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Financial Literacy: An Intra-Household Case Study from West Bengal, India

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  • Tanmoyee Banerjee
  • Malabika Roy

Abstract

The study is an exercise to identify the presence of intra-household gender disparities in financial literacy levels between male and female decision-makers of the family (identified as male and female household heads) using data from a primary survey conducted in 24 Parganas (North), West Bengal, India. The survey shows the existence of significant intra-household gender gap in financial literacy. We also found that the female household heads with low financial literacy use mass media less intensively. Further, the study identifies that financial literacy is low for respondents in families with low levels of income and asset. Financial literacy improves with the use of mass media and education level. Interestingly, the higher the age of respondents the less are they financially literate. JEL Classifications: D19, J16, G190

Suggested Citation

  • Tanmoyee Banerjee & Malabika Roy, 2020. "Financial Literacy: An Intra-Household Case Study from West Bengal, India," Studies in Microeconomics, , vol. 8(2), pages 170-193, December.
    • Handle: RePEc:sae:miceco:v:8:y:2020:i:2:p:170-193
    DOI: 10.1177/2321022220916081
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    References listed on IDEAS

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    1. Tanmoyee Banerjee-Chatterjee & Malabika Roy & Ajitava Raychaudhuri, 2021. "Financial Inclusiveness and Mobilization of Household Savings in Rural Area: Are They Related?," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 19(2), pages 223-249, June.

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    More about this item

    Keywords

    Gender disparities; financial literacy; mass media; latent variables; SEM;
    All these keywords.

    JEL classification:

    • D19 - Microeconomics - - Household Behavior - - - Other
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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