Financial Literacy, Financial Education, and Cancer Screening Behavior: Evidence from Japan

Nguyen, Trinh Xuan Thi; Lal, Sumeet; Sulemana, Abdul-Salam; Khan, Mostafa Saidur Rahim; Kadoya, Yoshihiko

doi:10.3390/ijerph19084457

Cited by 6 publications

(4 citation statements)

References 72 publications

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“…In addition, we obtained static demographic variables, such as gender, child-rearing status, residence, and years of education, from the 2020 dataset. The 2020 financial literacy variable was also included, representing rational financial and health behaviors [ 31 , 32 , 33 ]. Other socioeconomic variables from the 2022 wave were utilized, including age, marital status, living status, employment status, and household financial status.…”

Section: Methodsmentioning

confidence: 99%

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

Nguyen

Lal

Sulemana

et al. 2022

IJERPH

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The influence of smartphone use on increased risk of feeling lonely has been recognized as a global public health concern. However, it is unclear whether this influence has changed during the ongoing COVID-19 pandemic, during which smartphones have become a particularly important means of communication due to health safety measures restricting personal interactions. We used Hiroshima University’s online survey data collected from 18–28 February 2022, to assess the impact of smartphone use on loneliness in Japan. The final sample included 2630 participants aged over 20 years, with loneliness measured using the UCLA scale and smartphone use calculated as the duration of usage in minutes/day. Weighted logit regression analysis was used to examine the association between smartphone use and loneliness, with other demographic, socioeconomic, and psychological characteristics as explanatory variables. Contrary to conventional evidence, our findings show that smartphone use mitigated the risk of loneliness during the pandemic. This was especially true among females under 65 years old. We found that age, subjective health status, future anxiety, and depression impacted this relationship. The findings of this study can help guide policymaking by showing the importance of providing adequate digital platforms to manage loneliness and mental health during times of isolation.

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Section: Methodsmentioning

confidence: 99%

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

Nguyen

Lal

Sulemana

et al. 2022

IJERPH

Self Cite

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show abstract

“…Demographic variables, such as gender, child-rearing status, living regions, and educational attainment, were extracted from the 2020 wave, whereas socioeconomic variables, such as age, marital status, living alone, employment, household income, and household assets, were obtained from the 2020 and 2022 datasets. Furthermore, as financial literacy was reported to be a proxy for rational financial and health behaviors [ 28 , 29 , 30 ], the variable of financial literacy from the 2020 wave was included in our study. The remaining variables were related to the subjective evaluation of financial and health status, including the subjective evaluation of health, anxiety about the future, financial satisfaction, and a myopic view of the future.…”

Section: Methodsmentioning

confidence: 99%

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

Lal

Nguyen

Sulemana

et al. 2022

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The prolonged COVID-19 pandemic has exacerbated existing socioeconomic and health risk factors and added additional dimensions to the loneliness problem. Considering the temporal extension of COVID-19, which exposes people to various loneliness conditions, we examined the development of loneliness and changing risk factors based on age and gender. We used longitudinal data from Hiroshima University’s nationwide survey in Japan, conducted before and during the pandemic, to categorize loneliness into three types: long-term (feeling of loneliness experienced both before and during the pandemic), post-pandemic (feeling of loneliness experienced throughout the whole pandemic period), and fresh (feeling of loneliness experienced only in the last year of the pandemic). Loneliness categorization is important because the prolonged existence of the COVID-19 pandemic has added additional dimensions to the loneliness problem, which existing studies rarely identify. As a result, the distinction between long-term and fresh loneliness remains unexplained. The weighted logit regression results revealed that many Japanese people have remained or became lonely during the pandemic and identified variations based on gender, age, and changes in socioeconomic and health characteristics. More precisely, almost 52% of the participants experienced long-term loneliness, while 8% of the participants experienced post-pandemic loneliness, and nearly 5% experienced fresh loneliness. Age and having children were associated with long-term loneliness; gender, age, leaving full-time employment, financial literacy, change in health status, and change in depression were associated with post-pandemic loneliness; and gender, having children, living in rural areas, change in household assets, financial literacy, changes in health status, and changes in depression were associated with fresh loneliness. These results indicated that long-term, post-pandemic, and fresh loneliness have distinct characteristics. The Japanese government should devise distinctive solutions for people suffering from varying loneliness before and during the pandemic rather than adopting a generalized approach.

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“…Our main explanatory variable, financial literacy, was measured using three questions in (Appendix B) following some existing literature [10,19,[27][28][29][30][31][32]. We assigned one point for each correct answer and zero points for each incorrect answer.…”

Section: Methodsmentioning

confidence: 99%

Financial Literacy and Impulsivity: Evidence from Japan

et al. 2023

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The existing literature considers financial literacy to be a proxy for rational decision-making instruments. Although there is empirical evidence on the impact of financial literacy on improving rational decision-making ability, it is not yet known whether financial literacy reduces irrational decisions. Impulsive decisions are a form of irrationality where people prefer smaller but earlier rewards over larger but delayed rewards. Thus, impulsive decisions lead to suboptimal decisions in terms of utility gain. This study investigated whether financial literacy reduces impulsivity in financial and economic decisions. We use data from the Preference Parameter Study (PPS) of Osaka University. We measure hyperbolic discounting as a proxy for impulsive decision making. To control for the endogeneity bias between financial literacy and hyperbolic discounting, we use childhood experiences of talking about finances with parents as an instrumental variable. Our probit regression results show that financial literacy is negatively associated with hyperbolic discounting, after controlling for endogeneity bias. Furthermore, we observed that the effect was significant among respondents aged over 40 and among female respondents. Our results suggest that authorities should consider using financial literacy as an alternative policy intervention to change impulsivity preferences.

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Financial Literacy, Financial Education, and Cancer Screening Behavior: Evidence from Japan

Cited by 6 publications

References 72 publications

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

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

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

Financial Literacy and Impulsivity: Evidence from Japan

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