Moving up the savings hierarchy: examining savings motives of older Malay Muslim
Continuation ratio analysis of data from the 2004 Economic and Financial Aspects of Aging in Malaysia was conducted to assess likelihood of Malay Muslims aged 55–75 moving up in a hierarchical model of savings motives. Results indicate that more than half of older Malay Muslim has no savings. Many a...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Springer
2013
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| Online Access: | http://psasir.upm.edu.my/id/eprint/28169/1/Moving%20up%20the%20savings%20hierarchy.pdf |
| _version_ | 1796971276506497024 |
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| author | Haron, Sharifah Azizah Sharpe, Deanna L. Abdel-Ghany, Mohamed Masud, Jariah |
| author_facet | Haron, Sharifah Azizah Sharpe, Deanna L. Abdel-Ghany, Mohamed Masud, Jariah |
| author_sort | Haron, Sharifah Azizah |
| collection | UPM |
| description | Continuation ratio analysis of data from the 2004 Economic and Financial Aspects of Aging in Malaysia was conducted to assess likelihood of Malay Muslims aged 55–75 moving up in a hierarchical model of savings motives. Results indicate that more than half of older Malay Muslim has no savings. Many are barely surviving economically. Family size, educational level, health perception, income quintiles and income adequacy were important predictors of advancing from a lower level to a higher level in the savings motive hierarchy. Saving for Hajj was an important self-actualization savings motive. |
| first_indexed | 2024-03-06T08:10:34Z |
| format | Article |
| id | upm.eprints-28169 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T08:10:34Z |
| publishDate | 2013 |
| publisher | Springer |
| record_format | dspace |
| spelling | upm.eprints-281692015-09-11T02:21:34Z http://psasir.upm.edu.my/id/eprint/28169/ Moving up the savings hierarchy: examining savings motives of older Malay Muslim Haron, Sharifah Azizah Sharpe, Deanna L. Abdel-Ghany, Mohamed Masud, Jariah Continuation ratio analysis of data from the 2004 Economic and Financial Aspects of Aging in Malaysia was conducted to assess likelihood of Malay Muslims aged 55–75 moving up in a hierarchical model of savings motives. Results indicate that more than half of older Malay Muslim has no savings. Many are barely surviving economically. Family size, educational level, health perception, income quintiles and income adequacy were important predictors of advancing from a lower level to a higher level in the savings motive hierarchy. Saving for Hajj was an important self-actualization savings motive. Springer 2013 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/28169/1/Moving%20up%20the%20savings%20hierarchy.pdf Haron, Sharifah Azizah and Sharpe, Deanna L. and Abdel-Ghany, Mohamed and Masud, Jariah (2013) Moving up the savings hierarchy: examining savings motives of older Malay Muslim. Journal of Family and Economic Issues, 34 (3). pp. 314-328. ISSN 1058-0476; ESSN: 1573-3475 10.1007/s10834-012-9333-0 |
| spellingShingle | Haron, Sharifah Azizah Sharpe, Deanna L. Abdel-Ghany, Mohamed Masud, Jariah Moving up the savings hierarchy: examining savings motives of older Malay Muslim |
| title | Moving up the savings hierarchy: examining savings motives of older Malay Muslim |
| title_full | Moving up the savings hierarchy: examining savings motives of older Malay Muslim |
| title_fullStr | Moving up the savings hierarchy: examining savings motives of older Malay Muslim |
| title_full_unstemmed | Moving up the savings hierarchy: examining savings motives of older Malay Muslim |
| title_short | Moving up the savings hierarchy: examining savings motives of older Malay Muslim |
| title_sort | moving up the savings hierarchy examining savings motives of older malay muslim |
| url | http://psasir.upm.edu.my/id/eprint/28169/1/Moving%20up%20the%20savings%20hierarchy.pdf |
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