Research

Refereed Journal Articles

• Kadoya, Y.., Lal, S., Nguyen, T.X.T., Bawalle, A.A., & Khan, M.S.R. , Evaluating the Investment Performance of Japanese Households: A Comparison between Professional Financial Advice and Free Financial AdviceHeliyon, 2025, forthcoming
• Nabeshima, H., Lal, S., Izumi, H., Himeno, Y., Khan, M.S.R., & Kadoya, Y. The Impact of Hyperbolic Discounting on Asset Accumulation for Later Life: A Study of Active Investors
  Aged 65 Years and Over in Japan, Risks, 2025, 13(1), 8
• Khan, M.S.R., Yoshimura, H., & Kadoya, Y. Emotional Instability and Financial Decisions: How Neuroticism Fuels Panic Selling, Risks, 2024, 12 (12), 203
• Nguyen, T.X.T., Lal, S., & Kadoya, Y. A global bibliometric analysis of loneliness during the COVID-19 pandemic: future research and policy implications, Asia Pacific Journal of Health Management, 2024, forthcoming
• Bawalle, A.A., Khan, M.S.R., & Kadoya, Y. Overconfidence, financial literacy, and panic selling: Evidence from Japan, Plos One, 2024, forthcoming
• Bawalle, A.A., Nguyen, T.X.T., Khan, M.S.R., & Kadoya, Y. Impact of Financial Literacy and Education on Breast and Cervical Cancer Screening Participation in Japan, Plos One, 2024, doi.org/10.1371/journal.pone.0313687
• Katauke, T., M.S.R., & Kadoya, Y. What determines investment in the Nippon Individual Savings Account? An investigation of Japan’s tax-exempt investment account, Plos One, 2024, forthcoming
• Bawalle, A.A., Lal, S., Nguyen, T.X.T., Khan, M.S.R., & Kadoya, Y. , Navigating Time-Inconsistent Behavior: The Influence of Financial Knowledge, Behavior, and Attitude on Hyperbolic Discounting, Behavioral Sciences: Behavioral Economics, 2024, 14 (11), 994
• Kuramoto, Y., Khan, M.S.R., & Kadoya, Y. Behavioral Biases in Panic Selling: Exploring the Role of Framing During the COVID-19 Market Crisis, Risks, 2024, 12 (10), 162
• Lal, S., Nguyen, T.X.T., Bawalle, A.A., Khan, M.S.R., & Kadoya, Y. Unraveling investor behavior: The role of hyperbolic discounting in panic selling behavior on the global COVID-19 financial crisis, Behavioral Sciences: Behavioral Economics, 2024, 14 (9), 795
• Kuramoto, Y., Takeuchi, K., Nabeshima, H., Nakamichi, S., Khan, M.S.R., & Kadoya, Y.. Temporal Dynamics of Payment Choices: Unraveling the Interplay Between Time Preferences and Credit Card Utilization in Japan, Cogent Economics & Finance, 2024, 12 (1), doi: 10.1080/23322039.2024.2369278.
• Kuramoto, Y., Nabeshima, H., Khan, M.S.R., & Kadoya, Y. How does Smartphone Use Impact Loneliness in the Post-COVID landscape in Japan?, Behavioral Sciences: Behavioral Economics, 2024, 14 (4), 294
• Kadoya, Y., Fukuda, S., & Khan, M.S.R. Could having access to real-time data on your emotions help improve mental health? Evidence from a Randomized Controlled Trial of Japanese Office Workers, Behavioral Sciences, 2024, 14(3), 169
• Nabeshima, H., Kuramoto, Y., Khan, M.S.R., & Kadoya, Y. Does the easing of COVID-19 restrictive measures improve loneliness conditions? Evidence from Japan, Sustainability: Sustainability of Physical and Mental Health during COVID-19 and Other Pandemics, 2023, 15 (24), 16891
• Lal, S., Sulemana, A.-S., Nguyen, T.X.T., Khan, M.S.R., & Kadoya, Y. Information sources for investment decisions: Evidence from Japanese investors, International Journal of Financial Studies, 2023, 11 (4), 117
• Sulemana, A.-S., Lal, S., Nguyen, T.X.T., Khan, M.S.R., & Kadoya, Y. Loneliness during the COVID-19 pandemic: A comparison of urban and rural areas, Sustainability: The Impact of the COVID-19 Pandemic on Mental Well-Being, 2023, 15 (16), 12218
