Record Details

Financial Literacy and Retirement Planning in Kazakhstan

Journal of Insurance and Financial Management

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Field Value
 
Title Financial Literacy and Retirement Planning in Kazakhstan
 
Creator Lee, Sang H
Kuttyzholova, Ayakoz
 
Description Financial literacy level of Kazakhstan is measured using internationally standardized basic questions to compare with other countries previously studied. The level in Kazakhstan is alarmingly low compared to advanced countries. The most vulnerable groups are identified as female with no business education and lower income. The relationship between the financial literacy and retirement planning indicates that both variables are jointly determined, i.e. the higher is the literacy scores the more likely planned retirement and vice versa. This result indicates the importance of government efforts to promote the financial literacy level of the most vulnerable groups for the successful implementation of the recent pension reform which emphasizes more on the individual responsibility for the retirement.
 
Publisher Journal of Insurance and Financial Management
 
Contributor —
 
Date 2016-04-17
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/20
 
Source Journal of Insurance and Financial Management; Vol 1, No 2 (2016): Journal of Insurance and Financial Management
2371-2112
 
Language eng
 
Relation https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/20/pdf
 
Rights Copyright (c) 2016 Sang H Lee, Ayakoz Kuttyzholova