Gender Gap in Financial Knowledge,Financial Attitude and Financial Behavior

Abstract

Research on differences in men and women in term of financial behavior has long been studied, especially with the development of gender equality issues. This study aims to determine differences in men and women in the Indonesian border region in terms offinancial knowledge, financial attitude and financial management behavior. This research is conducted in Merauke, border area of Indonesia. The questionnaire was used to collect the data. The sample of the study was 382 respondents and the data analysis applied chi square. The results show that there were no differences between men and women in, financial knowledge, financial attitude and financial management behavior. Financial attitude in terms of obsession shows women rely more on money than men and in terms of cash management women show better abilities. This study has two implications, (1) gender equality has touched financial aspects (2) there is no difference between financial knowledge, financial attitude, and financial management behavior between men and women, but there are different in specific aspect of financial attitude and financial management behavior so that financial education programs should consider those aspect.