Understanding the gender gap in financial literacy: The role of culture

Using data from the 2015 China Household Financial Survey (CHFS) this paper examines effect of culture on gender gap in financial literacy. We exploit geographical differences China, comparing outcomes between rural and urban areas east west (Shanghai Chongqing). Blinder-Oaxaca decomposition we show that, nationally, literacy is entirely product way men women acquire It a result consistent with cultural effects. When considering just Shanghai Chongqing observe raw differential 13% (favoring Shanghai). This also acquired. provides additional evidence as to importance when it comes understanding