2022_Modelling Voluntary Saving Decision for Future Retirement Among Teachers in Kelantan, Malaysia
| Format: | General Document |
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| _version_ | 1860798052023926784 |
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| building | INTELEK Repository |
| collection | Online Access |
| collectionurl | https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection3 |
| copyright | Copyright©PWB2025 |
| country | Malaysia |
| date | 2022-07-14 |
| format | General Document |
| id | 15647 |
| institution | UniSZA |
| internalnotes | Sila masukkan subject wajib Dissertations, Academic. Terima kasih... |
| originalfilename | MODELLING VOLUNTARY SAVING DECISION FOR FUTURE RETIREMENT AMONG TEACHERS IN KELANTAN, MALAYSIA (PHD_2022).pdf |
| person | Julaina Binti Baistaman |
| recordtype | oai_dc |
| resourceurl | https://intelek.unisza.edu.my/intelek/pages/view.php?ref=15647 |
| sourcemedia | Server storage Scanned document |
| spelling | 15647 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=15647 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection3 General Document Malaysia Library Staff (Top Management) Library Staff (Management) Library Staff (Support) Terengganu Faculty of Business and Management English application/pdf 1.5 Server storage Scanned document Universiti Sultan Zainal Abidin UniSZA Private Access Universiti Sultan Zainal Abidin SAMBox 2.3.4; modified using iTextSharp™ 5.5.10 ©2000-2016 iText Group NV (AGPL-version) Copyright©PWB2025 2022-07-14 339 MODELLING VOLUNTARY SAVING DECISION FOR FUTURE RETIREMENT AMONG TEACHERS IN KELANTAN, MALAYSIA (PHD_2022).pdf Julaina Binti Baistaman Voluntary Saving Decision Future Retirement Teachers In Kelantan, Malaysia Retirement planning – Teachers – Malaysia – Kelantan Personal finance – Educators Pension plans – Teachers Retirement security – Financial literacy Savings behavior – Public sector employees 2022_Modelling Voluntary Saving Decision for Future Retirement Among Teachers in Kelantan, Malaysia Many countries around the world are now experiencing an aging population trend, including Malaysia. Most Malaysians do not have adequate savings to live after retirement. Insufficient savings among Malaysians have become a primary concern for the country. The increasing aging population projects a great dependency rate on the government, as the elderly rely on the government for pension and medical care. The public system also suffers from an unsustainable increase in future government liabilities. Hence, the government in many countries has made various reforms to their pension system. Therefore, the central problem to be researched is the issue of retirement preparedness through the willingness to save voluntarily for the future. Grounded by the Theory of Planned Behavior (TPB), the purpose of this study was to examine the voluntary saving decision of Malaysian Working Adults (MWAs). The exogenous constructs in this study were financial literacy and social influence, while the endogenous construct was the voluntary saving decision. This study had two mediators, namely financial attitude and financial planning. A total of 384 teachers from secondary schools in Kelantan participated in this study. Data were collected through a self-administered survey questionnaire. Structural Equation Modeling (SEM) was the main statistical technique employed in this study. Findings showed that social influence was the strongest influence on financial attitude and financial attitude had a significant effect on financial retirement planning (FRP). Financial retirement planning had a significant influence on the voluntary saving decision. As for testing mediators, the study found financial attitude partially mediated the relationship between financial literacy and financial planning. The study also found financial attitude fully mediated the relationship between social influence and financial planning. Another mediator, financial planning also fully mediated the relationship between financial literacy and voluntary saving decision. The structural model indicates that the voluntary saving decision construct has 52% of total variance explained by financial literacy, social influence, financial attitude, and financial retirement planning. This study has made significant contributions to the theory by modeling school teachers’ voluntary saving decision using the constructs of financial literacy, social influence, financial attitude, and financial planning that industry players and academicians could utilize. Dissertations, Academic Sila masukkan subject wajib Dissertations, Academic. Terima kasih... Thesis |
| spellingShingle | 2022_Modelling Voluntary Saving Decision for Future Retirement Among Teachers in Kelantan, Malaysia |
| state | Terengganu |
| subject | Retirement planning – Teachers – Malaysia – Kelantan Personal finance – Educators Pension plans – Teachers Retirement security – Financial literacy Savings behavior – Public sector employees Dissertations, Academic |
| summary | Many countries around the world are now experiencing an aging population trend, including Malaysia. Most Malaysians do not have adequate savings to live after retirement. Insufficient savings among Malaysians have become a primary concern for the country. The increasing aging population projects a great dependency rate on the government, as the elderly rely on the government for pension and medical care. The public system also suffers from an unsustainable increase in future government liabilities. Hence, the government in many countries has made various reforms to their pension system. Therefore, the central problem to be researched is the issue of retirement preparedness through the willingness to save voluntarily for the future. Grounded by the Theory of Planned Behavior (TPB), the purpose of this study was to examine the voluntary saving decision of Malaysian Working Adults (MWAs). The exogenous constructs in this study were financial literacy and social influence, while the endogenous construct was the voluntary saving decision. This study had two mediators, namely financial attitude and financial planning. A total of 384 teachers from secondary schools in Kelantan participated in this study. Data were collected through a self-administered survey questionnaire. Structural Equation Modeling (SEM) was the main statistical technique employed in this study. Findings showed that social influence was the strongest influence on financial attitude and financial attitude had a significant effect on financial retirement planning (FRP). Financial retirement planning had a significant influence on the voluntary saving decision. As for testing mediators, the study found financial attitude partially mediated the relationship between financial literacy and financial planning. The study also found financial attitude fully mediated the relationship between social influence and financial planning. Another mediator, financial planning also fully mediated the relationship between financial literacy and voluntary saving decision. The structural model indicates that the voluntary saving decision construct has 52% of total variance explained by financial literacy, social influence, financial attitude, and financial retirement planning. This study has made significant contributions to the theory by modeling school teachers’ voluntary saving decision using the constructs of financial literacy, social influence, financial attitude, and financial planning that industry players and academicians could utilize. |
| title | 2022_Modelling Voluntary Saving Decision for Future Retirement Among Teachers in Kelantan, Malaysia |
| title_full | 2022_Modelling Voluntary Saving Decision for Future Retirement Among Teachers in Kelantan, Malaysia |
| title_fullStr | 2022_Modelling Voluntary Saving Decision for Future Retirement Among Teachers in Kelantan, Malaysia |
| title_full_unstemmed | 2022_Modelling Voluntary Saving Decision for Future Retirement Among Teachers in Kelantan, Malaysia |
| title_short | 2022_Modelling Voluntary Saving Decision for Future Retirement Among Teachers in Kelantan, Malaysia |
| title_sort | 2022_modelling voluntary saving decision for future retirement among teachers in kelantan, malaysia |