First, as mentioned in the previous chapter, evidence from the OECD/INFE survey shows that both partners are jointly responsible for day-to-day money management in a majority of households across several countries, weakening the idea of specialisation in financial decision making. Moreover, the evidence regarding a link between gender differences in financial literacy and specialisation within the household is mixed. Hsu (2011) finds that the financial literacy of older married women in the US increases as they approach widowhood, thus supporting the idea of household division of labour. Anticipating possible widowhood, women have incentives to begin learning. However, Fonseca et al. (