Too soon to worry? Longitudinal examination of financial planning for retirement among Spanish aged workers

The present study analyzes the relationship between three distal antecedents—financial literacy, confidence in retirement, and economic well-being—and financial planning for retirement evaluated at two different times. We used longitudinal data with repeated measures of financial planning for retire...

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Detalhes bibliográficos
Autores: Palací Descals, Francisco José, Jiménez, Irene, Topa Cantisano, Gabriela Elba
Formato: artículo
Fecha de publicación:2018
País:España
Recursos:Universidad Nacional de Educación a Distancia
Repositorio:e-spacio. Repositorio Institucional de la UNED
Idioma:inglés
OAI Identifier:oai:e-spacio.uned.es:20.500.14468/25519
Acesso em linha:https://hdl.handle.net/20.500.14468/25519
Access Level:acceso abierto
Palavra-chave:61 Psicología::6114 Psicología social
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spelling Too soon to worry? Longitudinal examination of financial planning for retirement among Spanish aged workersPalací Descals, Francisco JoséJiménez, IreneTopa Cantisano, Gabriela Elba61 Psicología::6114 Psicología socialThe present study analyzes the relationship between three distal antecedents—financial literacy, confidence in retirement, and economic well-being—and financial planning for retirement evaluated at two different times. We used longitudinal data with repeated measures of financial planning for retirement obtained from a sample (N = 269) of active Spanish workers aged 45–62 years. The results confirm that self-perceived financial knowledge, confidence in retirement, and economic well-being are associated with financial planning for retirement at three and six months. The stability of financial planning for retirement over time was a relevant finding in the present research, even though different measures have been employed in the two waves and financial planning decreases slightly at three months. While the first step of planning, at three months, has predictive power over the second, at six months, there are possible moderators in the relationship between financial planning for retirement at time 1 and time 2, which were not explored. The implications of the results both for financial education and Policy-makers are discussed. Future lines of research can explore these relationships including objective measures of income, as wealth accumulation.Public Library of Sciencee-Spacio UNED20252025-01-2720182018-12-1420182018-12-14journal articlehttp://purl.org/coar/resource_type/c_6501info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/20.500.14468/25519reponame:e-spacio. Repositorio Institucional de la UNEDinstname:Universidad Nacional de Educación a DistanciaInglésengopen accesshttp://purl.org/coar/access_right/c_abf2info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/4.0/deed.esoai:e-spacio.uned.es:20.500.14468/255192026-06-06T12:38:31Z
dc.title.none.fl_str_mv Too soon to worry? Longitudinal examination of financial planning for retirement among Spanish aged workers
title Too soon to worry? Longitudinal examination of financial planning for retirement among Spanish aged workers
spellingShingle Too soon to worry? Longitudinal examination of financial planning for retirement among Spanish aged workers
Palací Descals, Francisco José
61 Psicología::6114 Psicología social
title_short Too soon to worry? Longitudinal examination of financial planning for retirement among Spanish aged workers
title_full Too soon to worry? Longitudinal examination of financial planning for retirement among Spanish aged workers
title_fullStr Too soon to worry? Longitudinal examination of financial planning for retirement among Spanish aged workers
title_full_unstemmed Too soon to worry? Longitudinal examination of financial planning for retirement among Spanish aged workers
title_sort Too soon to worry? Longitudinal examination of financial planning for retirement among Spanish aged workers
dc.creator.none.fl_str_mv Palací Descals, Francisco José
Jiménez, Irene
Topa Cantisano, Gabriela Elba
author Palací Descals, Francisco José
author_facet Palací Descals, Francisco José
Jiménez, Irene
Topa Cantisano, Gabriela Elba
author_role author
author2 Jiménez, Irene
Topa Cantisano, Gabriela Elba
author2_role author
author
dc.contributor.none.fl_str_mv e-Spacio UNED
dc.subject.none.fl_str_mv 61 Psicología::6114 Psicología social
topic 61 Psicología::6114 Psicología social
description The present study analyzes the relationship between three distal antecedents—financial literacy, confidence in retirement, and economic well-being—and financial planning for retirement evaluated at two different times. We used longitudinal data with repeated measures of financial planning for retirement obtained from a sample (N = 269) of active Spanish workers aged 45–62 years. The results confirm that self-perceived financial knowledge, confidence in retirement, and economic well-being are associated with financial planning for retirement at three and six months. The stability of financial planning for retirement over time was a relevant finding in the present research, even though different measures have been employed in the two waves and financial planning decreases slightly at three months. While the first step of planning, at three months, has predictive power over the second, at six months, there are possible moderators in the relationship between financial planning for retirement at time 1 and time 2, which were not explored. The implications of the results both for financial education and Policy-makers are discussed. Future lines of research can explore these relationships including objective measures of income, as wealth accumulation.
publishDate 2018
dc.date.none.fl_str_mv 2018
2018-12-14
2018
2018-12-14
2025
2025-01-27
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/20.500.14468/25519
url https://hdl.handle.net/20.500.14468/25519
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by/4.0/deed.es
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
http://creativecommons.org/licenses/by/4.0/deed.es
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Public Library of Science
publisher.none.fl_str_mv Public Library of Science
dc.source.none.fl_str_mv reponame:e-spacio. Repositorio Institucional de la UNED
instname:Universidad Nacional de Educación a Distancia
instname_str Universidad Nacional de Educación a Distancia
reponame_str e-spacio. Repositorio Institucional de la UNED
collection e-spacio. Repositorio Institucional de la UNED
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,812455

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