Domains of Financial Literacy Among Women in Public Sector: A Systematic Literature Review
DOI:
https://doi.org/10.47750/pegegog.15.02.11Keywords:
Financial Literacy, Financial Knowledge, Financial Planning, Financial Attitude, Systematic Literature Review, WomenAbstract
The objective of this study is to explore the domains that contributed to the women’s financial literacy practice with the aim of seeing the existing gaps in the literature and how financial literacy affects various elements of women’s lives. This paper adopts a systematic literature review process to collect all relevant studies, carefully examine and analyse each study separately, and finally reach a comprehensive set of conclusions and establish the domains that contributed to the financial literacy practice among women. A systematic literature review has been undertaken, comprising of academic articles collected from Scopus, Web of Science, and Google Scholar in accordance with the Reporting Standards for Systematic Evidence Syntheses (ROSES). The results obtained revealed four key domains, namely Financial Knowledge (FK), Financial Skill (FS), Financial Attitude (FA) and Financial Behavior (FB) alongside a total of 10 sub-themes. The discussion section contextualises the study's findings on financial literacy among women, putting light on implications uncovered through a rigorous literature review. The practical and theoretical implications of this research are discussed, providing insights into how the results can be applied or influence practices of financial literacy among women. These implications could encompass the woman ability to master the financial knowledge while also practicing it in the real world. This study contributes to extending the literature through thorough explanation towards the domains that contributed to the financial literacy practice among women, which may explain their relatively lagging position in this field.
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