scholarly journals Application of Structural Equation Model to Analyze Factors Affecting Financial Planning After Retirement

2021 ◽  
Vol 2 (3) ◽  
pp. 103-109
Author(s):  
M. Ihsan Khairi ◽  
Dwi Susanti ◽  
Sukono Sukono

Retirement is something that every working individual will experience. Retirement according to the Big Indonesian Dictionary (KBBI) is not working anymore because the term of office has finished. A person who has retired usually has the right to a pension fund. After retirement, the individual's income will decrease, but the necessities of life can increase. In order to still be able to meet the needs of life after retirement, it is necessary to have financial planning after retirement. There are several factors that influence financial planning after retirement, including income, attitude and culture. Income is an important issue in financial planning. One thing to consider carefully when planning for retirement and setting aside funds for that purpose is the estimate of the amount of money needed to have the expected quality of life in retirement. Attitude towards retirement planning is an internal psychological condition that is influenced by positive or negative assessments related to retirement planning. Cultural differences will result in different financial plans between individuals. In this study, the Structural Equation Model will be used to analyze the factors that influence financial planning after retirement for teachers in several schools in Tanah Datar Regency, West Sumatra. This study uses quantitative methods using a questionnaire as a data collection tool. Based on the collected questionnaires, simulations were carried out to obtain 170 data randomly. To facilitate data analysis, the AMOS application will be used. The results showed that these three factors had a significant effect on financial planning after retirement. The most influential factor on financial planning after retirement is culture with a parameter value of 0.639.

2018 ◽  
Vol 10 (5) ◽  
pp. 1415 ◽  
Author(s):  
Shahid Hussain ◽  
Zhu Fangwei ◽  
Ahmed Siddiqi ◽  
Zaigham Ali ◽  
Muhammad Shabbir

2008 ◽  
Vol 36 (1) ◽  
pp. 19-26 ◽  
Author(s):  
Veysel Yilmaz ◽  
Ayşe Sibel Turkum

This study was designed to determine the factors affecting hopelessness about the future of 10–12-year-old Turkish primary school students. Firstly, descriptive factor analysis was applied in order to determine the factors affecting hopelessness levels, then a structural equation model (SEM) was utilized to describe the relationship between the specified factors and hopelessness; these relationships were tested by LISREL 8.54. The results indicated that the preteenagers' level of hopelessness was adversely affected by support received from parents and friends. The hopelessness level was also significantly affected by the preteenagers' positive self-definition and parents' educational level.


2021 ◽  
Vol 6 (2) ◽  
pp. 23-33
Author(s):  
Zahayu Md Yusof ◽  
Masnita Misiran ◽  
Hasimah Sapiri ◽  
Massudi Mahmuddin

Library in the university is known as the centre of knowledge. University library offers learning support, research requirement and also teaching materials. The objective of this study is to identify the most (and least) factors that contribute to students satisfaction towards university library. A case study on selected respondents consist of 266 undergraduate students was conducted. Their opinion on the library services has been recorded. Questionnaires were distributed to the respondents. Structural Equation Model was developed to display their responses. The finding concluded that online services and collections have significant relationship with the overall satisfaction towards the library, whereas facilities and library staffs do not have significant contribution to the satisfaction. As a suggestion, the library management should improve their service quality by upgrading the online services such as wireless access, library website service,  and online book renewal process to mentioned a few, which might be effective in improving the students’ satisfaction towards the library.


Sign in / Sign up

Export Citation Format

Share Document