• Fukuda, S., Katauke, T., Hattori, S., Tanaka, S., Kurushima, Y., Arakawa, Y., Ikeda, N., Kinoshita, H., Urayama, M., Shimizu, R., Anan, T., Ifuku, S., Shiwaku, Y., Khan, M.S.R., & Kadoya, Y. Impulsivity and Alcohol-Drinking Behavior: Evidence from Japan, Behavioral Sciences: Behavioral Economics, 2023, 13 (5), 391
• Katauke, T., Fukuda, S., Khan, M.S.R., & Kadoya, Y. Financial Literacy and Impulsivity: Evidence from Japan, Sustainability: Health, Well-Being and Sustainability, 2023, 15 (9), 7267
• Kuramoto, Y., Nabeshima, H., Khan, M.S.R., & Kadoya, Y. The Association of Caregivers’ Socio-Economic Conditions with Family Caregiving Norms: Evidence from China, Behavioral Sciences, 2023, 13 (5), 362
• Lal, S., Nguyen, T.X.T., Sulemana, A.-S., Khan, M.S.R., & Kadoya, Y. Time Discounting and Hand Sanitization Behavior: Evidence from Japan, Sustainability: Health, Well-Being and Sustainability, 2023, 15 (8), 6488
• Sulemana, A.-S., Lal, S., Nguyen, T.X.T., Khan, M.S.R., & Kadoya, Y. Pandemic Fatigue in Japan: Factors Affecting the Declining COVID-19 Preventive Measures, Sustainability: Health, Well-Being and Sustainability, 2023, 15 (7), 6220
• Khan, M.S.R., & Kadoya, Y. Who became victims of financial frauds during the COVID-19 pandemic in Japan?, Sustainability, 2023, 15 (4), 2865
• Fukuda, S., Lal, S., Katauke, T., Khan, M.S.R., & Kadoya, Y. Impact of changing socioeconomic conditions on family caregiving norms: Evidence from Japan, Behavioral Sciences, 2022, 12 (12), 471
• Lal, S., Nguyen, T.X.T., Sulemana, A.-S.. Yuktadatta, P., Khan, M.S.R., & Kadoya, Y. A longitudinal study on loneliness during the COVID-19 pandemic in Japan, International Journal of Environmental Research and Public Health: Health Economics, 2022, 19 (18), 11248
• Lal, S., Nguyen, T.X.T.,Sulemana, A.-S.. Khan, M.S.R., & Kadoya, Y. Does Financial Literacy Influence Preventive Health Check-up Behavior in Japan?, BMC Public Health, 2022, 22, 1704
• Nguyen, T.X.T., Lal, S., Sulemana, A.-S.. Yuktadatta, P., McKinnon, L., Khan, M.S.R., & Kadoya, Y. Has Smartphone Use Influenced Loneliness during the COVID-19 Pandemic in Japan?, International Journal of Environmental Research and Public Health: Health Economics, 2022, 19 (17), 10540
• Kadoya, Y., Khan, M.S.R., Watanapongvanich, S., Fukuda, M., Kurita, Y., Takahashi, M., Machida, H., Yarimizu, K., Kimura, N., Sakurai, H., & Ebara, R. Consumers’ Willingness to Pay for Tactile Impressions: A Study Using Smartphone Covers, IEEE Access, 2022, 10, 85180- 85188
• Khan, M.S.R., Nguyen, T.X.T., Lal, S., Watanapongvanich, S., & Kadoya, Y. Hesitancy towards the Third Dose of COVID-19 Vaccine among the Younger Generation in Japan, International Journal of Environmental Research and Public Health, 2022, 19 (12), 7041
• Khan, M.S.R., Yuktadatta, P., & Kadoya, Y. Who became lonely during the COVID-19 pandemic? An investigation of the socioeconomic aspects of loneliness in Japan, International Journal of Environmental Research and Public Health, 2022, 19 (8), 4457
• Nguyen, T.X.T., Lal, S., Sulemana, A.-S.. Khan, M.S.R., & Kadoya, Y. Financial Literacy, Financial Education, and Cancer Screening Behavior: Evidence from Japan, International Journal of Environmental Research and Public Health: Health Economics, 2022, 19 (8), 4457
