2022/09/08 by Elise Frølich Furrebøe, Ellen K. Nyhus, Ellen Katrine Nyhus +1
Business, Management and Accounting · Medicine · Psychology · Social Sciences · #Demographic economics #Demography #Economics #Finance #Financial Literacy, Pension, Retirement Analysis #Financial literacy #Intergenerational Family Dynamics and Caregiving #Logistic regression #Medicine #Ordered logit #Population #Psychology #Retirement, Disability, and Employment #Social psychology #Socialization #Socioeconomic status #Sociology
paper · pdf · doi:10.1111/joca.12490
openalex publication_date 2022/09/08 · crossref created 2022/09/08 · crossref issued 2022/09/19 · crossref published 2022/09/19 · crossref published-online 2022/09/19 · crossref published-print 2023/01/01 · crossref deposited 2023/08/20 · openalex created_date 2025/10/10 · crossref indexed 2026/08/01 · openalex updated_date 2026/08/02
Abstract The OECD/INFE international surveys of adult financial literacy (OECD/INFE 2016, 2020) show gender differences in financial literacy in developed countries in Europe. In this study, we examine whether these differences can be explained by gender differences in parental economic socialization using the Dutch 2018 DHS household survey. We investigate whether respondents' recollection of economic socialization when young predict their adult economic behavior and self‐assessed financial knowledge. The results from ordinal logit and logistic regressions and for nonlinear equations decompositions reveal gender differences in the recollection of economic socialization and in how socialization practices are related to economic behavior and self‐assessed financial knowledge. Men have to a greater degree than women been socialized in terms of having paid work outside the home, while women more often than men report that their parents controlled their spending. Moreover, we find gender differences in how men and women benefitted from the same socialization practices.