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© Business & Management Studies: An International Journal, 2016
Aslı Elif Aydın
İstanbul Bilgi Üniversitesi, İşletme Bölümü
Elif Akben Selçuk
Kadir Has Üniversitesi, İşletme Bölümü
How to Cite
FACTORS AFFECTING FINANCIAL CONSUMERS’ PRIVATE PENSION PLAN DECISIONS: A LITERATURE REVIEW AND A CONCEPTUAL FRAMEWORK PROPOSAL
Vol 4 No 2 (2016): BUSINESS & MANAGEMENT STUDIES: AN INTERNATIONAL JOURNAL
Submitted: Feb 17, 2019
Published: Aug 22, 2016
The objective of this study is to propose a framework related to financial consumers’ private pension plan decisions. Specifically, we review the factors affecting consumers’ participation, contribution and asset allocation decisions regarding private pensions. The factors discussed include situational and dispositional factors, personality, motivation, financial literacy, and external influences. Based on this survey of literature, we develop a number of propositions, which are expected to benefit individual retirement planners and pension institutions in gaining a better understanding of retirement saving decisions.