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

Overview

Journal Front Public Health

Specialty Public Health

Date 2021 Feb 1

PMID 33520921

Citations 15

Authors

Somtip Watanapongvanich

Mostafa Saidur Rahim Khan

Pongpat Putthinun

Shunsuke Ono

Yoshihiko Kadoya

Affiliations

Soon will be listed here.

Abstract

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 ( = 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.

Citing Articles

Impact of financial literacy and education on breast and cervical cancer screening participation in Japan.

Bawalle A, Nguyen T, Rahim Khan M, Kadoya Y PLoS One. 2024; 19(11):e0313687.

PMID: 39536038 PMC: 11560013. DOI: 10.1371/journal.pone.0313687.

How Does Smartphone Use Impact Loneliness in the Post-COVID Landscape in Japan?.

Kuramoto Y, Nabeshima H, Rahim Khan M, Kadoya Y Behav Sci (Basel). 2024; 14(4).

PMID: 38667090 PMC: 11047396. DOI: 10.3390/bs14040294.

Four modifiable factors that mediate the effect of educational time on major depressive disorder risk: A network Mendelian randomization study.

Wan B, Wu Y, Ma N, Zhou Z, Lu W PLoS One. 2023; 18(7):e0288034.

PMID: 37437071 PMC: 10337944. DOI: 10.1371/journal.pone.0288034.

A Longitudinal Study on Loneliness during the COVID-19 Pandemic in Japan.

Lal S, Nguyen T, Sulemana A, Yuktadatta P, Rahim Khan M, Kadoya Y Int J Environ Res Public Health. 2022; 19(18).

PMID: 36141537 PMC: 9517629. DOI: 10.3390/ijerph191811248.

Has Smartphone Use Influenced Loneliness during the COVID-19 Pandemic in Japan?.

Nguyen T, Lal S, Abdul-Salam S, Yuktadatta P, McKinnon L, Rahim Khan M Int J Environ Res Public Health. 2022; 19(17).

PMID: 36078251 PMC: 9517931. DOI: 10.3390/ijerph191710540.

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