Financial Literacy, Financial Education, and Smoking Behavior: Evidence From Japan

Frontiers in Public Health

article

Somtip Watanapongvanich¹  Mostafa Saidur Rahim Khan¹  Pongpat Putthinun¹  Shunsuke Ono¹  Yoshihiko Kadoya¹ 

[1] School of Economics, Hiroshima University

关键词: smoking;    financial literacy;    financial education;    Japan;    healthcare decision;   

DOI  :  10.3389/fpubh.2020.612976

学科分类：社会科学、人文和艺术（综合）

来源: Frontiers

【 摘 要 】

In this study, we examine the relationship between financial literacy, financial education, and smoking behavior among the Japanese population. We hypothesize that financially literate and financially educated people, who have the ability to make more rational decisions, are less likely to smoke. Using the Preference Parameters Study of Osaka University, conducted in 2010 ( N = 3,706), the probit regression results show that both financial literacy (with an emphasis on knowledge of investments) and financial education (with an emphasis on savings behavior) have a significant negative impact on smoking behavior. In addition, gender, age, education, marital status, household income and assets, risky behaviors, a myopic view of the future, risk preference, and level of happiness also significantly predict the likelihood of a person being a current smoker. This study provides empirical evidence that enhancing the rational decision-making ability of individuals through financial literacy and financial education may curtail smoking behavior.

【 授权许可】

CC BY