Association between retirement behavior and financial goals: A comparison between urban and rural citizens in China

This study compares the financial planning behavior of urban and rural citizens in China. Data from 399 urban citizens and 315 rural citizens were analyzed by applying the structural equation modeling (SEM) approach and the multi-group analysis (MGA) so that urban and rural citizens’ retirement beha...

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Autores principales:	Chavis Ketkaew, Chutima Sukitprapanon, Phaninee Naruetharadhol
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2020
Materias:	retirement behavior financial goals urban and rural Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/b160093e014c49b08736f8c142797118
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spelling	oai:doaj.org-article:b160093e014c49b08736f8c1427971182021-12-02T18:21:51ZAssociation between retirement behavior and financial goals: A comparison between urban and rural citizens in China2331-197510.1080/23311975.2020.1739495https://doaj.org/article/b160093e014c49b08736f8c1427971182020-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2020.1739495https://doaj.org/toc/2331-1975This study compares the financial planning behavior of urban and rural citizens in China. Data from 399 urban citizens and 315 rural citizens were analyzed by applying the structural equation modeling (SEM) approach and the multi-group analysis (MGA) so that urban and rural citizens’ retirement behaviors were able to compare. We found that an individual’s retirement behavior is related to perceived retirement benefits, perceived health status, financial attainment capacity, and perceived parental burden. The SEM model also suggested the positive relationship between retirement behavior and individual short-term financial goals, which in turn influence long-term financial goals. Finally, the MGA indicated behavior differences between rural and urban citizens in terms of retirement benefit sufficiency and perceived parental burden.Chavis KetkaewChutima SukitprapanonPhaninee NaruetharadholTaylor & Francis Grouparticleretirement behaviorfinancial goalsurban and ruralBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 7, Iss 1 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	retirement behavior financial goals urban and rural Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	retirement behavior financial goals urban and rural Business HF5001-6182 Management. Industrial management HD28-70 Chavis Ketkaew Chutima Sukitprapanon Phaninee Naruetharadhol Association between retirement behavior and financial goals: A comparison between urban and rural citizens in China
description	This study compares the financial planning behavior of urban and rural citizens in China. Data from 399 urban citizens and 315 rural citizens were analyzed by applying the structural equation modeling (SEM) approach and the multi-group analysis (MGA) so that urban and rural citizens’ retirement behaviors were able to compare. We found that an individual’s retirement behavior is related to perceived retirement benefits, perceived health status, financial attainment capacity, and perceived parental burden. The SEM model also suggested the positive relationship between retirement behavior and individual short-term financial goals, which in turn influence long-term financial goals. Finally, the MGA indicated behavior differences between rural and urban citizens in terms of retirement benefit sufficiency and perceived parental burden.
format	article
author	Chavis Ketkaew Chutima Sukitprapanon Phaninee Naruetharadhol
author_facet	Chavis Ketkaew Chutima Sukitprapanon Phaninee Naruetharadhol
author_sort	Chavis Ketkaew
title	Association between retirement behavior and financial goals: A comparison between urban and rural citizens in China
title_short	Association between retirement behavior and financial goals: A comparison between urban and rural citizens in China
title_full	Association between retirement behavior and financial goals: A comparison between urban and rural citizens in China
title_fullStr	Association between retirement behavior and financial goals: A comparison between urban and rural citizens in China
title_full_unstemmed	Association between retirement behavior and financial goals: A comparison between urban and rural citizens in China
title_sort	association between retirement behavior and financial goals: a comparison between urban and rural citizens in china
publisher	Taylor & Francis Group
publishDate	2020
url	https://doaj.org/article/b160093e014c49b08736f8c142797118
work_keys_str_mv	AT chavisketkaew associationbetweenretirementbehaviorandfinancialgoalsacomparisonbetweenurbanandruralcitizensinchina AT chutimasukitprapanon associationbetweenretirementbehaviorandfinancialgoalsacomparisonbetweenurbanandruralcitizensinchina AT phanineenaruetharadhol associationbetweenretirementbehaviorandfinancialgoalsacomparisonbetweenurbanandruralcitizensinchina
_version_	1718378176646742016

Association between retirement behavior and financial goals: A comparison between urban and rural citizens in China

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