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Financial literacy, financial management practices, and retirement confidence among women working in government agencies: a mediation model


Citation

Sabri, Mohamad Fazli and Teo, Tze Juen and Othman, Mohd Amim and Abdul Rahim @ Abdul Wahab, Husniyah (2015) Financial literacy, financial management practices, and retirement confidence among women working in government agencies: a mediation model. In: Australasian Conference on Business and Social Sciences (ACBSS) 2015, 13-14 Apr. 2015, Central Queensland University - Sydney Campus, Sydney, Australia. (pp. 602-609).

Abstract

Concerns regarding the retirement experience of pre-retirees are growing globally. Numerous discussions on factors affecting retirement confidence can be found in academia. The present study employed structural equation modelling in the attempt to examine the mediating role of financial management practices on the relation between financial literacy and retirement confidence. A mediation model was tested on a sample of 626 Malaysian women working in government agencies. Significant relations were found between financial literacy, financial management practices, and retirement confidence. Earlier analysis revealed that the relation between financial literacy and retirement confidence is spurious, as the relation is fully mediated by financial management practices. The result supports the Family Resource Management Theory introduced by Deacon and Firebaugh (1988). Implications of the findings and suggestions for future studies are offered.


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Additional Metadata

Item Type: Conference or Workshop Item (Paper)
Divisions: Faculty of Human Ecology
Publisher: Australian Academy of Business and Social Sciences
Keywords: Financial literacy; Financial management practices; Retirement confidence; Mediation
Depositing User: Nabilah Mustapa
Date Deposited: 05 Apr 2017 04:07
Last Modified: 05 Apr 2017 04:07
URI: http://psasir.upm.edu.my/id/eprint/51571
Statistic Details: View Download Statistic

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