Age Differences on the Intention to Save in a Voluntary Retirement Fund
Radduan Yusof1, Mohamad Fazli Sabri2

1Dr. Radduan Yusof, Faculty of Administrative Science and Policy Studies, University Teknologi Mara UiTM, Malaysia.
2Mohamad Fazli Sabri, Deputy Dean Post Graduate, Studies & Industry & Community Relations Faculty of Human Ecology, Universiti Putra Malaysia.
Manuscript received on 25 November 2019 | Revised Manuscript received on 04 December 2019 | Manuscript Published on 10 December 2019 | PP: 776-785 | Volume-8 Issue-3S2 October 2019 | Retrieval Number: C12391083S219/2019©BEIESP | DOI: 10.35940/ijrte.C1239.1083S219
Open Access | Editorial and Publishing Policies | Cite | Mendeley | Indexing and Abstracting
© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (

Abstract: The Theory of Planned Behaviour (TPB) posited that an individual’s intention of performing a behaviour depends on their attitude, subjective norm and the perceived behavioural control (PBC). Employing the theoretical construct of the TPB, this study aims to investigate if age moderatesthe effect of attitude, subjective norms and perceived behavioural control towards saving intention in the voluntary retirement fund in Malaysia. A quantitative approach was adopted with data collected through a nationwide self-administered questionnaire. Through a multistage proportionate stratified sampling, 384 response was collected. The multi-group permutation results confirm the differences between age groups regarding subjective norms towards the intention to save in a voluntary retirement fund in Malaysia. In the concluding remark, the implication of the study and an avenue for future research in voluntary retirement saving domain is discussed.
Keywords: Retirement Savings, Social Security, Theory of Planned Behaviours, Voluntary Retirement Fund.
Scope of the Article: Social Sciences