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

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/61384399:31130/17:00050953

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název periodika

Journal of Security and Sustainability Issues

ISSN

2029-7017

e-ISSN

—

Svazek periodika

6

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

LT - Litevská republika

Počet stran výsledku

9

Strana od-do

627-636

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85021370413