Examining withdrawal in Employee Provident Fund and its impact on savings

• Main Authors: Jaafar, Noor Ismawati Mohd, Awang, Halimah, Mansor, Norma, Jani, Rohana, Abd Rahman, Nur Hairani
• Format: Article
• Published: Springer 2021
• Subjects: HG Finance; Personal finance; HM Sociology; HN Social history and conditions. Social problems. Social reform
• Online Access: http://eprints.um.edu.my/35678/; https://www.scopus.com/inward/record.uri?eid=2-s2.0-85082832862&doi=10.1007%2fs12126-020-09369-8&partnerID=40&md5=05348e519bc4fb39b50322940e7bb265

While the establishment of provident fund is mainly to ensure retirees to be financially secured in old age, pre-retirement withdrawals are commonly permitted for various purposes. These withdrawals had been identified as one of the main causes for low accumulated savings. Using a longitudinal admin...