scholarly journals Gender differences in financial behavior of population

POPULATION ◽  
2020 ◽  
Vol 23 (2) ◽  
pp. 51-60
Author(s):  
Aziza V. Yarasheva ◽  
Natalia V. Alikperova
Keyword(s):  
Gender Differences ◽  
Financial Market ◽  
Financial Literacy ◽  
Financial Behavior ◽  
Economic Decisions ◽  
Sense Of Security ◽  
Gender Characteristics ◽  
Behavior Models ◽  
Gender Specific ◽  
Russian Research

The article analyzes various studies in the field of population behavior in the financial market. Since psychological factors related to mentality, temperament, and risk-taking play an important role in implementing financial strategies, along with rational motives, women and men may behave differently. An attempt is made to answer the question: whether there are significant gender differences in financial behavior models, and whether this aspect requires a close attention of scientists who study trends and features of forming strategies of Russians when making economic decisions. A review of Russian and foreign studies aimed at investigation of gender characteristics of investment behavior and financial literacy is performed. Traditionally, in most families, men are responsible for the financial situation, they are more concerned with providing for their family, earning and multiplying money. Women, as a rule, are more concerned with the «inner» side of family life — so that everyone is fed, dressed, shod, and provided with everything necessary. Therefore, if both of them have decided to invest, the emphasis in the well-known formula «save and multiply» is made by men on the second word, and by women — on the first. As a result, women are significantly less likely to take risks and more likely to make profitable transactions. Men are more prone to take risks, for them it is not so much the result of investment that is important, as the excitement, and work in the financial markets is somewhat akin to hunting. Probably there are some primitive triggers at the level of the subconscious that are blocked by the norms of morality and etiquette in society. For women, stability is much more important, and the desire to maintain a sense of security prevails rather than a thirst for risk. The study revealed poor elaboration of this topic, lack of Russian research on gender-specific financial behavior due to the underdevelopment of the Russian financial market, as well as the lack of sufficient supply of financial instruments for further accumulation of experience in implementing their strategies by representatives of both genders.

scholarly journals Financially Competent Behaviour of Russian People: Factors of Forming

2019 ◽  
Vol 15 (4) ◽  
pp. 54-69
Author(s):  
Natal’ya Alikperova ◽  
Kristina Vinogradova
Keyword(s):  
Financial Market ◽  
Financial Literacy ◽  
Current System ◽  
Empirical Studies ◽  
Secondary Data ◽  
Well Being ◽  
Russian Population ◽  
Financial Behavior ◽  
Public Confidence ◽  
Expert Survey

The Object of the Study. Financially competent behaviour.The Subject of the Study. Factors of forming financially competent behaviour.The Purpose of the Study. Identification of factors influencing the formation of financial literacy behaviour based on the results of empirical studies of the level of financial literacy of the Russian population, the results of an expert survey in the framework of research «Institutionalization of financial literacy of the Russian population».The main Provisions of the Article. The formation of financially competent behavior is not only a prerequisite for the effective functioning and development of the entire financial system of Russiya, but also acts as a factor of material well-being of citizens, a smoothing element of differentiation in income. Changes in economic relations, the complexity of the financial market, its structure and products, as well as the transition to digital rails have led the population to the need of developing skills in the formation of financially competent strategies. To implement such strategies, it is necessary to have a resource and intellectual base among the population, as well as opportunities for the formation of an effective ecosystem of interaction between all participants in financial relations. The study identified the main trends in the financial behavior of Russians in modern conditions, factors affecting the choice of certain strategies of financial behavior, as well as conditions for the transformation of these strategies into new forms of financially literate behavior. Among the main we can note the low level of financial literacy of Russians, if anything, this trend can be traced from year to year, due not only to psychological and cultural aspects of behavior (inherent in Russians fear, uncertainty and insecurity, laziness, stereotyping, and shifting responsibility to third parties), but with the increasing complexity of the financial market as a whole, erroneous conception of the essence of certain concepts, and as a result, the alignment of financial strategies in accordance with this interpritation, the spread of the phenomenon gaining momentum – misseling, and may also indirectly indicate the inefficiency of the current system of improving financial literacy of Russians. According to the analysis of secondary data, government statistics public confidence in financial institutions, income level also influence on forming financial literacy strategies, which is confirmed by the data of the expert survey conducted within the project «Institutionalization of financial literacy of the Russian population»

scholarly journals Tinjauan Literasi Keuangan Bagi Santri Pondok Pesantren Madura: Studi Kasus Pondok Pesantren Syaichona Kholil Kabupaten Bangkalan