• Yuktadatta, P., Ono, S., Khan, M.S.R., & Kadoya, Y. Satisfaction with the COVID-19 economic stimulus policy: A study of the special cash payment policy for residents of Japan, Sustainability, 2022, 14 (6), 3401
• Kadoya, Y., Rabbani, N., & Khan, M.S.R. Insurance literacy among older people in Japan: The role of socio-economic status, Journal of Consumer Affairs, 2022, 56 (2), 788- 805
• Khan, M.S.R., Rabbani, N., & Kadoya, Y.
  Can financial literacy explain lack of investment in risky assets in Japan?, Sustainability, 2021, 13 (22), 12616
• Khan, M.S.R., Watanapongvanich, S., & Kadoya, Y. COVID-19 Vaccine hesitancy among the younger generation in Japan, International Journal of Environmental Research and Public Health, 2021, 18 (21), 11702
• Yuktadatta, P., Khan, M.S.R., & Kadoya, Y. Financial Literacy and Exercise Behavior in the United States, Sustainability, 2021, 13 (16), 9452
• Putthinun, P., Watanapongvanich, S., Khan, M.S.R., & Kadoya, Y. Financial Literacy and Alcohol Drinking Behavior: Evidence from Japan, Sustainability 2021, 13 (16), 8858
• Khan, M.S.R. & Kadoya, Y. Loneliness during the COVID-19 pandemic: Are older people at higher risk?, International Journal of Environmental Research and Public Health  2021, 18 (15), 7871
• Kadoya, Y., Khan, M.S.R., Narumoto, J., & Watanabe, S. Who is next? A study on victims of financial fraud in Japan, Frontiers in Psychology  forthcoming
• Khan, M.S.R., Watanapongvanich, S., & Kadoya, Y. Family caregiving attitudes: Implications for post-pandemic eldercare in Japan,
  Gérontologie et société 2021, 43 (165), 1-18
• Kadoya, Y., Watanapongvanich, S., Yuktadatta, P., Putthinun, P., Lartey, S.T., & Khan, M.S.R., Willing or hesitant? A socio-economic study on the potential acceptance of COVID-19 vaccine in Japan, International Journal of Environmental Research and Public Health 2021, 18 (9), 4846
• Kadoya, Y., Watanapongvanich, S., & Khan, M.S.R., How is emotion associated with driving speed? A study on taxi drivers in Japan,
  Transportation Research (F): Traffic Psychology and Behaviour  2021, 79 (May), 205-216
• Watanapongvanich, S., Khan, M.S.R., Putthinun, P., Ono, S., & Kadoya, Y. Financial Literacy and Gambling Behavior in the United States, Journal of Gambling Studies forthcoming
• Ono, S., Yuktadatta, P., Taniguchi, T., Iitsuka, T., Noguchi, M., Tanaka, S., Ito, H., Nakamura, K., Yasuhara, N., Miyawaki, C., Mikura, K., Khan, M.S.R., & Kadoya, Y. Financial Literacy and Exercise Behavior: Evidence from Japan, Sustainability 2021, 13 (8), 4189
• Oba, H., Kadoya, Y., Okamoto, H., Matsuoka, T., Abe, Y., Shibata, K., & Narumoto, J. The economic burden of dementia: Evidence from a survey of households of people with dementia and their caregivers, International Journal of Environmental Research and Public Health 2021, 18 (5), 2717
• Khan, M.S.R., Putthinun, P., Watanapongvanich, S., Yuktadatta, P., Uddin, M.A., & Kadoya, Y. Do Financial Literacy and Financial Education Influence Smoking Behavior in the United States?, International Journal of Environmental Research and Public Health 2021, 18 (5), 2579
• Watanapongvanich, S., Khan, M.S.R., Putthinun, P., Ono, S., & Kadoya, Y. Financial Literacy, Financial Education, and Smoking Behavior: Evidence from Japan, Frontiers in Public Health: Health Economics 2021, 8, 612976
• Khan, M.S.R., Rabbani, N. & Kadoya, Y. Is financial literacy associated with investment in financial markets in the United States?,  Sustainability 2020, 12 (18), 7370
