Moderating effect of gender, income and age towards an Islamic health protection retirement plan (i-HPRP)

Chowdhury, Mohammad Abdul Matin and Che Embi, Nor Azizan and Megat Laksana, Nan Noorhidayu and Salleh, Marhanum Che and Razali, Siti Salwani (2022) Moderating effect of gender, income and age towards an Islamic health protection retirement plan (i-HPRP). American Journal of Economics and Business Innovation (AJEBI), 1 (1). pp. 19-29. E-ISSN 2831-5588

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Abstract

This study examines the moderating effect of demographic variables like gender, income, and age on the proposed Islamic Health Protection Retirement Plan Model (i-HPRP). The study adopts a quantitative method by surveying 498 respondents located in different states in Malaysia. Structural Equation Modelling (SEM) is adopted in this study to measure the moderating effect of demographic variables. The analysis results showed that saving behavior has significantly influenced the plan’s preferences while the spending behavior did not. Besides, demographic variables play a role as a moderator in the relationship between saving and the retirement plan. Overall, this research findings reveal that gender, age, and income level were important in determining individual saving behavior and preparation for retirement. An effort to increase awareness of retirement preparation should be enforced on various age groups among citizens to reduce the problem of insufficient funds among retirees.

Item Type:	Article (Journal)
Uncontrolled Keywords:	Saving behavior, spending behavior, income, gender, age, Islamic retirement plan
Subjects:	H Social Sciences > HG Finance H Social Sciences > HG Finance > HG8719 Islamic Insurance Takaful
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User:	Dr. Marhanum Che Mohd Salleh
Date Deposited:	30 May 2022 08:55
Last Modified:	30 May 2022 08:55
URI:	http://irep.iium.edu.my/id/eprint/98090

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