2015 Conference

Gender, Financial knowledge, Household production model, Family decision-making, Gender roles

In 2013 wives were more financially knowledgeable than the husband in 43% of mixed-sex married couple households, the lowest rate in 40 years.  For households with a net worth in the top one percent, only 11% of wives were more knowledgeable.  We found that college educated husbands are more likely to be more knowledgeable than the wives,  wives who had more education than their husbands were more likely to be more knowledgeable, and the likelihood of the wife being more knowledgeable than the husband increased both as net worth increased from zero and as net worth decreased below zero.