• Kadoya, Y., Khan, M.S.R. & Yamane, T. Government’s Stimulus Program to Boost Consumer Spending: A Case of Discount Shopping Coupon Scheme in Japan,  Sustainability 2020, 12 (9), 3906
• Kadoya, Y., & Khan, M.S.R. Financial Literacy in Japan: New Evidence Using Financial Knowledge, Behavior, and Attitude,  Sustainability 2020, 12 (9), 3683
• Watanapongvanich, S., Binnagan, P., Putthinun, P., Khan, M.S.R.,& Kadoya, Y. Financial Literacy and Gambling Behavior: Evidence from Japan, Journal of Gambling Studies 2021, 37, 445-465
• Kadoya, Y., Khan, M.S.R., Watanapongvanich, S., & Binnagan, P. Emotional status and productivity: Evidence from the special economic zone in Laos, Sustainability 2020, 12 (4), 1544
• Kadoya, Y., Khan, M.S.R., Oba, H., & Narumoto, J. Factors affecting knowledge about the adult guardianship and civil trust systems: Evidence from Japan, Journal of Women and Aging forthcoming
• Onphanhdala, P., Philavong, V., Kadoya, Y. & Khan, M.S.R. Access to Antenatal Care in Lao PDR: Analysis Using National Level Survey,  Asian Economic Journal 2020, 34 (3), 327-349
• Kadoya, Y. & Khan, M.S.R. What Determines Financial Literacy in Japan?, Journal of Pension Economics & Finance 2020, 19 (3), 353-371
• Kadoya, Y., Khan, M.S.R., & Yamane, T. The Rising Phenomenon of Financial Scams: Evidence from Japan,  Journal of Financial Crime 2020, 27 (2), 387-396
• Oba, H., Kadoya, Y., Matsuoka, T., & Narumoto, J. Cognitive decline reduces household spending among older people,  Psychogeriatrics 2020, 20 (1), 28-34
• Kadoya, Y. & Khan, M.S.R. Gender differences in the long-term care of older parents: Evidence from India Journal of Family Studies 2019, 25 (4), 411-426.
• Kadoya, Y., Khan, M.S.R., Hamada, T., & Dominguez, A. Financial literacy and anxiety about life in old age: Evidence from the USA, Review of Economics of the Household 2018, 16(3), 859-878.
• Kadoya, Y., Khan, M.S.R., & Sano, Y. Effects of China’s One-Child Policy on Group Cooperation: Survey Evidence, Journal of the Asia Pacific Economy 2018, 23(3), 327-339.
• Kadoya, Y. & Khan, M.S.R. Can financial literacy reduce anxiety about life in old age? (DP version), Journal of Risk Research 2018, 21(12), 1533-1550.
• Kadoya, Y. & Khan, M.S.R. Can Concern for the Long-term Care of Elderly Parents Explain Son Preference at Birth in India? Journal of Women and Aging 2017, 29 (3), 254-266.
• Kadoya, Y. What makes anxious about life after the age of 65? Evidence from international survey research in Japan, the United States, China, and India, (DP version) Review of Economics of the Household, 2016, 14 (2), 443-461
• Green, D., & Kadoya, Y . Contact and Threat: Factors Affecting Views toward Increasing Immigrants in Japan (DP version), Politics and Policy, 2015, 43 (1), 59-93.
• Kadoya, Y. , & Yin, T. Widow Discrimination and Family Care-Giving in India: Evidence from Micro Data Collected From Six Major Cities (DP version), Journal of Women and Aging2015, 27 (1), 59-67.
• Kadoya, Y. & Yin, T . . Who will care for older people in China? Exploring the implications of gender imbalance at birth (DP version), Working with Older People, 2014, 18 (2), 97-105.
• Kadoya, Y. . Towards an Age-Friendly City: The Constraints Preventing the Elderly’s Participation in Community Programs in Akita City (DP version), Working with Older People, 2013, 17 (3), 101-108.
• Kadoya, Y. Managing the Long-Term Care Market: The Constraints of Service Quality Improvement. Japanese Journal of Health Economics and Policy 2010; 21 (E1): 247-.264.

