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Pregled bibliografske jedinice broj: 855383

Logistic regression analysis of financial literacy implications for retirement planning in Croatia


Barbić, Dajana; Palić, Irena; Bahovec, Vlasta
Logistic regression analysis of financial literacy implications for retirement planning in Croatia // Croatian operational research review, 7 (2016), 2; 319-331 doi:10.17535/crorr.2016.0022 (međunarodna recenzija, članak, znanstveni)


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Naslov
Logistic regression analysis of financial literacy implications for retirement planning in Croatia

Autori
Barbić, Dajana ; Palić, Irena ; Bahovec, Vlasta

Izvornik
Croatian operational research review (1848-0225) 7 (2016), 2; 319-331

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
financial literacy ; maximum likelihood estimation ; logistic regression analysis ; retirement planning ; saving for retirement ; survey research

Sažetak
The relationship between financial literacy and financial behavior is important, as individuals are increasingly being asked to take responsibility for their financial wellbeing, especially their retirement. Analyzing of individual savings and attitudes towards retirement planning is important, as these types of investments are a way of preserving security during years of financial vulnerability. Research indicates that individuals who do not save adequately for their retirement, generally have a relatively low level of financial literacy. This research investigates the relationship between financial literacy and retirement planning in Croatia. To analyze the relationship between financial literacy and planning for retirement, maximum likelihood logistic regression analysis was used. The paper shows that those who answer financial literacy questions correctly are more likely to have a positive attitude towards retirement planning and are more likely to save for retirement, ensuring them of higher levels of financial security in retirement. The Goodness-of-Fit evaluation for the estimated logit model was performed using the Andrews and Hosmer-Lemeshow Tests.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekti:
IP-2013-11-9402 - Statističko modeliranje odgovora na krizu i ekonomskog rasta zemalja Zapadnog Balkana (STRENGTHS) (Dumičić, Ksenija, HRZZ - 2013-11) ( POIROT)

Ustanove:
Ekonomski fakultet, Zagreb

Profili:

Avatar Url Irena Palić (autor)

Avatar Url Dajana Barbić (autor)

Avatar Url Vlasta Bahovec (autor)

Citiraj ovu publikaciju

Barbić, Dajana; Palić, Irena; Bahovec, Vlasta
Logistic regression analysis of financial literacy implications for retirement planning in Croatia // Croatian operational research review, 7 (2016), 2; 319-331 doi:10.17535/crorr.2016.0022 (međunarodna recenzija, članak, znanstveni)
Barbić, D., Palić, I. & Bahovec, V. (2016) Logistic regression analysis of financial literacy implications for retirement planning in Croatia. Croatian operational research review, 7 (2), 319-331 doi:10.17535/crorr.2016.0022.
@article{article, year = {2016}, pages = {319-331}, DOI = {10.17535/crorr.2016.0022}, keywords = {financial literacy, maximum likelihood estimation, logistic regression analysis, retirement planning, saving for retirement, survey research}, journal = {Croatian operational research review}, doi = {10.17535/crorr.2016.0022}, volume = {7}, number = {2}, issn = {1848-0225}, title = {Logistic regression analysis of financial literacy implications for retirement planning in Croatia}, keyword = {financial literacy, maximum likelihood estimation, logistic regression analysis, retirement planning, saving for retirement, survey research} }
@article{article, year = {2016}, pages = {319-331}, DOI = {10.17535/crorr.2016.0022}, keywords = {financial literacy, maximum likelihood estimation, logistic regression analysis, retirement planning, saving for retirement, survey research}, journal = {Croatian operational research review}, doi = {10.17535/crorr.2016.0022}, volume = {7}, number = {2}, issn = {1848-0225}, title = {Logistic regression analysis of financial literacy implications for retirement planning in Croatia}, keyword = {financial literacy, maximum likelihood estimation, logistic regression analysis, retirement planning, saving for retirement, survey research} }

Časopis indeksira:


  • Web of Science Core Collection (WoSCC)
    • Emerging Sources Citation Index (ESCI)
  • EconLit


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