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Financial education: Determinant of retirement planning in malaysia

Author

Listed:
  • Jee Yoong FOLK

    (Institute of Post Graduate Studies, University of Malaya, Malaysia)

  • Loo See BEH

    (Faculty of Economics and Administration, University of Malaya, Malaysia)

  • Diana-Lea BARANOVICH

    (Faculty of Education, University of Malaya)

Abstract

This paper examined the influence of financial learning on retirees’ retirement financial planning preparation. 750 questionnaires were distributed with a 53.9% return rate. Three hypotheses were analyzed using hierarchical regression analysis. The results revealed that some mediating effect existed between financial learning and behavioral assessment of personal finance, and that the older age groups had mediating effect on the relationship between financial learning and subjective perception of satisfaction with personal finance. Within this context, respondents were satisfied with their financial situation from the behavioral assessment of personal finances, subjective perception and perceived financial well-being perspective.

Suggested Citation

  • Jee Yoong FOLK & Loo See BEH & Diana-Lea BARANOVICH, 2012. "Financial education: Determinant of retirement planning in malaysia," E3 Journal of Business Management and Economics., E3 Journals, vol. 3(2), pages 069-078.
    • Handle: RePEc:etr:series:v:3:y:2012:i:2:p:069-078
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    Citations

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    Cited by:

    1. Yiing Jia Loke, 2015. "Financial Knowledge and Behaviour of Working Adults in Malaysia," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 9(1), pages 18-38, February.
    2. Zaimah Ramli & Henry Borromeo Anak Nyirop & Sarmila Md Sum & Abd Hair Awang, 2022. "The Impact of Financial Shock, Behavior, and Knowledge on the Financial Fragility of Single Youth," Sustainability, MDPI, vol. 14(8), pages 1-13, April.
    3. Nik Hazimi Mohammed Foziah & Puspa Liza Ghazali & Mustafa Mamat & Fauzilah Salleh & Saiful Bahri Mohamed, 2017. "Mathematical Analysis of Retirement Income Benefit Based on Annuitization Approach," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(7), pages 865-871, July.

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