Financial Literacy, Health Engagement, and Residents’ Health: Evidence from China

Qilong Zheng, Zhen Peng and Shun Ding
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Qilong Zheng: School of Business, Hubei University, Wuhan 430062, China
Zhen Peng: School of Business, Hubei University, Wuhan 430062, China
Shun Ding: School of Medical Business, Guangdong Pharmaceutical University, Zhongshan 528400, China

IJERPH, 2021, vol. 18, issue 8, 1-18

Abstract: This study took residents’ health level as the research object, adopted the perspective of financial literacy, and used the 2014–2018 China Family Panel Studies data to analyze the impact of financial literacy on the residents’ health. The study found that financial literacy could have a significant positive impact on the residents’ health, with long-term effects. Furthermore, it promoted the residents’ health engagement and improved their health through the intermediary effects of income and health expenditure. In addition, the impact of financial literacy on the residents’ health was heterogeneous between urban and rural areas. Compared with the case for rural residents, the improvement of financial literacy significantly improved the health of the urban residents. The outcomes of this research were the exploration of means to improve residents’ health from a new economic perspective, promote residents’ health engagement, and improve residents’ health.

Keywords: financial literacy; health engagement; healthcare; income; health expenditure (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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