RT Journal Article SR Electronic T1 Aging and Strategic Learning: The Impact of Spousal Incentives on Financial Literacy JF Journal of Human Resources JO J Hum Resour FD University of Wisconsin Press SP 1036 OP 1067 DO 10.3368/jhr.51.4.1014-6712R VO 51 IS 4 A1 Joanne W. Hsu YR 2016 UL http://jhr.uwpress.org/content/51/4/1036.abstract AB Women tend to be less financially literate than men, consistent with a division of labor where husbands manage finances. However, women tend to outlive their husbands. I find that older women acquire financial literacy as they approach widowhood—80 percent would catch up with their husbands by the expected onset of widowhood. These gains are not attributable to husbands’ cognitive decline, as captured by cognition tests. The results are consistent with a model in which the division of labor collapses when a spouse dies: Women have incentives to delay acquiring financial human capital but also to begin learning before widowhood.