Financial education: Determinant of retirement planning in malaysia

Jee Yoong Folk, Loo See Beh and Diana-Lea Baranovich
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Jee Yoong Folk: Institute of Post Graduate Studies, University of Malaya, Malaysia
Loo See Beh: Faculty of Economics and Administration, University of Malaya, Malaysia
Diana-Lea Baranovich: Faculty of Education, University of Malaya

E3 Journal of Business Management and Economics., 2012, vol. 3, issue 2, 069-078

Abstract: This paper examined the influence of financial learning on retirees’ retirement financial planning preparation. 750 questionnaires were distributed with a 53.9% return rate. Three hypotheses were analyzed using hierarchical regression analysis. The results revealed that some mediating effect existed between financial learning and behavioral assessment of personal finance, and that the older age groups had mediating effect on the relationship between financial learning and subjective perception of satisfaction with personal finance. Within this context, respondents were satisfied with their financial situation from the behavioral assessment of personal finances, subjective perception and perceived financial well-being perspective.

Keywords: Economic well-being; Financial planning; Financial education; Literacy (search for similar items in EconPapers)
Date: 2012-02
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