SUBMITTER: Okamoto S 

PROVIDER: S-EPMC8598074 | biostudies-literature | 2021

REPOSITORIES: biostudies-literature