Determinants of retirement savings

Global demographic changes and retirement savings adequacy have emphasised on voluntary pension as a new paradigm for the retirement system. This has led to many types of research pertaining to the development of the private retirement system. The effort was followed by making the mandatory Second P...

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Main Authors: Yusof, Radduan, Sabri, Mohamad Fazli
Format: Article
Language:English
Published: Malaysian Consumer and Family Economics Association 2017
Online Access:http://psasir.upm.edu.my/id/eprint/14018/1/Determinants%20of%20retirement%20savings.pdf
http://psasir.upm.edu.my/id/eprint/14018/
http://www.majcafe.com/2018/07/30/vol-20-2017-edition-2/
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spelling my.upm.eprints.140182018-09-04T07:57:25Z http://psasir.upm.edu.my/id/eprint/14018/ Determinants of retirement savings Yusof, Radduan Sabri, Mohamad Fazli Global demographic changes and retirement savings adequacy have emphasised on voluntary pension as a new paradigm for the retirement system. This has led to many types of research pertaining to the development of the private retirement system. The effort was followed by making the mandatory Second Pillar and voluntary Third Pillar of the social security system as more financially sound and important. This is to encourage contributors to the retirement fund to switch focus from a less generous pension-guaranteed-defined benefit system to a more individualistic-defined contribution plan. This review article collected, compiled, and reviewed selected articles on the determinants of retirement savings and planning. It was sourced from several electronic databases in an attempt to group the determinants into different categories. The input from the reviews was then categorised into economics, socioeconomics, and non-economics sub-categorical behavioural, psychological, and demographic determinants and its application, as reported in researches pertaining to retirement savings and planning of the near decade. Some suggestions were made in light of the analysis. Malaysian Consumer and Family Economics Association 2017 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/14018/1/Determinants%20of%20retirement%20savings.pdf Yusof, Radduan and Sabri, Mohamad Fazli (2017) Determinants of retirement savings. Malaysian Journal of Consumer and Family Economics, 20 (spec.2). pp. 168-183. ISSN 1511-2802 http://www.majcafe.com/2018/07/30/vol-20-2017-edition-2/
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description Global demographic changes and retirement savings adequacy have emphasised on voluntary pension as a new paradigm for the retirement system. This has led to many types of research pertaining to the development of the private retirement system. The effort was followed by making the mandatory Second Pillar and voluntary Third Pillar of the social security system as more financially sound and important. This is to encourage contributors to the retirement fund to switch focus from a less generous pension-guaranteed-defined benefit system to a more individualistic-defined contribution plan. This review article collected, compiled, and reviewed selected articles on the determinants of retirement savings and planning. It was sourced from several electronic databases in an attempt to group the determinants into different categories. The input from the reviews was then categorised into economics, socioeconomics, and non-economics sub-categorical behavioural, psychological, and demographic determinants and its application, as reported in researches pertaining to retirement savings and planning of the near decade. Some suggestions were made in light of the analysis.
format Article
author Yusof, Radduan
Sabri, Mohamad Fazli
spellingShingle Yusof, Radduan
Sabri, Mohamad Fazli
Determinants of retirement savings
author_facet Yusof, Radduan
Sabri, Mohamad Fazli
author_sort Yusof, Radduan
title Determinants of retirement savings
title_short Determinants of retirement savings
title_full Determinants of retirement savings
title_fullStr Determinants of retirement savings
title_full_unstemmed Determinants of retirement savings
title_sort determinants of retirement savings
publisher Malaysian Consumer and Family Economics Association
publishDate 2017
url http://psasir.upm.edu.my/id/eprint/14018/1/Determinants%20of%20retirement%20savings.pdf
http://psasir.upm.edu.my/id/eprint/14018/
http://www.majcafe.com/2018/07/30/vol-20-2017-edition-2/
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score 13.1944895