We conduct a field experiment with elementary school children to go to the roots of the gender gap in financial participation and decision-making. We study the combined effects of two treatments designed to boost the attention span of participants in completing a basic financial task. We find that the use of gender-specific conceptual frames (competitiveness vs. cooperation) in the description of the task: a) raises girls’ interest and thus increases their number of coherent answers; b) makes the transmission of information on the utility of savings more effective in boosting the coherence of girls’ answers; c) does not increase girls’ level of impatience. This evidence supports our underlying hypothesis that the use of more gender-specific conceptual frames in presenting financial information to women may play a role in narrowing the gender gap in financial market participation and decision-making.

What is Good for the Goose is Good for the Gander? How gender-specific conceptual frames affect financial participation and decision-making

Cecilia Boggio;Flavia Coda Moscarola;Andrea Gallice
2020

Abstract

We conduct a field experiment with elementary school children to go to the roots of the gender gap in financial participation and decision-making. We study the combined effects of two treatments designed to boost the attention span of participants in completing a basic financial task. We find that the use of gender-specific conceptual frames (competitiveness vs. cooperation) in the description of the task: a) raises girls’ interest and thus increases their number of coherent answers; b) makes the transmission of information on the utility of savings more effective in boosting the coherence of girls’ answers; c) does not increase girls’ level of impatience. This evidence supports our underlying hypothesis that the use of more gender-specific conceptual frames in presenting financial information to women may play a role in narrowing the gender gap in financial market participation and decision-making.
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https://www.sciencedirect.com/science/article/abs/pii/S0272775719300378
Financial Inclusion, Gender Gap, Limited Attention, Framing.
Cecilia Boggio, Flavia Coda Moscarola, Andrea Gallice
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2318/1719259
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