Preconditions of financial safety during lifecycle: the financial literacy and retirement planning in Vietnam

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F17%3A63516274" target="_blank" >RIV/70883521:28120/17:63516274 - isvavai.cz</a>

Alternative codes found

RIV/61384399:31130/17:00050953

Result on the web

<a href="http://dx.doi.org/10.9770/jssi.2017.6.4(8)" target="_blank" >http://dx.doi.org/10.9770/jssi.2017.6.4(8)</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.9770/jssi.2017.6.4(8)" target="_blank" >10.9770/jssi.2017.6.4(8)</a>

Result language

angličtina

Original language name

Preconditions of financial safety during lifecycle: the financial literacy and retirement planning in Vietnam

Original language description

This study was performed to evaluate and examine financial literacy and retirement planning in sector employment in Vietnam in the context of financial safety during lifecycle. In order to collect primary data, a questionnaire was designed and distributed to 257 employees in the public and private sectors in Ho Chi Minh City. The results of descriptive analysis indicated that those who work in the public sector have a higher percentage of correct answers to questions about financial literacy and knowledge of social insurance than that of employees in the private sector. The results of a linear probability model (LPM) and two-stage least squares (2SLS) regression show that financial knowledge and regular saving are significant factors that enhance retirement planning, whereas sector employment is insignificant to retirement planning. These findings should improve the knowledge of financial literacy, pensions and social insurance disseminated through retirement seminars and education programs for workers. More research, however, should be conducted on these topics in Vietnam.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2017

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Security and Sustainability Issues

ISSN

2029-7017

e-ISSN

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Volume of the periodical

6

Issue of the periodical within the volume

4

Country of publishing house

LT - LITHUANIA

Number of pages

9

Pages from-to

627-636

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-85021370413