Table 3

Gender-based heterogeneity in the estimated effect

GenderATT (high vs low DFL)Std. Errort-valuep-value
1 (Male/Reference)1.310.2195.98<0.001
2 (Female)1.610.3264.93<0.001

Note(s): ATT = Average treatment effect on the treated. Estimates were obtained using stratified propensity score matching (PSM) to compare individuals in the top and bottom tertiles of digital financial literacy (DFL) within gender subgroups. Robust standard errors are reported

Source(s): The authors’ calculation

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