Books

• Kadoya, Y. Human Services and Long-Term Care: A Market Model, Routledge, 2018, 1-184. typos
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Group Authored Books

Watanapongvanich, S., Khan, M.S.R., Putthinun, P., Ono, S., & Kadoya, Y. “Financial Literacy, Financial Education, and Smoking Behavior: Evidence from Japan”, in Mihajlo Jakovlijevic & Seiritsu Ogura (Eds), Insights in Health Economics: 2021, Frontiers, Chapter 2, pp. 18- 34, 2022.

Working papers

• Kadoya, Y., Khan, M.S.R. Explaining Financial Literacy in Japan: New Evidence Using Financial Knowledge, Behavior, and Attitude, SSRN Discussion Paper, 2017.
• Kadoya, Y., Khan, M.S.R., & Rabbani, N. Does Financial Literacy Affect Stock Market Participation?, SSRN Discussion Paper, 2017.
• Kadoya, Y.  & Khan, M.S.R. What Determines Financial Literacy in Japan?, ISER Discussion Paper, 2016: 982.
• Kadoya, Y. & Khan, M.S.R. The Role of Gender in Long-Term Care for Older Parents: Evidnce from India, Econ Research Center Discussion Paper, 2015: E14-15.
• Kadoya, Y. & Bryer, P. Chinese Business Ethics and Regional Differences: Evidence from Micro-data in Six Major Cities, Econ Research Center Discussion Paper, 2014: E14-8.
• Kadoya, Y . & Sano, Y. Are Chinese Workers From the One-Child Policy Generation Selfish In a Group? Evidence From Worker Surveys In Six Major Cities, ISER Discussion Paper, 2014: 900.
• Kadoya, Y . & Green, D. Family Care-Giving and Religion: Evidence from Micro-Data in the United States, ISER Disucussion Paper, 2013: 880.
• Kadoya, Y. Ensuring the Service Quality of Long-Term Care Provided through Competitive Markets: The Experience of Care Workers’ Training in Japan, ISER Discussion Paper 2012: 831

Other Papers

• Sato, M. & Kadoya, Y. UXO clearance operation in Laos, SPIE Proceedings, 2018, 10628: 1-12.
• Kadoya, Y.  & Khan, M.S.R. Financial literacy reduces late-life anxiety, VOX EU, 01 October 2016.
• Green, D & Kadoya Y. How contact and English profeciency can help Japan’s immigration policy East Asia Forum 2015, March 25

Awards & Recognitions

• Paper got Selected for “Insights in Health Economics:2021”
• Invited Speaker & Panelist, the Ministry of National Development Planning, the Republic of Indonesia International Webinar “Preparing Indonesia to Expand Silver Economy,” 2020
• Most Notable Articles, Sustainability (IF=2.592), January-March, 2020
• Invited Discussant, ADBI Annual Conference: Financial Inclusion, Financial Education, and Fintech, 2019
• Invited Discussant, ADBI Annual Conference: Financial Inclusion, Financial Education, and Fintech, 2019
• Invitee, G20 High-Level Symposium on Aging and Financial Inclusion, 2019
• The Distinguished Researcher of Hiroshima University, 2018
• The President Award of Hiroshima University, 2018
• Keynote Speaker, The 3rd Anniversary of the School of Social Innovation and Launch of the Asian Research Center for International Development, Mae Fah Luang University, 2017
• Best Authorship Award, by the Public Policy Studies Association Japan (PPSAJ), 2017
• Invited Speaker, ADBI-SBV Workshop: Catalyzing Financial Inclusion in Asia Through Financial Literacy and Consumer Protection, 2017
• Invited Discussant, ADBI-AGI Workshop on Aging in Asia, 2016
• Invited Guest Speaker, National Health Security Office (NHSO), Government of Thailand, 2014
• Invited Speaker, JSPS US Alumni the 3rd Multidisciplinary Science Forum, 2013
• Participant (Reseracher), German-Japanese Young Leaders Forum, 2012
• Predoctoral Award, University & Sydney. 2010
• PhD Full Scholarship, University of Sydney, 2007-2010
• Ono Azusa Memorial Scholarhip, Waseda University, 2005-2006
• OSP Mecenat Scholarship, Waseda University, 2005-2007
• Participant, The 21st Century Renaissance Young Leaders Invitation Program (sponsored by Government of Japan), 2001
• Participant, The Ship for World Youth Program (sponsored by Government of Japan and supported by the United Nations University), 2000