2017 ◽  
Vol 2 (2) ◽  
Author(s):  
Galuh Widitya Qomaro ◽  
Aldila Septiana
Keyword(s):  
Financial Literacy ◽  
Real Life ◽  
Financial Behavior ◽  
Basic Knowledge ◽  
Financial Assets ◽  
Environmental Diversity ◽  
Economic Decisions ◽  
The Right ◽  
Financial Intelligence ◽  
Muslim School

Need priority scale arrangement is done to avoid the behavior of irrational consumption. It also must pay attention to the financial capabilities to avoid greater expenditure than income. Therefore, to make the right economic decisions in consuming and avoid luxurious lifestyle, it is necessary for us understanding financial literacy. Financial Literacy is knowledge to manage finance. One of the intelligences that must be possessed by modern men is financial intelligence, namely the intelligence in managing personal assets, especially in managing personal financial assets. The object of research in this paper is students at traditional Muslim School at traditional Muslim at school of Syaichona Kholil Bangkalan District, where students at traditional Muslim School are students who live far apart from parents equipped with knowledge in managing finances and allowance. Are the students at traditional Muslim School able to coordinate his finances in traditional Muslim School? Based on the result of the research, it can be described as follows: the concept of someone's financial literacy can be seen from the his/her cognitive process or knowledge which he has in managing finance, and his/her attitudes toward personal finance that will affect his financial behavior or decision in managing finance. From the existing theory, it is adapted based on basic knowledge as well as financial attitudes for teenagers with age of 13-18 years. A review of financial literacy for students at traditional Muslim School of  Syaichona Kholil Bangkalan District is appraised by simplicity and mutual sharing among fellow who is able to maintain an individual life as a social creature in the environmental diversity of the community. This sense of solidarity and kinship is needed to bring students at traditional Muslim School into real life after they no longer live in traditional Muslim School of Syaichona Kholil Bangkalan Regency. Keywords: Financial Literacy, Traditional Muslim School, Syaichona Kholil

Financial behavior of households and its determinants

2019 ◽  
pp. 42-47
Author(s):  
Lidiya Dudynets ◽  
Hanna Holub ◽  
Roksolana Holub
Keyword(s):  
Financial Market ◽  
Financial Literacy ◽  
Financial Services ◽  
Economic Behavior ◽  
Financial Behavior ◽  
Financial Resources ◽  
Public Confidence ◽  
Compensatory Mechanisms ◽  
Low Level ◽  
Bank Card

The economic meaning of the term «financial behavior» has been researched. In this study, financial behavior is considered as a special type of economic behavior that is related to the actions of the population in the financial services market, which involves the mobilization, redistribution and investment of the population’s monetary resources. The classification of financial behavior of the population is considered. It should be classified on the basis of such features as the activity in the financial services market, the type of the result of financial behavior, the source of financial resources, the form of implementation, the instruments used in the financial services markets, the degree of risk, the propensity to innovate, the type of property of financial resources. The factors influencing financial behavior of households are analyzed, and the following types are distinguished: political, demographic, cultural, social, psychological, economic. The features of financial behavior of the population in Ukraine in comparison with other countries are determined. It has been established that the level of penetration of financial services is significantly lower than the world standards: on average, one Ukrainian has only one bank card and one current account in the bank, and the intentions of the population to save and invest are passive in nature. It is established that the greatest determinant of financial behavior, inclusiveness and literacy in Ukraine is the age and property status of financial services consumers. The problems, the solution of which will facilitate the increase of financial behavior of domestic households and their involvement in the financial market of Ukraine, are outlined. The main issues are as follows: 1) The absence of financial traditions and positive practices in financial activity in Ukraine, which is due to past historical development of the state; 2) Insufficient development of the financial market in terms of working with a private investor and limited supply of financial services to such clients; 3) Absence of the Institute of financial advisers; 4) The scope of application of compensatory mechanisms in the financial market; 5) Lack of effective tax incentives for citizen investments; 6) Low level of public confidence in financial intermediaries; 7) Disadvantages of providing market participants with the necessary financial information; 8) Low level of financial literacy of the population.

