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Retirement Planning: A Literature Review

In: Contemporary Issues in Behavioral Finance

Author

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  • Sara Pavia
  • Simon Grima

Abstract

The authors herein carry out a literature review of retirement planning and highlights that proper retirement planning starts by looking at the level of income an individual is likely to continue receiving at retirement if they were to take no action, then comparing this to what they would need to lead the lifestyle they desire. The authors review the traditional economic theories that many are accustomed to when interpreting financial matters (i.e., rational behavior) and compares this to the various studies and articles found in literature. The authors then dig into retirement planning in Malta and the behavioral obstacles to proper planning and how these are tackled in different European countries.

Suggested Citation

  • Sara Pavia & Simon Grima, 2019. "Retirement Planning: A Literature Review," Contemporary Studies in Economic and Financial Analysis, in: Contemporary Issues in Behavioral Finance, volume 101, pages 97-138, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:csefzz:s1569-375920190000101008
    DOI: 10.1108/S1569-375920190000101008
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    Cited by:

    1. Beata Swiecka & Eser Yeşildağ & Ercan Özen & Simon Grima, 2020. "Financial Literacy: The Case of Poland," Sustainability, MDPI, vol. 12(2), pages 1-17, January.

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