Gender, Financial Literacy and Pension Savings*

Alison Preston, Robert E. Wright

Research output: Contribution to journalArticlepeer-review

4 Citations (Scopus)


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.
Original languageEnglish
Pages (from-to)58-83
Number of pages26
JournalEconomic Record
Issue number324
Early online dateDec 2022
Publication statusPublished - Mar 2023


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