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.
Highlights
Engagement, and Residents’ Health: Financial literacy is an important research topic in the field of household finance.Stoney and Stradling first proposed the concept of financial literacy [1]
In order to test the two intermediary mechanisms of financial literacy on the health of residents: income and health expenditure, we used the mediating effect estimation for Models 2–4.Ordinary Least Squares (OLS) multiple linear regression andstepwise estimation method were used to explore the impact of financial literacy on income and health expenditures
Considering that China meets the characteristics of a typical urban–rural dual economic structure, there is a significant gap between urban residents and rural residents in all aspects of life, such as living conditions, income levels, and health services, which may lead to biases in the regression results
Summary
Engagement, and Residents’ Health: Financial literacy is an important research topic in the field of household finance. Residents 2020, due to the progress of people’s livelihood projects, such as the construction of a healthy China and alleviation of health poverty, Chinese nutrition improvement and chronic disease prevention and control have resulted in advances and significant results, which are mainly reflected in the continued improvement in residents’ physical development, a decrease in nutritional deficiencies, a gradual increase in residents’ health awareness, a steady decrease in the premature mortality rate due to major chronic diseases, a significant reduction in labor losses caused by chronic diseases, and the continued increase in the average life expectancy of residents [9]. In the final section of this paper, we provide conclusions and give policy recommendations
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
