FINANCIAL SOCIALISATION OF WOMEN: A BIBLIOMETRIC ANALYSIS OF WOS DATABASE

Authors

  • Dr. Somya Nanda Assistant Professor in Commerce, Dhenkanal (Autonomous) College, Dhenkanal, Odisha, India
  • Sanjeeb Kumar Jena Professor, Department of Commerce, Rajiv Gandhi University, Doimukh, Arunachal Pradesh, India

DOI:

https://doi.org/10.29121/shodhkosh.v7.i1.2026.8451

Keywords:

Bibliometric Analysis, Women, Financial Socialization, Gender Wealth Gap, Financial Autonomy, Financial Capability

Abstract [English]

Over the past decades, extensive research has underscored financial socialization as a pivotal factor in advancing financial inclusion, dismantling gender biases, and fostering financial literacy. This growing body of research work highlights the profound influence of financial socialization on shaping individuals' financial behaviors and enhancing their overall financial well-being, reflecting a notable convergence of insights in this domain. The present study investigates the gender gap in the financial socialization process, which is pivotal for women’s empowerment. Through a comprehensive literature review using shortlisted keywords to search the Web of Science (WOS) database, present research employs the Bibliometric Vosviewer package to ensure thorough analysis. Key themes identified include Financial Socialization, Financial Socialization of Women, Gender Wealth Gap, Financial Autonomy, and Financial Capability. This research underscores the increasing significance of financial socialization for women and its dimensions, which remain underexplored by scholars and practitioners across different countries.

References

Agnew, S. & Cameron-Agnew, T. (2015) The influence of consumer socialisation in the home on gender differences in financial literacy. International Journal of Consumer Studies, 39(6), 630–638. https://doi.org/10. 1111/ijcs.12179

Agnew, S., & Cameron-Agnew, T. (2015). The influence of consumer socialisation in the home on gender differences in financial literacy. International Journal of Consumer Studies, 39, 630-638. DOI: https://doi.org/10.1111/ijcs.12179

Agnew, S., Maras, P. & Moon, A. (2018) Gender differences in financial socialisation in the home–an exploratory study. International Journal of Consumer Studies, 42(3), 275–282. https://doi.org/10.1111/ijcs.12415 DOI: https://doi.org/10.1111/ijcs.12415

Boisclair, D., Lusardi, A., & Michaud, P. C. (2017). Financial literacy and retirement planning in Canada. Journal of pension economics & finance, 16(3), 277-296. DOI: https://doi.org/10.1017/S1474747215000311

Bottazzi, L., & Lusardi, A. (2021). Stereotypes in financial literacy: Evidence from PISA. Journal of Corporate Finance DOI: https://doi.org/10.3386/w28065

Bucher-Koenen, T., Alessie, R. J., Lusardi, A., & Van Rooij, M. (2021). Fearless woman: Financial literacy and stock market participation (No. w28723). National Bureau of Economic Research. DOI: https://doi.org/10.3386/w28723

Bucher-Koenen, T., Alessie, R., Lusardi, A., & Van Rooij, M. (2016). Women, confidence, and financial literacy. European Investment Bank.

Bucher-Koenen, T., Hackethal, A., Koenen, J., & Laudenbach, C. (2023). Gender differences in financial advice.

Bucher-Koenen, T., Lusardi, A., Alessie, R., & Van Rooij, M. (2016). How Financially Literate Are Women? An Overview and New Insights. Journal of Consumer Affairs, Retrieved 8/8/2016 from http://onlinelibrary.wiley.com/doi/10.1111/joca.12121/full.

Bussey, K., & Bandura, A. (1999). Social cognitive theory of gender development and differentiation. Psychological Review, 106, 676–713. DOI: https://doi.org/10.1037/0033-295X.106.4.676

Chen, H., & Volpe, R. (2002). Gender differences in personal financial literacy among college students. Financial Services Review, 11, 289–307. DOI: https://doi.org/10.61190/fsr.v11i3.4739

Danes, S. (1994). Parental perceptions of children’s financial socialization. Financial Counseling and Planning, 5, 127–146.

