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

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 (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 si

SUBMITTER: Watanapongvanich S 

PROVIDER: S-EPMC7844398 | biostudies-literature | 2020

REPOSITORIES: biostudies-literature