scholarly journals Retirement Financial Planing and Life Satisfaction

2021 ◽  
Vol 5 (Supplement_1) ◽  
pp. 599-599
Author(s):  
Mengya Wang ◽  
Suzanne Bartholomae ◽  
Jonathan Fox
Keyword(s):  
Life Satisfaction ◽  
Positive Impact ◽  
Retirement Planning ◽  
Ordinary Least Squares ◽  
Financial Satisfaction ◽  
Least Squares Regression ◽  
Retirement Plans ◽  
Net Worth ◽  
Highly Educated ◽  
Retirement Plan

Abstract Retirement has been considered as a major transition in one’s life. Financial security in retirement is a major concern for many Americans. Evidence has shown that being financially prepared for retirement could has a significant, positive impact on one’s life satisfaction. Employing data from the 2012 and 2018 National Financial Capability Study (N=1023), this study analyzes the relationship between participants’ retirement planning in 2012 and their financial satisfaction in 2018. An Ordinary Least Squares regression is used in the current study. This study found relatively low retirement preparedness levels (retirement planning, retirement saving, retirement plan: employer-based or individually held, investment) among the participants in 2012. Based on the descriptive results, adults closest to retirement (ages 55 to 64) are more likely to be planning compared to the other groups, as are adults who were married, highly educated, males, and white. According to the liner regression results, this study found that adults who had a retirement savings goal, had a retirement plan (employer-based or individually held), made regular contributions to retirement plans, and owned investments in 2012 are more likely to be satisfied with their personal financial condition in 2018. As expected, individuals with higher incomes, larger net worth, and those who are older are significantly more likely to be financial satisfied. However, even after controlling for these variables, results show that planning does indeed impact the level of financial satisfaction. Our findings highlight the importance of policies and programs to support Americans with retirement planning.

scholarly journals The Role of Financial Literacy in Retirement Planning and Wealth Accumulation Among Self-employed Thai Workers

2020 ◽  
Vol 29 ◽  
pp. 177-194
Author(s):  
Praewpailin Janposri ◽  
Keyword(s):  
Financial Literacy ◽  
Positive Impact ◽  
Financial Education ◽  
Well Being ◽  
Retirement Planning ◽  
Ordinary Least Squares ◽  
Influential Factors ◽  
Wealth Accumulation ◽  
Probit Regression ◽  
Net Worth

This paper explores the effect of financial literacy on retirement planning and wealth accumulation among self-employed Thai workers. Self-employment is expected to show a significantly increasing trend soon, raising concerns about saving for retirement due to a lack of social security and pension provision. Therefore, planning and saving for retirement becomes the responsibility of the self-employed themselves to maintain their well-being in retirement. Financial literacy has been found to improve such financial decisions and wealth accumulation. This paper adopts the financial literacy criteria of the Organisation for Economic Co-operation and Development with a dataset provided by the National Statistical Office. This study employed Ordinary Least Squares and Probit regression. Financial literacy analysis results show that the three components of financial literacy are influential factors in enhancing the probability of planning for retirement among self-employed workers. Moreover, although financial knowledge and financial behavior are also reported to have a positive impact on increasing net worth across all levels of employment status, financial attitude is insignificant. Finally, this study suggests that policymakers should formulate various financial education programs and financial seminars to comply with the needs of people with different characteristics and living conditions.

An investigation of government employees’ support for public-private partnerships

2017 ◽  
Vol 30 (5) ◽  
pp. 467-486 ◽  
Author(s):  
Razilya Shakirova
Keyword(s):  
Environmental Factors ◽  
Positive Impact ◽  
Organizational Factors ◽  
Ordinary Least Squares ◽  
Public Private Partnerships ◽  
Least Squares Regression ◽  
Government Employees ◽  
Content Type ◽  
The Usa ◽  
The Impact

Purpose The purpose of this paper is to investigate the factors that may influence support of public-private partnerships (PPPs) by government employees potentially involved in designing and implementing cross-sectoral collaborations. Design/methodology/approach Based on an original survey of government employees in the USA, this study explores the impact of individual, organizational and environmental factors on their support for PPPs by employing ordinary least squares regression. Findings Among the individual factors, involvement in PPPs and concerns for efficiency have been identified as factors having positive impact on government employees’ support for PPPs. Male government employees seem to be less supportive of PPPs than female government employees. Environmental factors such as public opinion and appointed agency heads positively influence government employees’ views of PPPs. No evidence for the significant impact of organizational factors on government employee perceptions of PPPs was found. Research limitations/implications Factors influencing government employees’ attitudes may also have an effect on employees’ behaviors when involved in PPPs. Further studies may clarify how attitudes are translated into behaviors and how they influence the performance of PPPs. Investigations into government employees’ views of PPPs before and after their actual involvement in partnerships may allow for identifying changes in employees’ support for PPPs and their possible causes. Originality/value This study investigates the impacts of individual, organizational and environmental factors on government employees’ support for partnerships with the private sector that remain under-researched in the literature.