Danes, S., & Haberman, H. (2007) Teen financial knowledge, self efficacy, and behaviour: a gendered view. Financial Counseling and Planning, 18, 48–60

Deenanath, V., Danes, S.M. & Jang, J. (2019) Purposive and unintentional family financial socialization, subjective financial knowledge, and financial behavior of high school students. Journal of Financial Counseling and Planning, 30(1), 83–96. https://doi.org/10.1891/1052-3073.30.1. DOI: https://doi.org/10.1891/1052-3073.30.1.83

Fonseca, R., Mullen, K., Zamarro, G., & Zissimopoulos, J. (2012). What Explains the Gender Gap in Financial Literacy? The Role of Household Decision Making. National Institute of Public Health. Retrieved 12/8/2016 from URLhttp://www.ncbi.nlm.nih.gov/pmc/articles/PMC3462438/.

Kim, J., Gutter, M. S., & Spangler, T. (2017). Review of family financial decision making: Suggestions for future research and implications for financial education. Journal of Financial Counseling and Planning, 28(2), 253-267. DOI: https://doi.org/10.1891/1052-3073.28.2.253

Klapper, L., & Lusardi, A. (2020). Financial literacy and financial resilience: Evidence from around the world. Financial Management, 49(3), 589-614. DOI: https://doi.org/10.1111/fima.12283

LeBaron, A. B., & Kelley, H. H. (2021). Financial socialization: A decade in review. Journal of family and economic issues, 42(Suppl 1), 195-206. DOI: https://doi.org/10.1007/s10834-020-09736-2

Lusardi, A., Mitchell, O. S., & Curto, V. (2014). Financial literacy and financial sophistication in the older population. Journal of Pension Economics & Finance, 13(4), 347-366. DOI: https://doi.org/10.1017/S1474747214000031

Lusardi, A., Mitchell, O., & Curto, V. (2010). Financial literacy among the young. The Journal of Consumer Affairs, 44, 358–380. DOI: https://doi.org/10.1111/j.1745-6606.2010.01173.x

Mayoux, L. (2001). Tackling the down side: Social capital, women’s empowerment and micro‐finance in Cameroon. Development and change, 32(3), 435-464. DOI: https://doi.org/10.1111/1467-7660.00212

Mayoux, L. (2002). Microfinance and women’s empowerment: Rethinking ‘best practice’. Women, Gender and Development in The Pacific: Key Issuess, 57, 20.

Mayoux, L. (2003). Women’s empowerment and participation in micro-finance: evidence, issues and ways forward. Sustainable Learning for Women’s Empowerment: Ways Forward in Micro-Finance, New Delhi, Hardbound, 1-43

Sen, A. (1990). Development as capability expansion. The community development reader, 41, 58. DOI: https://doi.org/10.1007/978-1-349-21136-4_3

Shim, S., Barber, B.L., Card, N.A., Xiao, J.J. & Serido, J. (2010) Financial socialization of first-year college students: the roles of parents, work, and education. Journal of Youth and Adolescence, 39, 1457–1470. https:// doi.org/10.1007/s10964-009-9432-x DOI: https://doi.org/10.1007/s10964-009-9432-x

Shim, S., Xiao, J.J., Barber, B.L. & Lyons, A.C. (2009) Pathways to life success: a conceptual model of financial well-being for young adults. Journal of Applied Developmental Psychology, 30(6), 708–723. https://doi.org/10. 1016/j.appdev.2009.02.003 DOI: https://doi.org/10.1016/j.appdev.2009.02.003

Webley, P., & Nyhus, E. K. (2006). Parents’ influence on children’s future orientation and saving. Journal of economic psychology, 27(1), 140-164. DOI: https://doi.org/10.1016/j.joep.2005.06.016

Webley, P., & Nyhus, E. K. (2013). Economic socialization, saving and assets in European young adults. Economics of Education Review, 33, 19-30. DOI: https://doi.org/10.1016/j.econedurev.2012.09.001

Downloads

Published

2026-06-01

How to Cite

Nanda, S., & Jena, S. K. (2026). FINANCIAL SOCIALISATION OF WOMEN: A BIBLIOMETRIC ANALYSIS OF WOS DATABASE. ShodhKosh: Journal of Visual and Performing Arts, 7(1), 750–760. https://doi.org/10.29121/shodhkosh.v7.i1.2026.8451