| 1 | A | B | C | D | E |
| --- | --- | --- | --- | --- | --- |
| 2 | decomposition results accounting for the gap in registered education savings plan participation between high- and low-income parents, canadian financial capability survey |  |  |  |  |
| 3 |  | main sample |  | canadian-born sample |  |
| 4 |  | percentage points | percent of overall gap | percentage points | percent of overall gap |
| 5 | gelbach decomposition |  |  |  |  |
| 6 | overall gap | 0.385 | .. | 0.459 | .. |
| 7 | explained gap | 0.324 | 84.2 | 0.365 | 94.7 |
| 8 | share of income gap in resp participation accounted for by |  |  |  |  |
| 9 | demographics | -0.053 | -13.8 | 0.003 | 0.8 |
| 10 | net worth | 0.276 | 71.7 | 0.301 | 78.2 |
| 11 | education | 0.029 | 7.5 | 0.051 | 13.2 |
| 12 | financial literacy | 0.072 | 18.7 | 0.046 | 11.9 |
| 13 | oaxaca-blinder decomposition |  |  |  |  |
| 14 | overall gap | 0.385 | .. | 0.459 | .. |
| 15 | explained gap | 0.279 | 72.5 | 0.360 | 93.5 |
| 16 | share of income gap in resp participation accounted for by |  |  |  |  |
| 17 | demographics | -0.090 | -23.4 | -0.024 | -6.2 |
| 18 | net worth | 0.304 | 79.0 | 0.320 | 83.1 |
| 19 | education | 0.016 | 4.2 | 0.034 | 8.8 |
| 20 | financial literacy | 0.050 | 13.0 | 0.030 | 7.8 |

Question: how many percentage points out of the 38.5 percentage point gap in resp participationcan can be explained by the differences in financial literacy proficiency between high- and low-income parents?
Answer: 0.072