scholarly journals A life satisfaction approach to valuing the impact of health behaviours on subjective well-being

2019 ◽  
Vol 19 (1) ◽  
Author(s):  
Yipu Shi ◽  
Craig Joyce ◽  
Ron Wall ◽  
Heather Orpana ◽  
Christina Bancej
Keyword(s):  
Life Satisfaction ◽  
Health Behaviours ◽  
Well Being ◽  
Ordinary Least Squares ◽  
Subjective Well Being ◽  
Least Squares Regression ◽  
Market Values ◽  
Intermediate Outcomes ◽  
Wide Range ◽  
The Impact

Abstract Background Increasingly, decision-makers are interested in understanding the returns on investments in programs and policies that promote health and prevent chronic diseases. While the costs of these programs are more easily quantified, many of the outcomes they aspire to achieve are intangible and lack obvious market values. The subjective well-being (SWB) method was developed to value a wide range of non-market goods, including health outcomes directly in monetary terms. This paper presents an application of the SWB approach to estimate the monetary value of health-promoting behaviours as the intermediate outcomes of health promotion and chronic disease prevention programs and policies. Methods Life satisfaction (LS) was used as a proxy of individuals’ SWB. Based on the combined Canadian Community Health Survey 2009–10 data, we modeled LS as a function of income and healthy behaviours, controlling for the socio-demographic factors associated with LS at the individual level using ordinary least squares regression. Equivalent effects of income and healthy behaviours on LS derived from the models allowed us to estimate the trade-off between income and healthy behaviours. Results We found that income and healthy behaviours were positively associated with LS. The values of increased physical activity, an additional daily serving of fruits/vegetables, and not smoking are respectively $631, $115 and $563 per week. These represent the amounts of additional weekly income required to maintain an individual at their level of LS in the absence of each of these behaviours. Conclusions The SWB method holds promise as a method to monetize the value of a range of non-market goods, including healthy behaviours for which market values do not exist. The SWB method can be applied efficiently and cost-effectively using readily available survey data.

Aging With a Physical Disability, Duration of Disability, and Life Satisfaction: A 5-Year Longitudinal Study Among People Aged 40 to 79 Years

2019 ◽  
Vol 91 (3) ◽  
pp. 253-273 ◽  
Author(s):  
Magnhild Nicolaisen ◽  
Bjørn Heine Strand ◽  
Kirsten Thorsen
Keyword(s):  
Life Satisfaction ◽  
Physical Disability ◽  
Social Economic ◽  
Health Resources ◽  
People With Disabilities ◽  
Ordinary Least Squares ◽  
Least Squares Regression ◽  
Unique Role ◽  
Lower Life Satisfaction

Studies show that having physical disabilities is associated with lower life satisfaction (LS). People with disabilities have reduced opportunities and welfare compared with people without disabilities. During aging, disabilities may have different impact on LS. A question is whether disability duration plays a unique role by affecting LS or whether an association is caused by other factors. This study analyzed Norwegian panel data ( N = 2,555) including people aged 40 to 79 years at baseline to examine how disability and its duration affect LS at follow-up 5 years later, controlling for sociodemographic, socioeconomic, and health factors using ordinary least-squares regression. People with disabilities had lower LS than those without disabilities. Disability duration affected LS among people aged 40 to 49 years and 60 to 69 years, but the association was due to the lack of social, economic, and health resources. The meaning of duration of disability and challenges of reduced resources will vary with life stages.

Waste Management Behavior of Households in Klang Valley, Malaysia

2021 ◽  
Vol 6 (1) ◽  
pp. 61
Author(s):  
Sabariah Yusoff ◽  
Shahariah Asmuni
Keyword(s):  
Waste Management ◽  
Waste Disposal ◽  
Positive Impact ◽  
Ordinary Least Squares ◽  
Threat Appraisal ◽  
Management Approach ◽  
Least Squares Regression ◽  
Management Behavior ◽  
Klang Valley ◽  
The Government

