Somtip Watanapongvanich|Mostafa Saidur Rahim Khan|Pongpat Putthinun|Shunsuke Ono|Yoshihiko Kadoya
Financial Literacy, Financial Education, and Smoking Behavior: Evidence From Japan
Hiroshima University of Economics|Hiroshima University of Economics|Hiroshima University of Economics|Hiroshima University of Economics|Hiroshima University of Economics
study examine relationship financial literacy financial education smoking behavior among japanese population hypothesize financially literate financially educated people ability make rational decisions less likely smoke using preference parameters study osaka university conducted 2010 n 3706 probit regression results show financial literacy emphasis knowledge investments financial education emphasis savings behavior significant negative impact smoking behavior addition gender age education marital status household income assets risky behaviors myopic view future risk preference level happiness also significantly predict likelihood person current smoker study provides empirical evidence enhancing rational decisionmaking ability individuals financial literacy financial education may curtail smoking behavior