Cover Image

Moving up the savings hierarchy: examining savings motives of older Malay Muslim

Continuation ratio analysis of data from the 2004 Economic and Financial Aspects of Aging in Malaysia was conducted to assess likelihood of Malay Muslims aged 55–75 moving up in a hierarchical model of savings motives. Results indicate that more than half of older Malay Muslim has no savings. Many a...

Full description

Saved in:
Bibliographic Details
Main Authors: Haron, Sharifah Azizah, Sharpe, Deanna L., Abdel-Ghany, Mohamed, Masud, Jariah
Format: Article
Language:English
Published: Springer 2013
Online Access:http://psasir.upm.edu.my/id/eprint/28169/1/Moving%20up%20the%20savings%20hierarchy.pdf
http://psasir.upm.edu.my/id/eprint/28169/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.upm.eprints.28169
record_format eprints
spelling my.upm.eprints.281692015-09-11T02:21:34Z http://psasir.upm.edu.my/id/eprint/28169/ Moving up the savings hierarchy: examining savings motives of older Malay Muslim Haron, Sharifah Azizah Sharpe, Deanna L. Abdel-Ghany, Mohamed Masud, Jariah Continuation ratio analysis of data from the 2004 Economic and Financial Aspects of Aging in Malaysia was conducted to assess likelihood of Malay Muslims aged 55–75 moving up in a hierarchical model of savings motives. Results indicate that more than half of older Malay Muslim has no savings. Many are barely surviving economically. Family size, educational level, health perception, income quintiles and income adequacy were important predictors of advancing from a lower level to a higher level in the savings motive hierarchy. Saving for Hajj was an important self-actualization savings motive. Springer 2013 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/28169/1/Moving%20up%20the%20savings%20hierarchy.pdf Haron, Sharifah Azizah and Sharpe, Deanna L. and Abdel-Ghany, Mohamed and Masud, Jariah (2013) Moving up the savings hierarchy: examining savings motives of older Malay Muslim. Journal of Family and Economic Issues, 34 (3). pp. 314-328. ISSN 1058-0476; ESSN: 1573-3475 10.1007/s10834-012-9333-0
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 Continuation ratio analysis of data from the 2004 Economic and Financial Aspects of Aging in Malaysia was conducted to assess likelihood of Malay Muslims aged 55–75 moving up in a hierarchical model of savings motives. Results indicate that more than half of older Malay Muslim has no savings. Many are barely surviving economically. Family size, educational level, health perception, income quintiles and income adequacy were important predictors of advancing from a lower level to a higher level in the savings motive hierarchy. Saving for Hajj was an important self-actualization savings motive.
format Article
author Haron, Sharifah Azizah
Sharpe, Deanna L.
Abdel-Ghany, Mohamed
Masud, Jariah
spellingShingle Haron, Sharifah Azizah
Sharpe, Deanna L.
Abdel-Ghany, Mohamed
Masud, Jariah
Moving up the savings hierarchy: examining savings motives of older Malay Muslim
author_facet Haron, Sharifah Azizah
Sharpe, Deanna L.
Abdel-Ghany, Mohamed
Masud, Jariah
author_sort Haron, Sharifah Azizah
title Moving up the savings hierarchy: examining savings motives of older Malay Muslim
title_short Moving up the savings hierarchy: examining savings motives of older Malay Muslim
title_full Moving up the savings hierarchy: examining savings motives of older Malay Muslim
title_fullStr Moving up the savings hierarchy: examining savings motives of older Malay Muslim
title_full_unstemmed Moving up the savings hierarchy: examining savings motives of older Malay Muslim
title_sort moving up the savings hierarchy: examining savings motives of older malay muslim
publisher Springer
publishDate 2013
url http://psasir.upm.edu.my/id/eprint/28169/1/Moving%20up%20the%20savings%20hierarchy.pdf
http://psasir.upm.edu.my/id/eprint/28169/
_version_ 1643829387140792320
score 13.18916

Similar Items