An analysis of socio-economic determinants affecting retirement adjustment and life satisfaction among public retirees in the Klang Valley
Malaysia is projected to become an ageing nation by 2045. Given this unfavourable demographic trend, this ageing phenomenon poses a number of socio-economic challenges as longevity rises over time and lengthens the time spent in retirement. Using the Structural Equation Modelling (SEM), the objectiv...
| Main Authors: | , , , |
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| Format: | Article |
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Universiti Putra Malaysia
2023
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| Online Access: | http://psasir.upm.edu.my/id/eprint/106534/ |
| _version_ | 1848864777979297792 |
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| author | Abdul Jakit, Fathin Hanani Abd. Ghani, Judhiana Ab. Hamid, Tengku Aizan Mazlan, Nur Syazwani |
| author_facet | Abdul Jakit, Fathin Hanani Abd. Ghani, Judhiana Ab. Hamid, Tengku Aizan Mazlan, Nur Syazwani |
| author_sort | Abdul Jakit, Fathin Hanani |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | Malaysia is projected to become an ageing nation by 2045. Given this unfavourable demographic trend, this ageing phenomenon poses a number of socio-economic challenges as longevity rises over time and lengthens the time spent in retirement. Using the Structural Equation Modelling (SEM), the objective of this study was to determine the socio-economic factors affecting the retirement adjustment and subsequently examine the impact of those factors on life satisfaction among public retirees during their retirement. Despite the common beliefs, retirement is associated with productive aging rather than being a burden on society and the country. This study employed secondary data from a survey of public retirees in Malaysia's largest urbanised region, the Klang Valley, which represented 23 of all public retirees in the country from October 2017 to February 2018. The results show that income, healthcare, and retirement readiness have significant impacts on retirement adjustment, which in turn partially mediates life satisfaction. The findings are expected to support the policymakers in developing a retirement framework that prioritises the needs of Malaysian retirees. Policymakers should consider marketing strategies that utilise the right communication tools, visuals, and consistent language to ensure that public retirees adjust effectively during the retirement phase and pursue a greater sense of life satisfaction. |
| first_indexed | 2025-11-15T13:54:13Z |
| format | Article |
| id | upm-106534 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-15T13:54:13Z |
| publishDate | 2023 |
| publisher | Universiti Putra Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1065342024-08-12T07:06:50Z http://psasir.upm.edu.my/id/eprint/106534/ An analysis of socio-economic determinants affecting retirement adjustment and life satisfaction among public retirees in the Klang Valley Abdul Jakit, Fathin Hanani Abd. Ghani, Judhiana Ab. Hamid, Tengku Aizan Mazlan, Nur Syazwani Malaysia is projected to become an ageing nation by 2045. Given this unfavourable demographic trend, this ageing phenomenon poses a number of socio-economic challenges as longevity rises over time and lengthens the time spent in retirement. Using the Structural Equation Modelling (SEM), the objective of this study was to determine the socio-economic factors affecting the retirement adjustment and subsequently examine the impact of those factors on life satisfaction among public retirees during their retirement. Despite the common beliefs, retirement is associated with productive aging rather than being a burden on society and the country. This study employed secondary data from a survey of public retirees in Malaysia's largest urbanised region, the Klang Valley, which represented 23 of all public retirees in the country from October 2017 to February 2018. The results show that income, healthcare, and retirement readiness have significant impacts on retirement adjustment, which in turn partially mediates life satisfaction. The findings are expected to support the policymakers in developing a retirement framework that prioritises the needs of Malaysian retirees. Policymakers should consider marketing strategies that utilise the right communication tools, visuals, and consistent language to ensure that public retirees adjust effectively during the retirement phase and pursue a greater sense of life satisfaction. Universiti Putra Malaysia 2023 Article PeerReviewed Abdul Jakit, Fathin Hanani and Abd. Ghani, Judhiana and Ab. Hamid, Tengku Aizan and Mazlan, Nur Syazwani (2023) An analysis of socio-economic determinants affecting retirement adjustment and life satisfaction among public retirees in the Klang Valley. International Journal of Economics and Management, 17 (2). 177 - 195. ISSN 1823-836X; ESSN: 2600-9390 http://www.ijem.upm.edu.my/vol17no2.htm 10.47836/ijeam.17.2.03 |
| spellingShingle | Abdul Jakit, Fathin Hanani Abd. Ghani, Judhiana Ab. Hamid, Tengku Aizan Mazlan, Nur Syazwani An analysis of socio-economic determinants affecting retirement adjustment and life satisfaction among public retirees in the Klang Valley |
| title | An analysis of socio-economic determinants affecting retirement adjustment and life satisfaction among public retirees in the Klang Valley |
| title_full | An analysis of socio-economic determinants affecting retirement adjustment and life satisfaction among public retirees in the Klang Valley |
| title_fullStr | An analysis of socio-economic determinants affecting retirement adjustment and life satisfaction among public retirees in the Klang Valley |
| title_full_unstemmed | An analysis of socio-economic determinants affecting retirement adjustment and life satisfaction among public retirees in the Klang Valley |
| title_short | An analysis of socio-economic determinants affecting retirement adjustment and life satisfaction among public retirees in the Klang Valley |
| title_sort | analysis of socio-economic determinants affecting retirement adjustment and life satisfaction among public retirees in the klang valley |
| url | http://psasir.upm.edu.my/id/eprint/106534/ http://psasir.upm.edu.my/id/eprint/106534/ http://psasir.upm.edu.my/id/eprint/106534/ |