Decision Making, Attitudes, and Behaviours on Financial Literacy among Filipino College Students: Factorial and Correlational Analyses

2021 ◽  
Author(s):  
Nicky C. Cardenas ◽  
◽  
Julieta G. Fonte ◽  
Keyword(s):  
College Students ◽  
Decision Making ◽  
Financial Market ◽  
Financial Literacy ◽  
Reliability And Validity ◽  
Sampling Technique ◽  
Factor Loading ◽  
Financial Behavior ◽  
Cronbach’S Alpha ◽  
Cronbach's Alpha

Researches revealed that there is an urgent need for financial literacy (Hung, Parker, & Yoong, 2009; Nidar & Bestari, 2012; Mihal?ováa, Csikósová, & Antošovác, 2014; Agarwal et. al, 2015). However, in Philippine context, financial literacy has not been extensively explored (Leano, 2006). This research study aimed at analyzing the reliability and validity of Filipino college students’ financial literacy based on Questionnaire for Assessing Financial Literacy (QAFL), a 12-item Likert scale with acceptable internal consistency (? = 0.74) developed by (?onková, 2014). Specifically, this study aimed to analyze the relationship of students’ decision making, attitudes and behavior in the financial market. It utilized a simple random sampling technique. A total of 140 Filipino college students participated in this study. SPSS was used for statistical data analysis. Results of the reliability analysis for Cronbach's Alpha if item deleted showed an overall acceptable range (? =.722-.775) and Cronbach's Alpha based on standardized items (? = 0.750). Results of the factor analysis revealed an appreciable factor loading = .49 up to the high factor loading = .82 construct validity. Results of the correlation analysis revealed that the relationships were statistically significant as follows: decision making and attitudes toward finances (rs = 0.52), decision making and financial behavior (rs = 0.49), attitudes and financial behavior (rs = 0.45). Thus, it is concluded that financial literacy is relevant to aid students in addressing issues affecting their decision making, attitudes and behaviors in the financial market.

scholarly journals Pengaruh Income, Debt, Gender Differences, Financial Literacy, dan Financial Attitude terhadap Financial Satisfaction

2021 ◽  
Vol 9 (4) ◽  
pp. 1549-1562
Author(s):  
Ucik Nurul Hidayati Siswoyo ◽  
Nadia Asandimitra
Keyword(s):  
Gender Differences ◽  
Financial Literacy ◽  
Financial Management ◽  
Structural Equation ◽  
Positive Impact ◽  
Financial Behavior ◽  
Equation Modeling ◽  
Financial Satisfaction ◽  
Snowball Sampling ◽  
The Individual

This study examines the financial satisfaction among the employees in the District of Sidoarjo, as well as to analyze the relationship between income, debt, gender differences, financial literacy, and financial attitude. The object of this research is the employees in the District of Sidoarjo and techniques of data collection using the technique of purposive sampling and snowball sampling. Total respondents obtained is 298 by distributing questionnaires online. This research is conclusive causality and using the analysis technique of Structural Equation Modeling (SEM) in AMOS software version 24. The results of this study showed that the debt and financial attitude have a significant effect on financial satisfaction, while the variable income, gender differences and financial literacy does not affect the financial satisfaction. This study can be a useful reference for a variety of parties, especially labour/employees/employee where you should always act and behave better in financial terms, because the attitude towards finance plays an important role to determine the success or failure of the financial behavior of individuals. The high attitude of the individual financial can determine the high awareness in responsible for the expenditure of finances, so it will cause a positive impact on the behavior of financial management to achieve the satisfaction of personal finance.

