Journal des affaires commerciales et financières

Thai Middle-Class Women Are Not Falling Behind In Financial Literacy

Abstract

Roy Kouwenberg*

The stylised reality that women typically have lesser financial literacy than males is the subject of this study. According to our data, which is drawn from a sample of Bangkok's middle class, there is no gender pay disparity among individuals who make at least the minimum wage. Men's lack of financial awareness or women's higher income and better education cannot account for this outcome. Instead, national variables, such as Thailand's minimal gender differences in secondary school attendance and mathematics proficiency among students and women's prominent engagement in financial issues, may influence gender equality in the financial sector.