IDEAS home Printed from https://ideas.repec.org/a/rnd/arimbr/v17y2025i2p241-249.html

Behavioral and Psychological Factors Influencing Retirement Decisions Among Young Workers in Rural and Urban Sabah, Malaysia

Author

Listed:
  • Aidarina Jakaria
  • Syarifah Hanum Ali

Abstract

This study examines how young workers in rural and urban Sabah, Malaysia, base their retirement choices on psychological and behavioral aspects. Numerous factors, including individual beliefs, societal conditions, and environmental settings, influence retirement, a significant life transition. While everyone should make retirement plans, workers in rural and urban areas differ from one another. Rural workers typically have lower financial literacy and less access to financial services, whereas urban workers usually enjoy greater financial education and services. To better understand the variables and challenges influencing retirement behavior in these diverse settings, this research will examine theories of aging, such as the theory of planned behavior (TPB), continuity theory, and disengagement theory. This study evaluates how current policies affect young workers' retirement planning and identifies the main factors influencing retirement savings behavior. The research will take a quantitative approach, analyze the data using the PLS-SEM model, and test validity and reliability against common method bias in two steps. The results emphasize the necessity of specialized policy interventions to guarantee the well-being and financial stability of young workers in Sabah's rural and urban settings about the need for focused financial literacy programs and retirement planning initiatives catered to Sabah, Malaysia's rural and urban areas, by offering insightful information about the behavioral and psychological factors influencing young workers' retirement decisions.

Suggested Citation

  • Aidarina Jakaria & Syarifah Hanum Ali, 2025. "Behavioral and Psychological Factors Influencing Retirement Decisions Among Young Workers in Rural and Urban Sabah, Malaysia," Information Management and Business Review, AMH International, vol. 17(2), pages 241-249.
    • Handle: RePEc:rnd:arimbr:v:17:y:2025:i:2:p:241-249
    DOI: 10.22610/imbr.v17i2(I).4549
    as