scholarly journals TINJAUAN LITERASI KEUANGAN BAGI SANTRI PONDOK PESANTREN MADURA: STUDI KASUS PONDOK PESANTREN SYAICHONA KHOLIL KABUPATEN BANGKALAN

2017 ◽  
Vol 2 (1) ◽  
pp. 39-49
Author(s):  
Galuh Widitya Qomaro ◽  
Aldila Septiana
Keyword(s):  
Financial Literacy ◽  
Real Life ◽  
Financial Behavior ◽  
Basic Knowledge ◽  
Financial Assets ◽  
Environmental Diversity ◽  
Economic Decisions ◽  
The Right ◽  
Financial Intelligence ◽  
Muslim School

Need priority scale arrangement is done to avoid the behavior of irrational consumption. It also must pay attention to the financial capabilities to avoid greater expenditure than income. Therefore, to make the right economic decisions in consuming and avoid luxurious lifestyle, it is necessary for us understanding financial literacy. Financial Literacy is knowledge to manage finance. One of the intelligences that must be possessed by modern men is financial intelligence, namely the intelligence in managing personal assets, especially in managing personal financial assets. The object of research in this paper is students at traditional Muslim School at traditional Muslim at school of Syaichona Kholil Bangkalan District, where students at traditional Muslim School are students who live far apart from parents equipped with knowledge in managing finances and allowance. Are the students at traditional Muslim School able to coordinate his finances in traditional Muslim School? Based on the result of the research, it can be described as follows: the concept of someone's financial literacy can be seen from the his/her cognitive process or knowledge which he has in managing finance, and his/her attitudes toward personal finance that will affect his financial behavior or decision in managing finance. From the existing theory, it is adapted based on basic knowledge as well as financial attitudes for teenagers with age of 13-18 years. A review of financial literacy for students at traditional Muslim School of  Syaichona Kholil Bangkalan District is appraised by simplicity and mutual sharing among fellow who is able to maintain an individual life as a social creature in the environmental diversity of the community. This sense of solidarity and kinship is needed to bring students at traditional Muslim School into real life after they no longer live in traditional Muslim School of Syaichona Kholil Bangkalan Regency

scholarly journals Gender-specific health literacy of individuals with a migrant background: A mixed-method approach

2019 ◽  
Vol 29 (Supplement_4) ◽  
Author(s):  
A Aldin ◽  
D Chakraverty ◽  
A Baumeister ◽  
I Monsef ◽  
T Jakob ◽  
...  
Keyword(s):  
Health Care ◽  
Gender Differences ◽  
Health Literacy ◽  
Quantitative Review ◽  
Migrant Background ◽  
Qualitative Evidence ◽  
Gender And Migration ◽  
And Migration ◽  
Gender Specific ◽  
Specific Health

Abstract Background The project “Gender-specific health literacy in individuals with a migrant background (GLIM)” (German Federal Ministry of Education and Research; 01GL1723) aims to provide a comprehensive overview of international research and evidence on aspects of gender and migration related to health literacy. It encompasses primary and secondary research using a mixed-methods approach. Methods In a first step, we systematically review the available quantitative and qualitative evidence: in the first quantitative review, we meta-analyse the evidence on gender differences in health literacy of migrants. The second quantitative review assesses the effectiveness of interventions for improving health literacy in female and male migrants. The third review summarises qualitative evidence to assess factors associated with gender and migration that may play a role in the design, delivery, and effectiveness of such interventions. In a second step, we conduct primary research by performing focus group discussions (FGDs) with health care providers who regularly work with different migrant groups in order to explore their perspectives on the challenges and needs of migrants in the German health care system. Results To date, we identified 163 relevant references after screening of 17,932 references, for all reviews combined. Various health literacy interventions and measurement tools exist and require critical evaluation. The FGDs yielded hints to factors that a) influence gender differences in the health literacy of migrants (e.g. masculinity norms preventing Mediterranean men from consulting psychotherapists) or b) limit systemic health literacy (e.g. lack of translators). Conclusions Results from the FGDs can provide insights into the processes underlying the results of the reviews. However, despite increasing research, summarising the available evidence is highly challenging, as there are no universal definitions of the key concepts health literacy and migrant background. Key messages This is an interdisciplinary project, combining quantitative and qualitative evidence to provide maximum value to health policy and decision-making for the health care and health literacy of migrants. Research on gender-, and migration-specific aspects of health literacy is of great importance for the development and delivery of effective interventions for improving migrants’ health literacy.

