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Mobile money, medical cost anxiety and welfare of individuals within the reproductive age in Malaysia

This study examines the association between mobile money, medical cost anxiety, and the welfare of households in Malaysia. The study made use of the data sourced from the Global financial survey conducted by the World Bank. The study applied the logit model and test of mean difference, probit and in...

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Main Authors: Osabohien R., Jaaffar A.H., Akpa A.F., Jakovljevic M.
Other Authors: 57201922189
Format: Article
Published: Springer Nature 2025
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spelling my.uniten.dspace-362392025-03-03T15:41:39Z Mobile money, medical cost anxiety and welfare of individuals within the reproductive age in Malaysia Osabohien R. Jaaffar A.H. Akpa A.F. Jakovljevic M. 57201922189 58897806500 58019740800 14318929700 This study examines the association between mobile money, medical cost anxiety, and the welfare of households in Malaysia. The study made use of the data sourced from the Global financial survey conducted by the World Bank. The study applied the logit model and test of mean difference, probit and instrumental variable regressions to check for robustness. Findings show that mobile money has a positive and significant impact on the welfare of households in Malaysia. Mobile money enables households to access financial services easily and conveniently, which in turn leads to better financial management and increased household welfare. The study also finds that medical cost anxiety hurts household welfare. Households that are more anxious about medical costs tend to experience lower levels of welfare. The results of this study have significant implications for policymakers and financial service providers in Malaysia. To improve the welfare of households, policymakers should promote mobile money use and encourage financial inclusion. Financial service providers should also develop products and services tailored to the needs of households, especially those that are more vulnerable to medical cost anxiety. Additionally, policymakers should consider implementing policies that address rising healthcare costs and alleviate medical cost anxiety among households in Malaysia. ? The Author(s) 2024. Final 2025-03-03T07:41:39Z 2025-03-03T07:41:39Z 2024 Article 10.1057/s41599-024-02767-2 2-s2.0-85185123775 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85185123775&doi=10.1057%2fs41599-024-02767-2&partnerID=40&md5=912f204fcc4cde26e856115773db537f https://irepository.uniten.edu.my/handle/123456789/36239 11 1 260 All Open Access; Gold Open Access Springer Nature Scopus
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description This study examines the association between mobile money, medical cost anxiety, and the welfare of households in Malaysia. The study made use of the data sourced from the Global financial survey conducted by the World Bank. The study applied the logit model and test of mean difference, probit and instrumental variable regressions to check for robustness. Findings show that mobile money has a positive and significant impact on the welfare of households in Malaysia. Mobile money enables households to access financial services easily and conveniently, which in turn leads to better financial management and increased household welfare. The study also finds that medical cost anxiety hurts household welfare. Households that are more anxious about medical costs tend to experience lower levels of welfare. The results of this study have significant implications for policymakers and financial service providers in Malaysia. To improve the welfare of households, policymakers should promote mobile money use and encourage financial inclusion. Financial service providers should also develop products and services tailored to the needs of households, especially those that are more vulnerable to medical cost anxiety. Additionally, policymakers should consider implementing policies that address rising healthcare costs and alleviate medical cost anxiety among households in Malaysia. ? The Author(s) 2024.
author2 57201922189
author_facet 57201922189
Osabohien R.
Jaaffar A.H.
Akpa A.F.
Jakovljevic M.
format Article
author Osabohien R.
Jaaffar A.H.
Akpa A.F.
Jakovljevic M.
spellingShingle Osabohien R.
Jaaffar A.H.
Akpa A.F.
Jakovljevic M.
Mobile money, medical cost anxiety and welfare of individuals within the reproductive age in Malaysia
author_sort Osabohien R.
title Mobile money, medical cost anxiety and welfare of individuals within the reproductive age in Malaysia
title_short Mobile money, medical cost anxiety and welfare of individuals within the reproductive age in Malaysia
title_full Mobile money, medical cost anxiety and welfare of individuals within the reproductive age in Malaysia
title_fullStr Mobile money, medical cost anxiety and welfare of individuals within the reproductive age in Malaysia
title_full_unstemmed Mobile money, medical cost anxiety and welfare of individuals within the reproductive age in Malaysia
title_sort mobile money, medical cost anxiety and welfare of individuals within the reproductive age in malaysia
publisher Springer Nature
publishDate 2025
_version_ 1825816100613390336
score 13.250246

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