@article{aaa65556459e44f8b37d016097c79201,
title = "Gender, Financial Literacy and Pension Savings*",
abstract = "The relationship between the gender gap in financial literacy and pension savings is examined in this paper. In Australia, individuals have considerable discretion with respect to how their pension savings are managed. We argue that financial literacy should have a positive impact on the profitability of these decisions. Analysis based on micro-data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey suggests that a sizable share of the gender gap in pension savings can be attributed to the gender gap in financial literacy. Therefore, policies aimed at improving the financial literacy of women should help improve the living standards of women in retirement.",
keywords = "financial literacy, pensions, Superannuation",
author = "Alison Preston and Wright, {Robert E.}",
note = "Funding Information: We are grateful to two anonymous referees for their constructive comments, which improved both the content and the presentation of this paper. Full responsibility for any errors, weaknesses and omissions is the sole responsibility of the authors. Financial support from the UWA Business School Alcoa and the Milne Visiting Professor Program is gratefully acknowledged. The paper uses data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. We acknowledge that the HILDA Project was initiated and is funded by the Australian Government Department of Social Services (DSS) and is managed by the Melbourne Institute of Applied Economic and Social Research (Melbourne Institute). The findings and views reported in this paper, however, are those of the authors and should not be attributed to either the DSS or the Melbourne Institute. Open access publishing facilitated by The University of Western Australia, as part of the Wiley ‐ The University of Western Australia agreement via the Council of Australian University Librarians. Publisher Copyright: {\textcopyright} 2022 The Authors. Economic Record published by John Wiley & Sons Australia, Ltd on behalf of Economic Society of Australia.",
year = "2023",
month = mar,
doi = "10.1111/1475-4932.12708",
language = "English",
volume = "99",
pages = "58--83",
journal = "Economic Record",
issn = "0013-0249",
publisher = "Wiley-Blackwell",
number = "324",
}
