Determinants of retirement savings
Global demographic changes and retirement savings adequacy have emphasised on voluntary pension as a new paradigm for the retirement system. This has led to many types of research pertaining to the development of the private retirement system. The effort was followed by making the mandatory Second P...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Malaysian Consumer and Family Economics Association
2017
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| Online Access: | http://psasir.upm.edu.my/id/eprint/14018/ http://psasir.upm.edu.my/id/eprint/14018/1/Determinants%20of%20retirement%20savings.pdf |
| _version_ | 1848842276708548608 |
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| author | Yusof, Radduan Sabri, Mohamad Fazli |
| author_facet | Yusof, Radduan Sabri, Mohamad Fazli |
| author_sort | Yusof, Radduan |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | Global demographic changes and retirement savings adequacy have emphasised on voluntary pension as a new paradigm for the retirement system. This has led to many types of research pertaining to the development of the private retirement system. The effort was followed by making the mandatory Second Pillar and voluntary Third Pillar of the social security system as more financially sound and important. This is to encourage contributors to the retirement fund to switch focus from a less generous pension-guaranteed-defined benefit system to a more individualistic-defined contribution plan. This review article collected, compiled, and reviewed selected articles on the determinants of retirement savings and planning. It was sourced from several electronic databases in an attempt to group the determinants into different categories. The input from the reviews was then categorised into economics, socioeconomics, and non-economics sub-categorical behavioural, psychological, and demographic determinants and its application, as reported in researches pertaining to retirement savings and planning of the near decade. Some suggestions were made in light of the analysis. |
| first_indexed | 2025-11-15T07:56:34Z |
| format | Article |
| id | upm-14018 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T07:56:34Z |
| publishDate | 2017 |
| publisher | Malaysian Consumer and Family Economics Association |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-140182018-09-04T07:57:25Z http://psasir.upm.edu.my/id/eprint/14018/ Determinants of retirement savings Yusof, Radduan Sabri, Mohamad Fazli Global demographic changes and retirement savings adequacy have emphasised on voluntary pension as a new paradigm for the retirement system. This has led to many types of research pertaining to the development of the private retirement system. The effort was followed by making the mandatory Second Pillar and voluntary Third Pillar of the social security system as more financially sound and important. This is to encourage contributors to the retirement fund to switch focus from a less generous pension-guaranteed-defined benefit system to a more individualistic-defined contribution plan. This review article collected, compiled, and reviewed selected articles on the determinants of retirement savings and planning. It was sourced from several electronic databases in an attempt to group the determinants into different categories. The input from the reviews was then categorised into economics, socioeconomics, and non-economics sub-categorical behavioural, psychological, and demographic determinants and its application, as reported in researches pertaining to retirement savings and planning of the near decade. Some suggestions were made in light of the analysis. Malaysian Consumer and Family Economics Association 2017 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/14018/1/Determinants%20of%20retirement%20savings.pdf Yusof, Radduan and Sabri, Mohamad Fazli (2017) Determinants of retirement savings. Malaysian Journal of Consumer and Family Economics, 20 (spec.2). pp. 168-183. ISSN 1511-2802 http://www.majcafe.com/2018/07/30/vol-20-2017-edition-2/ |
| spellingShingle | Yusof, Radduan Sabri, Mohamad Fazli Determinants of retirement savings |
| title | Determinants of retirement savings |
| title_full | Determinants of retirement savings |
| title_fullStr | Determinants of retirement savings |
| title_full_unstemmed | Determinants of retirement savings |
| title_short | Determinants of retirement savings |
| title_sort | determinants of retirement savings |
| url | http://psasir.upm.edu.my/id/eprint/14018/ http://psasir.upm.edu.my/id/eprint/14018/ http://psasir.upm.edu.my/id/eprint/14018/1/Determinants%20of%20retirement%20savings.pdf |