    Download full text from publisher

    File URL: https://ojs.amhinternational.com/index.php/imbr/article/view/4549/2988
    Download Restriction: no
    File URL: https://ojs.amhinternational.com/index.php/imbr/article/view/4549
    Download Restriction: no
    File URL: https://libkey.io/10.22610/imbr.v17i2(I).4549?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Leon Schjoedt & Kelly G. Shaver, 2007. "Deciding on an Entrepreneurial Career: A Test of the Pull and Push Hypotheses Using the Panel Study of Entrepreneurial Dynamics Data1," Entrepreneurship Theory and Practice, , vol. 31(5), pages 733-752, September.
    2. Loibl, Cäzilia & Kraybill, David S. & DeMay, Sara Wackler, 2011. "Accounting for the role of habit in regular saving," Journal of Economic Psychology, Elsevier, vol. 32(4), pages 581-592, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zellweger, Thomas & Sieger, Philipp & Halter, Frank, 2011. "Should I stay or should I go? Career choice intentions of students with family business background," Journal of Business Venturing, Elsevier, vol. 26(5), pages 521-536, September.
    2. Marco Caliendo & Alexander S. Kritikos & Claudia Stier, 2023. "The influence of start-up motivation on entrepreneurial performance," Small Business Economics, Springer, vol. 61(3), pages 869-889, October.
    3. Sergio Hernández Mejía & Elena Moreno García, 2025. "Ahorro para emergencias, la inclusión y la educación financiera en México," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 20(2), pages 1-22, Abril - J.
    4. Michael A. Abebe & Jennifer L. Welbourne, 2015. "Blessing In Disguise? Coping Strategies And Entrepreneurial Intentions Following Involuntary Job Loss," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 20(04), pages 1-22, December.
    5. E. Zabelina & D. Tsiring & Yu Chestyunina, 2018. "Personal helplessness and self-reliance as predictors of small business development in Russia: pilot study results," International Entrepreneurship and Management Journal, Springer, vol. 14(2), pages 279-293, June.
    6. Wood, Matthew S. & Bradley, Steven W. & Artz, Kendall, 2015. "Roots, reasons, and resources: Situated optimism and firm growth in subsistence economies," Journal of Business Research, Elsevier, vol. 68(1), pages 127-136.
    7. Wood, Matthew S. & McKelvie, Alexander & Haynie, J. Michael, 2014. "Making it personal: Opportunity individuation and the shaping of opportunity beliefs," Journal of Business Venturing, Elsevier, vol. 29(2), pages 252-272.
    8. DIA, Ibrahima, 2017. "Les motivations des femmes entrepreneures du secteur informel à Dakar (Sénégal) [The motivations of women entrepreneurs in the informal sector in Dakar (Senegal)]," MPRA Paper 81292, University Library of Munich, Germany.
    9. Pankaj C. Patel & James O. Fiet, 2009. "Systematic Search and Its Relationship to Firm Founding," Entrepreneurship Theory and Practice, , vol. 33(2), pages 501-526, March.
    10. Pittino, Daniel & Chirico, Francesco & Baù, Massimo & Villasana, Marcia & Naranjo-Priego, Elvira E. & Barron, Elda, 2020. "Starting a family business as a career option: The role of the family household in Mexico," Journal of Family Business Strategy, Elsevier, vol. 11(2).
    11. Oe, Akitsu & Mitsuhashi, Hitoshi, 2013. "Founders' experiences for startups' fast break-even," Journal of Business Research, Elsevier, vol. 66(11), pages 2193-2201.
    12. Binder, Martin, 2024. "Entrepreneurial worries: Self-employment and potential loss of well-being," Journal of Economic Psychology, Elsevier, vol. 105(C).
    13. Zhao, Mengli & Sheng, Shibin & Yang, Xiangyu, 2023. "Are government employees more or less likely to venture? Evidence from China," Journal of Business Research, Elsevier, vol. 157(C).
    14. Syed Awais Ahmad Tipu, 2012. "What have we learned? Themes from the literature on necessity driven entrepreneurship," World Review of Entrepreneurship, Management and Sustainable Development, Inderscience Enterprises Ltd, vol. 8(1), pages 70-91.
    15. Song Wang & Bowen Dong & Steven X. Si & Junsheng Dou, 2017. "When it rains, it pours: A triple-pathway model of collective turnover based on causal mapping analysis," Asia Pacific Journal of Management, Springer, vol. 34(2), pages 461-486, June.
    16. Goldin, Jacob & Homonoff, Tatiana & Patterson, Richard & Skimmyhorn, William, 2020. "How much to save? Decision costs and retirement plan participation," Journal of Public Economics, Elsevier, vol. 191(C).
    17. Atsede Tesfaye Hailemariam & Brigitte Kroon, 2014. "How Do Women Entrepreneurs Define Success? A Qualitative Study of Differences Among Women Entrepreneurs in Ethiopia," Working Papers 2014/09, Maastricht School of Management.
    18. Hazel Bateman & Ralph Stevens & Jennifer Alonso Garcia & Eduard Ponds, 2018. "Learning to Value Annuities: The Role of Information and Engagement," ULB Institutional Repository 2013/300030, ULB -- Universite Libre de Bruxelles.
    19. Pham, Tho & Talavera, Oleksandr & Zhang, Mao, 2018. "Self-employment, financial development, and well-being: Evidence from China, Russia, and Ukraine," Journal of Comparative Economics, Elsevier, vol. 46(3), pages 754-769.
    20. Binder, Martin & Blankenberg, Ann-Kathrin, 2021. "Self-employment and Subjective Well-Being," GLO Discussion Paper Series 744, Global Labor Organization (GLO).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnd:arimbr:v:17:y:2025:i:2:p:241-249. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Muhammad Tayyab (email available below). General contact details of provider: https://ojs.amhinternational.com/index.php/imbr .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.