Gender-Related Differences in Physical Performance among Seniors

2005 ◽  
Vol 13 (3) ◽  
pp. 239-253 ◽  
Author(s):  
Kristin Musselman ◽  
Brenda Brouwer
Keyword(s):  
Gender Differences ◽  
Physical Performance ◽  
Gait Speed ◽  
Community Dwelling ◽  
Activity Level ◽  
Muscle Performance ◽  
Related Factors ◽  
Balance Confidence ◽  
Limits Of Stability ◽  
Gender Specific

This study examined gender differences in balance, gait, and muscle performance in seniors and identified gender-specific factors contributing to physical performance. Forty (20 men, 20 women) healthy, community-dwelling seniors (74.5 ± 5.3 years) participated. Limits of stability, gait speed, lower limb flexor and extensor isokinetic concentric peak torques, self-reported activity level, and balance confidence were measured. No gender differences were detected in gait speed, limits of stability when normalized to height, activity level, or balance confidence (p≥ .188). Women were weaker than men (p≤ .007), even after controlling for weight and body-mass index, suggesting that other gender-related factors contribute to strength. Gender accounted for 18–46% of the variance in strength and served as a modifier of the relationship between activity level and strength in some muscle groups. The primary factors relating to gender-specific strength was activity level in men and body weight in women.

scholarly journals The influence of demographic factors and financial literacy on the financial behavior

2021 ◽  
Vol 10 (1) ◽  
pp. 33
Author(s):  
Agustina Rosa Iriani ◽  
Caecilia Wahyu Estining Rahayu ◽  
Christina Heti Tri Rahmawati
Keyword(s):  
Financial Literacy ◽  
Demographic Factors ◽  
Financial Behavior ◽  
Chi Square ◽  
Purposive Sampling

Penelitian ini bertujuan untuk mengetahui (1) pengaruh faktor demografi terhadap perilaku keuangan mahasiswa Fakultas Ekonomi Universitas Sanata Dharma; dan (2) pengaruh literasi keuangan terhadap perilaku keuangan mahasiswa Fakultas Ekonomi Universitas Sanata Dharma. Jenis penelitian ini menggunakan metode survei. Penelitian ini membagikan 100 kuesioner untuk memperoleh data responden. Teknik pengambilan sampel menggunakan purposive sampling. Teknik analisis data yang digunakan adalah analisis crosstabulation dan analisis Chi Square. Hasil penelitian ini menunjukkan bahwa faktor demografi (pekerjaan orangtua, pendidikan orangtua, dan pendapatan orangtua) tidak berpengaruh terhadap perilaku keuangan mahasiswa Fakultas Ekonomi Universitas Sanata Dharma. Sedangkan, literasi keuangan berpengaruh terhadap perilaku keuangan mahasiswa Fakultas Ekonomi Universitas Sanata Dharma. Implikasi penelitian ini, meningkatnya literasi keuangan mahasiswa Fakultas Ekonomi Universitas Sanata Dharma diharapkan dapat meningkatkan perilaku keuangan mahasiswa menjadi lebih baik sehingga mampu meningkatkan kesejahteraannya.Kata kunci: Faktor demografi; literasi keuangan, perilaku keuangan

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