Enhancing demand side management is among the focus of Malaysia in its effort to pursue green growth throughout 2016 to 2020. Per capita waste disposal in the country is 0.3 to 1.2 kg and only a mere 2% is recycled. There is huge potential for reducing solid wastes in the country through a more sustainable waste management approach such as reducing, recycling and proper disposal.  This paper explores the result of a quantitative study conducted via a survey questionnaire on 118 households around Klang Valley. Applying the protection motivation theory, an ordinary least squares regression is applied to data to determine the significant factors affecting waste management behavior of households. Several elements of waste management behavior are investigated, such as waste avoidance, green purchases and reuse and recycle behavior. Results of study show that coping and threat appraisal processes significantly affect waste disposal and reuse and recycle behavior. For green purchasing and waste avoidance behavior, they are affected by coping appraisal but not threat appraisal process.  The study suggests that if the government can promote the information on how severe contaminated environments can have on humans and their surroundings, it can lead to more responsible disposal of waste as well as can increase reuse and recycling activities of households. Apart from that, highlighting the positive impact an individual person’s action can bring to the environment may increase reuse and recycling, waste avoidance and disposal and green purchase activities of the society, particularly the households.

The good life: Exploring the effects job stress, job involvement, job satisfaction, and organizational commitment on the life satisfaction of police officers

2021 ◽  
pp. 146135572110164
Author(s):  
Eric G. Lambert ◽  
Hanif Qureshi ◽  
James Frank
Keyword(s):  
Job Satisfaction ◽  
Life Satisfaction ◽  
Organizational Commitment ◽  
Job Stress ◽  
Police Officers ◽  
Job Involvement ◽  
Ordinary Least Squares ◽  
Least Squares Regression ◽  
Positive Effects ◽  
Spillover Theory

Life satisfaction is an important concept for both police and other law enforcement organizations. Past research on the spillover theory has found that higher life satisfaction results in better physical health, being more open-minded, improved effort, and longer life expectancy. The spillover theory holds what happens at work does not stay at work but spills over and affects a person’s overall life. Workplace variables, particularly job stress, job involvement, job satisfaction, and organizational commitment do not just affect people at work, but also affect people’s satisfaction with their overall lives. The current study examined how job stress, job involvement, job satisfaction, and organizational commitment were associated with life satisfaction among a sample of 827 police officers from the state of Haryana in India. In a multivariate ordinary least squares regression analysis, job stress had a significant negative effect on life satisfaction, whereas job involvement, job satisfaction, and organizational commitment had significant positive effects. The results suggest that police administrators should attempt to lower job stress and increase job involvement, job satisfaction, and organizational commitment among officers to raise their life satisfaction, which, in turn, should benefit the individual officers, the police agency, and the community being served.

scholarly journals The Positive Impact of Having Served as a Danwei Leader on Post-retirement Life Satisfaction: Experiences in China

2021 ◽  
Vol 12 ◽  
Author(s):  
Li He ◽  
Kun Wang ◽  
Tianyang Li ◽  
Jiangyin Wang ◽  
Yuting Wang ◽  
...  
Keyword(s):  
Life Satisfaction ◽  
Positive Impact ◽  
Ordinary Least Squares ◽  
High Status ◽  
Social Survey ◽  
Ordered Logistic Regression ◽  
Significant Difference ◽  
Different Types ◽  
Matching Models ◽  
Lower Life Satisfaction

Relevance deprivation syndrome refers to feelings of incompetence among retired people caused by them leaving their high status or influential jobs. The question then arises: do people in positions of power, like Danwei leaders in China, have a lower life satisfaction post-retirement compared to other groups? This study investigated the influence of serving as a Danwei leader before retirement on retirees’ life satisfaction, as well as differences in this influence and the channels through which they are affected. Based on the data of 5,873 respondents of the 2018 China Longitudinal Aging Social Survey, ordinary least-squares, ordered logistic regression, and propensity score matching models were used to investigate the influence, differences, and influential mechanisms of serving as a Danwei leader before retirement on retirees’ life satisfaction. We found that Danwei leaders experience a significantly positive impact on their life satisfaction post-retirement. Second, the positive impact of having served in this role on peoples’ post-retirement life satisfaction is related to the resulting higher income, social status, and better living habits. In contrast to the perspective of relevance deprivation syndrome, in China, having been a Danwei leader before retirement has a significantly positive impact on peoples’ life satisfaction post-retirement, with there being a significant difference observed among different types of retired Danwei leaders.

scholarly journals Mobile Payment Service and the Firm Value: Focusing on both Up- and Down-Stream Alliance

2018 ◽  
Vol 10 (7) ◽  
pp. 2583 ◽  
Author(s):  
Insung Son ◽  
Sihyun Kim
Keyword(s):  
Stock Prices ◽  
Firm Value ◽  
Credit Card ◽  
Positive Impact ◽  
Management Strategies ◽  
Ordinary Least Squares ◽  
Least Squares Regression ◽  
Banking Business ◽  
The Impact ◽  
Apple Pay

