Drivers of smoking and physical activity in Russia: Do individual time preferences matter?
Tatiana V. Kossova (),
Elena V. Kossova () and
Maria A. Sheluntcova ()
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Tatiana V. Kossova: HSE University, Moscow, Russia
Elena V. Kossova: HSE University, Moscow, Russia
Maria A. Sheluntcova: HSE University, Moscow, Russia
Russian Journal of Economics, 2022, vol. 8, issue 4, 381-390
Abstract:
This article analyzes the relationship between individual decisions to smoke and to do physical exercises. It is assumed that individual time preferences play a major role in explaining individual health behavior. The database is the special survey of Russians' lifestyle conducted in 2017. A multivariate probit model with endogenous binary variable enables to analyze the relationship between smoking, doing physical exercises, and individual time preferences. Individual time preferences are determined through a hypothetical money experiment. An individual discount rate is used as a proxy for the rate of time preferences. We reveal that there is a negative relationship between smoking and doing physical exercises because of unobservable factors. It might be an individual inclination to follow a healthy or unhealthy lifestyle. There is a negative influence of the higher individual discount rate on doing physical exercises and a positive influence of the higher individual discount rate on smoking. Social policy should accentuate the short-term benefits from smoking cessation and regular physical exercises rather than probable future health improvements. For target groups with the higher individual discount rate, highlighting the short-term negative consequences of avoiding healthy behaviors will be more effective than drawing attention to future health risks.
Keywords: smoking; physical; exercise; individual; discount; rate; multivariate; probit; Russia (search for similar items in EconPapers)
JEL-codes: I12 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:arh:jrujec:v:8:y:2022:i:4:p:381-390
DOI: 10.32609/j.ruje.8.81343
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