IDEAS home Printed from https://ideas.repec.org/a/gam/jjrfmx/v16y2023i7p342-d1199534.html

Differences in the Destination of Savings According to Gender, and Its Economic Rights Implications

Author

Listed:
  • Florina Guadalupe Arredondo-Trapero

    (School of Humanities and Education, Tecnologico de Monterrey, Monterrey 64849, Mexico
    Shortly after this paper was sent, Florina Guadalupe Arredondo-Trapero passed away. Passed away 22 June 2023.)

  • Eva María Guerra-Leal

    (EGADE Business School, Tecnologico de Monterrey, Monterrey 64849, Mexico)

  • José Carlos Vázquez-Parra

    (Institute for the Future of Education, Tecnologico de Monterrey, Monterrey 64849, Mexico)

Abstract

The main problem this article addresses is that women are more vulnerable than men in economic terms. The aim of this research is to identify the differences in the destination of savings according to gender and its implications related to their economic rights. Chi-Square tests were performed to test for the existence of statistically significant differences in the destination of men’s and women’s savings, based on the National Survey on the Destination of Savings in Mexico (ENIF). The hypothesis to be tested is that there is a gender difference in the way in which the destination of savings is allocated. As a result, it is possible to see that women focus their savings on issues related to health and education at home, in contrast to men, who tend to protect their own economic future by focusing their savings on remodeling or buying real estate or starting or expanding a business. In this sense, the hypothesis is partially verified in 4 of the 8 savings destinations. This article is motivated by the desire to identify this possible economic gap between genders, considering that it is an issue that affects the economic and personal future of women.

