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

• 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/

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...