Psychosocial determinants of financial planning for retirement among immigrants in Europe
نویسندگان
چکیده
The aim of this paper is twofold. First, to extend Hodges’ model of relationships between financial planning for retirement with psychosocial variables to predict both objective and subjective measures of financial planning. Second, to apply that model to a representative sample of immigrants in Europe provided by the first wave of SHARE study. Data from 1272 immigrants in Europe were obtained through structured interviews and questionnaires. The Structural Equation Modeling (SEM) analyses reveal that the total expected amount of pension was predicted by poor health, migration seniority, and job demands, among other variables. Total years of pension contribution were predicted by salary, job tenure, and migration seniority. These results validate and expand the previous research on bridge employment activities and partial retirement. 2012 Elsevier B.V. All rights reserved.
منابع مشابه
Psychological determinants of financial preparedness for retirement.
PURPOSE Economists predict that in the coming decades an unprecedented number of American baby boomers will enter retirement lacking adequate resources. The present investigation was designed to examine the factors that influence individuals' financial preparedness for retirement. DESIGN AND METHODS A total of 230 participants each completed a multifaceted questionnaire on their own personal ...
متن کاملAssessing Mediating Role of Financial Satisfaction in the Relationship Between Financial Literacy and Quality of Life Among Retired Older Adults
Objective: Quality of life in old age is of major importance because the world population is aging rapidly. Financial satisfaction is one of the important components of quality of life. So, the present study was aimed to determine the association between financial literacy and quality of life with mediating role of financial satisfaction among retired older adults residing in Qazvin, Iran. Met...
متن کاملFinancial Planning for Retirement: A Psychosocial Perspective
Retirement is a time of life that has grown ever longer in the developed world, and the number of pensioners has increased accordingly, questioning the strength of Social Security systems and the social safety net in general. Financial Planning for Retirement (FRP) consists of the series of activities involved in the accumulation of wealth to cover needs in the post-retirement stage of life. Th...
متن کاملMicro and Macro Determinants of Health: Older Immigrants in Europe
Micro and Macro Determinants of Health: Older Immigrants in Europe We study the health determinants of immigrant men and women over the age of fifty, in Europe, and compare them to natives. We utilize the unique Survey of Health Aging and Retirement (SHARE) and augmented it with macroeconomic information on the 22 home countries and 16 host countries. Using Multilevel Analysis we can best captu...
متن کاملPsychosocial health among immigrants in central and southern Europe.
Migration exposes people to a number of risks that threaten their health, including those related to psychosocial health. Self-perceived health is usually the main indicator used to assess psychosocial health. Electronic databases were used to examine the literature on the psychosocial health of immigrants in Europe and of North Africans living in their own countries. Immigrants of various ethn...
متن کامل