Suggested Citation

  • Florina Guadalupe Arredondo-Trapero & Eva María Guerra-Leal & José Carlos Vázquez-Parra, 2023. "Differences in the Destination of Savings According to Gender, and Its Economic Rights Implications," JRFM, MDPI, vol. 16(7), pages 1-18, July.
    • Handle: RePEc:gam:jjrfmx:v:16:y:2023:i:7:p:342-:d:1199534
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1911-8074/16/7/342/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1911-8074/16/7/342/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jing Jian Xiao & Nilton Porto & Irene McIvor Mason, 2020. "Financial capability of student loan holders who are college students, graduates, or dropouts," Journal of Consumer Affairs, Wiley Blackwell, vol. 54(4), pages 1383-1401, December.
    2. Kenneth De Beckker & Kristof De Witte & Geert Van Campenhout, 2020. "The role of national culture in financial literacy: Cross‐country evidence," Journal of Consumer Affairs, Wiley Blackwell, vol. 54(3), pages 912-930, September.
    3. Fu, Jonathan, 2020. "Ability or opportunity to act: What shapes financial well-being?," World Development, Elsevier, vol. 128(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ooi, Elizabeth, 2023. "Culture and confidence in financial knowledge testing," Pacific-Basin Finance Journal, Elsevier, vol. 77(C).
    2. Andrej Cupák & Pirmin Fessler & Maria Silgoner & Elisabeth Ulbrich, 2021. "Exploring Differences in Financial Literacy Across Countries: The Role of Individual Characteristics and Institutions," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 158(2), pages 409-438, December.
    3. Julie Birkenmaier & David Rothwell & Mary Agar, 2022. "How is Consumer Financial Capability Measured?," Journal of Family and Economic Issues, Springer, vol. 43(4), pages 654-666, December.
    4. Ali, Muhammad Arsalan & Rehman, Khalil ur & Maqbool, Adnan & Hussain, Shahid, 2021. "The Impact of Behavioral Finance Factors and the Mediating Effect of Investment Behavior on Individual’s Financial Well-being: Empirical Evidence from Pakistan," Journal of Accounting and Finance in Emerging Economies, CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan, vol. 7(2), pages 325-336, June.
    5. Peter Kwame Kuutol & Josue Mbonigaba & Rufaro Garidzirai, 2024. "Financial Literacy and Financial Well-Being in Rural Households in Ghana: The Role of Financial Information Consumption," Sustainability, MDPI, vol. 16(19), pages 1-24, September.
    6. Laura - Filofteia PANOIU & Remus GRIGORESCU & Sorin Daniel MANOLE, 2024. "Identifying The Relationship Between Mathematical Pisa Score And Financial Knowledge," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 9(2), pages 126-138.
    7. Minhaj Mahmud & Yasuyuki Sawada & Mari Tanaka, 2022. "Microfinance competition and multiple borrowing: Evidence using panel data from Bangladesh," Review of Development Economics, Wiley Blackwell, vol. 26(2), pages 1164-1188, May.
    8. Gagandeep Kaur & Manjit Singh & Sanjay Gupta, 2023. "Analysis of key factors influencing individual financial well-being using ISM and MICMAC approach," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(2), pages 1533-1559, April.
    9. Shishir Shakya & Nabamita Dutta, 2024. "How Individualism Influences Female Financial Inclusion through Education: Evidence from Historical Prevalence of Infectious Diseases," Working Papers 24-07, Department of Economics, Appalachian State University.
    10. Fred van Raaij, W. & Riitsalu, Leonore & Põder, Kaire, 2023. "Direct and indirect effects of self-control and future time perspective on financial well-being," Journal of Economic Psychology, Elsevier, vol. 99(C).
    11. Leonore Riitsalu & Agata Gąsiorowska & W. Fred Raaij & Kai Ruggeri, 2025. "Longitudinal Assessment of Financial Well-Being Across Europe Confirms the Multidimensionality of the Construct," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 178(1), pages 279-303, May.
    12. Julie Birkenmaier & Jin Huang, 2024. "A systematic conceptual review of financial access," Journal of Consumer Affairs, Wiley Blackwell, vol. 58(2), pages 367-396, June.
    13. Daniela Fernanda Diaz & Sonia Di Giannatale & Irvin Rojas, 2023. "Financial Vulnerability and Financial Instruments: Evidence from Mexico," Sobre México. Revista de Economía, Sobre México. Temas en economía, vol. 1(8), pages 94-134.
    14. Gardenia Silva-Martínez & Marcos Jesús Iglesias-Martínez & Inés Lozano-Cabezas, 2023. "A Qualitative Study on Barriers in Learning Opportunities in Ecuadorian Higher Education," Societies, MDPI, vol. 13(3), pages 1-11, February.
    15. Szilárd Heged?s & Csaba Lentner, 2024. "Examining financial literacy and the financial aspects of Hofstede's four-factor culture model in Hungary," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 19(1), pages 1-20, Enero - M.
    16. Ifra Bashir & Ishtiaq Hussain Qureshi, 2023. "A Systematic Literature Review on Personal Financial Well-Being: The Link to Key Sustainable Development Goals 2030," FIIB Business Review, , vol. 12(1), pages 31-48, March.
    17. Jitender Kumar & Vinki Rani & Manju Rani & Garima Rani, 2026. "Pathways to Life Success: a Comparative Study of Financial Well-Being among Males and Females in an Emerging Economy," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 33(1), pages 349-378, March.
    18. Hao Liang & Muttahir Hussain & Amir Iqbal, 2025. "The Dynamic Role of Green Innovation Adoption and Green Technology Adoption in the Digital Economy: The Mediating and Moderating Effects of Creative Enterprise and Financial Capability," Sustainability, MDPI, vol. 17(7), pages 1-28, April.
    19. Fan, Lu & Chatterjee, Swarn & Kim, Jinhee, 2022. "Young adults’ personality traits and subjective well-being: The role of perceived money management capability," Journal of Behavioral and Experimental Finance, Elsevier, vol. 35(C).
    20. Helena Susana Amaral Geraldes & Ana Paula Matias Gama & Mário Augusto, 2022. "Reaching Financial Inclusion: Necessary and Sufficient Conditions," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 162(2), pages 599-617, July.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jjrfmx:v:16:y:2023:i:7:p:342-:d:1199534. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager The email address of this maintainer does not seem to be valid anymore. Please ask MDPI Indexing Manager to update the entry or send us the correct address (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.