Posts Tagged: Graduate School of Social Sciences

For Americans, understanding money eases old age anxiety

For Americans, understanding money eases old age anxiety

  A new household economics study from Hiroshima University suggests that financially literate people are more capable of accumulating wealth and worrying less about life in old age. This study is the first of its kind to examine how financial literacy influences anxiety about life in old age in the United States. “Anxiety is bad for one’s health, and it is bad for the economy,” Yoshihiko Kadoya said. Kadoya, Associate Professor of Health Economics at Hiroshima University, is the primary author of this study. Indeed, nearly 75 percent of Americans report feeling anxious about old age. “If you have a high level of anxiety about the future, you tend to… Read more

Cultural expectations and concern for long-term care drive preference for sons in India

Cultural expectations and concern for long-term care drive preference for sons in India

  Parents’ preference for sons persists globally, but the gender imbalance at birth remains most extreme in Asia, especially India.  New analysis reveals that in India, the preference for sons might come from the expectation – even after controlling socioeconomic factors – that sons and their wives should care for elderly family members. “Now we have the data to prove elder care motivates son preference, so we can move forward on how to understand this economic and healthcare issue,” said Yoshihiko Kadoya, Ph.D., lead author of the research study and currently Associate Professor in the Department of Economics at Hiroshima University. The absence of national pension or socialized healthcare systems… Read more