Grant

• Japan Society for the Promotion of Science (JSPS, KAKEN)
•   ・Grant-in-Aid for Challenging Research (Exploratory) 2024-2027 (PI)
•   ・Grant-in-Aid for Scientific Research (B) 2023-2027 (PI)
•   ・Invitational Fellowship for Research in Japan 2020 (Host PI)
•   ・Grant-in-Aid for Early-Career Scientists 2019-2023 (PI)
•   ・Bilateral Joint Research Project (Open Pertnership: Lao PDR) 2017-2019 (PI)
•   ・Fund for the Promotion of Joint International Research 2016-2020 (PI)
•   ・Grant-in-Aid for Young Scientists (B) 2015-2019 (PI)
•   ・Publication of Scientific Research 2015-2016 (PI)
• Japan Science and Technology Agency (JST)
•   ・RISTEX Scam Crime Prevention Research 2015-2019 (Co-investigator: Leader for Demographic Analysis)
•   ・RISTEX PPMELT 2015-2019 (Co-investigator: Group Leader for economic ripple effects research)
• Cabinet Office
•   ・Cross-ministerial Strategic Innovation Promotion Program 2023-2027 (Co-investigator)
• Private Grants
•   ・Japanese Bankers Association (The Zengin Foundation) Research Grant 2024-2026 (PI)

　　　　

•   ・Japanese Bankers Association (The Zengin Foundation) Research Grant 2021-2022 (PI)
•   ・The Chugoku Regional Economic Research Association Grant 2021-2023 (PI)
•   ・The Chugoku Regional Economic Research Association Grant 2019-2021 (PI)
•   ・Japanese Bankers Association (The Zengin Foundation) Research Grant 2019-2020 (PI)
•   ・Japanese Bankers Association (The Zengin Foundation) Research Grant 2016-2017 (PI)
•   ・The Chugoku Regional Economic Research Association Grant 2016-2018 (PI)
•   ・The Murata Science Foundation Research Grant 2015 (PI)
•   ・The Nitto Foundation Research Grant 2014 (PI)
•   ・Japan Institute of Life Insurance Research Grant 2014-2015 (PI)
•   ・Japanese Bankers Association (The Zengin Foundation) Research Grant 2013-2014 (PI)
• Overseas Grants
•   ・University of Sydney Predoctral Research Grant 2011 (PI)

Referee Services

• Financial Research Letters
• Economic Analysis and Policy
• Review of Economics of the Household
• Review of Economics of the Household: COVID19 and Economics of the Household
• Social Science & Medicine: Population Health
• Frontiers in Public Health
• The Quarterly Review of Economics and Finance
• Medical Decision Making
• Behavioral Sciences
• Quantitative Finance and Economics
• International Journal of Environmental Research and Public Health
• Review of Development Economics
• Journal of Risk and Financial Management
• Singapore Economic Review
• International Journal of Healthcare Quality Assurance
• Ageing and Society
• Japan & the World Economy
• Journal of the Japanese and International Economies
• Economic Modelling
• Personality and Individual Differences
• Heliyon
• Current Oncology
• Cogent Psychology
• Covid
• The Quarterly of Social Security Research
• Sustainability
• Science Committee Member for the 10th World Congress in Health Economics, Dublin 2014
• Japanese Journal of Health Economics and Policy
• Program Committee Member for the 15th Annual Conference of Japan Health Economics Association (JHEA)