The Fintech business, which was initially focused on the payment sector, is becoming a global issue due to the entry of nonfinancial firms into the banking business. With the advent of the “mobile age in your hand”, global ICT companies are actively entering the banking business through alliances and competitions with existing financial companies. Classifying the alliance companies of Apple Pay and Samsung Pay into the downstream alliance and the upstream alliance, this study analyzed the signaling effect of service opening and its impact on the firm value. To analyze the effect of a specific event on firm value, this study adopted the event study. Additionally, ordinary least squares regression analysis was carried out to examine the influence of up- and downstream alliance on the firm value. The result shows that Apple Pay’s service launch in the USA. has a positive impact on stock prices of up- and downstream alliance companies, providing new experience and satisfaction to users through active alliance with credit card companies. On the other hand, downstream alliance companies that showed a negative response to the launch of Korean services turned to a positive response to USA service launch because to the difference in the specificity of credit card penetration rate and the portion of premium smartphones. Analyzing the impact of the expansion of the service area toward the payment platform on the firm value, research results provide important implications for establishing technology management strategies to ensure the sustainability in rapidly changing technical advances by comparing the different market response of Apple Pay and Samsung Pay.

Living the Good Life: The Effects of Job Variables on Nigerian Prison Staff Life Satisfaction

2018 ◽  
Vol 29 (4) ◽  
pp. 361-377 ◽  
Author(s):  
Eric G. Lambert ◽  
O. Oko Elechi ◽  
Smart Otu
Keyword(s):  
Job Satisfaction ◽  
Life Satisfaction ◽  
Job Stress ◽  
Job Involvement ◽  
Past Research ◽  
Ordinary Least Squares ◽  
Least Squares Regression ◽  
Negative Effects ◽  
Prison Staff ◽  
Positive Effects

Life satisfaction is an important concept for both workers and employing organizations. Past research on the spillover theory has found that higher life satisfaction results in lower absenteeism and turnover/turnover intent, higher job performance, and better mental and physical health. The current study examined how job variables (i.e., job stress, job involvement, and job satisfaction) were associated with life satisfaction among Nigerian prison staff in an attempt to determine whether the aforementioned workplace variables have similar or different effects across nations. Data for this study came from a survey of 120 responding staff at a prison located in the Ebonyi state in Southeast Nigeria. In a multivariate ordinary least squares regression analysis, job stress had significant negative effects on life satisfaction, and job involvement and job satisfaction had significant positive effects. The findings for job stress and job involvement are consistent with that found among U.S. correctional staff. The finding that job involvement had a significant positive effect differs from that reported for U.S. staff. The results suggest that prison administrators should attempt to lower job stress and increase job involvement and job satisfaction.

Gender Disparities in Life Satisfaction after Retirement: The Role of Leisure, Family, and Finances

2021 ◽  
Author(s):  
Toni Calasanti ◽  
Dawn Carr ◽  
Patricia Homan ◽  
Victoria Coan
Keyword(s):  
Gender Differences ◽  
Life Satisfaction ◽  
Later Life ◽  
Ordinary Least Squares ◽  
Gender Disparity ◽  
Least Squares Regression ◽  
Policy Makers ◽  
Domain Specific ◽  
Subjective Assessments ◽  
Design And Methods

Abstract Background and Objectives Recent research on life satisfaction in retirement explores gender differences but yields inconsistent patterns and does not consider gendered sources of satisfaction. We use a gender relations framework to examine whether women and men experience different changes in life satisfaction with retirement, and whether observed differences are a consequence of different assessments of the leisure, family, and financial situations that characterize their post-retirement lives. Research Design and Methods We use longitudinal data drawn from men and women in the Health and Retirement Study who transitioned into retirement between ages 62-72 for the first time between 2008 and 2016 (N=593). We employ Ordinary Least Squares regression and mediation tests to assess gender differences in overall and domain-specific life satisfaction (i.e., leisure, family, finances). Results Men reported increased life satisfaction following retirement, but women did not. No gender differences related to leisure or family life post-retirement emerged. Gender was associated with post-retirement satisfaction with finances (p<0.001), with men reporting higher financial satisfaction. Mediation models confirmed a gender disparity in overall life satisfaction mediated by satisfaction with finances post-retirement (p<0.01), explaining approximately one-third of the disparity. Discussion and Implications This study shows men derive greater improvements in life satisfaction in association with retirement than do women, and some of this disparity relates to women’s lower satisfaction with their finances. These findings should caution policy-makers from assuming how women’s increased labor force participation influences financial security in retirement, and encourage scholars to consider how gender influences subjective assessments of later life.

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