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The gender gap in ‘Bitcoin literacy’

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  • Bannier, Christina
  • Meyll, Tobias
  • Röder, Florian
  • Walter, Andreas

Abstract

Using nationally representative US data, we show that women possess weaker knowledge regarding the characteristics of Bitcoin compared to men. Investigating the determinants driving this gap, we find that socio-demographics and personality traits explain only a small share of the gap. Adding measures for actual and perceived financial literacy explains approximately 40 percent of the gender gap in Bitcoin literacy. Experience with digital technology, in contrast, does not have additional explanatory power. Our results indicate that closing gender gaps in financial literacy is important, but safeguarding financial wellbeing in increasingly digitalized financial systems becomes ever more complex.

Suggested Citation

  • Bannier, Christina & Meyll, Tobias & Röder, Florian & Walter, Andreas, 2019. "The gender gap in ‘Bitcoin literacy’," Journal of Behavioral and Experimental Finance, Elsevier, vol. 22(C), pages 129-134.
    • Handle: RePEc:eee:beexfi:v:22:y:2019:i:c:p:129-134
    DOI: 10.1016/j.jbef.2019.02.008
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    References listed on IDEAS

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    Cited by:

    1. Pavel Ciaian & Andrej Cupak & Pirmin Fessler & d'Artis Kancs, 2022. "Environmental-Social-Governance Preferences and the Holding of Crypto-Assets," EERI Research Paper Series EERI RP 2022/07, Economics and Econometrics Research Institute (EERI), Brussels.
    2. Zdenek Smutny & Zdenek Sulc & Jan Lansky, 2021. "Motivations, Barriers and Risk-Taking When Investing in Cryptocurrencies," Mathematics, MDPI, vol. 9(14), pages 1-22, July.
    3. Auer, Raphael & Tercero-Lucas, David, 2022. "Distrust or speculation? The socioeconomic drivers of U.S. cryptocurrency investments," Journal of Financial Stability, Elsevier, vol. 62(C).

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    More about this item

    Keywords

    Bitcoin; Bitcoin literacy; Financial literacy; Gender gap; Gender differences; Household finance;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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