Keywords
financial literacy, health insurance, health behavior
Abstract
Research on financial literacy seeks to determine whether costly financial mistakes can be avoided. Decisions all consumers face are whether to purchase health insurance, purchase prescriptions, pursue recommended medical testing, and seek medical help for related problems by comparing perceived costs and benefits. Using data from the National Financial Capability Study, this paper provides evidence that financial literacy is a significant determinant in health insurance demand that also reduces the probability of less desirable health-related financial behaviors.
DOI
https://doi.org/10.5038/1936-4660.17.2.1449
Recommended Citation
Kopplin, Kyle. "Financial Literacy, Health Insurance, and Health-Related Financial Behaviors." Numeracy 17, Iss. 2 (2024): Article 2. DOI: https://doi.org/10.5038/1936-4660.17.2.1449
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 License
