The effect of financial literacy and gender on retirement planning among young adults

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AudienciaPúblico en generales_ES
CoberturaMéxico [143]es_ES
Fecha de ingreso2026-09-09T01:06:08Z
Fecha de publicación2021-01-01
ResumenPurpose The purpose of this paper is to analyze financial literacy's effect on retirement planning among young adults in Mexico, with gender as a moderator variable. Planning refers to the actual or intended implementation of several retirement strategies: private pension funds, investing in assets, government subsidies and family assistance. Design/methodology/approach The article's methodology is quantitative, empirical and cross-sectional. Ajzen's theory of planned behavior (1991) works as the theoretical framework to examine planning for retirement intentions determined by individuals' financial inclusion, attitudes, knowledge, behavior, occupation and family traits. The methodology follows generalized structural equation models (GSEM) with logistic regression basis, constructed with data from the National Survey on Financial Inclusion 2018. Findings Results confirm that the most financially knowledgeable individuals have lesser intentions to pursue passive strategies, while financial behavior and inclusion associate with actively planning. Gender plays a fundamental role in retirement planning too. Research limitations/implications Observations for several years are necessary to effectuate longitudinal analysis. Further research should include a more in-depth study of strategy choice triggers and policy impact on retirement planning. Social implications Findings can be useful to public and private institutions focused on saving, investment and retirement, especially in economies comparable to Mexico's. Avoiding the higher social costs associated with poor retirement planning depends on timely decision-making. Originality/value This study goes beyond the traditional pension fund strategy to analyze other options. It delivers information about young people's long-term financial plans in Mexico concerning financial literacy and gender.es_ES
Doi10.1108/ijbm-10-2020-0518es_ES
URIhttps://riuat.uat.edu.mx/handle/123456789/1547
IdiomaInglés [20]es_ES
EditorialEmeraldes_ES
RelaciónOsvaldo García Mata. (2021). The effect of financial literacy and gender on retirement planning among young adults. International Journal of Bank Marketing, 39(7). https://doi.org/10.1108/ijbm-10-2020-0518es_ES
URL relacionadohttps://doi.org/10.1108/ijbm-10-2020-0518es_ES
DerechosAcceso Abiertoes_ES
LicenciaBY NC NDes_ES
FuenteInternational Journal of Bank Marketing, (0265-2323) vol.39 (2021)
ClasificaciónCIENCIAS SOCIALES [5]:CIENCIAS ECONÓMICAS [53]:ORGANIZACIÓN Y DIRECCIÓN DE EMPRESAS [5311]es_ES
TítuloThe effect of financial literacy and gender on retirement planning among young adultses_ES
TipoArtículoes_ES
ArbitradoHa sido Arbitradoes_ES
ÁreaCIENCIAS SOCIALES [5]
ÁreaCIENCIAS SOCIALES [5]es_ES
AutorOSVALDO GARCÍA MATA;862
AutorOSVALDO GARCÍA MATA;862es_ES
DisciplinaCIENCIAS ECONÓMICAS [53]es_ES
EdiciónPrimeraes_ES
Número7es_ES
Rango de páginas1068-1090es_ES
SubdisciplinaORGANIZACIÓN Y DIRECCIÓN DE EMPRESAS [5311]es_ES
Tipo de artículoIndexado
Tipo de artículoIndexadoes_ES
Volumen39es_ES

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