PurposeThe purpose of this paper is to analyze financial literacy's effect on retirement planning among young adults in Mexico, with gender as a moderator variable. Planning refers to the actual or intended implementation of several retirement strategies: private pension funds, investing in assets, government subsidies and family assistance.Design/methodology/approachThe article's methodology is quantitative, empirical and cross-sectional. Ajzen's theory of planned behavior (1991) works as the theoretical framework to examine planning for retirement intentions determined by individuals' financial inclusion, attitudes, knowledge, behavior, occupation and family traits. The methodology follows generalized structural equation models (GSEM) with logistic regression basis, constructed with data from the National Survey on Financial Inclusion 2018.FindingsResults confirm that the most financially knowledgeable individuals have lesser intentions to pursue passive strategies, while financial behavior and inclusion associate with actively planning. Gender plays a fundamental role in retirement planning too.Research limitations/implicationsObservations for several years are necessary to effectuate longitudinal analysis. Further research should include a more in-depth study of strategy choice triggers and policy impact on retirement planning.Social implicationsFindings can be useful to public and private institutions focused on saving, investment and retirement, especially in economies comparable to Mexico's. Avoiding the higher social costs associated with poor retirement planning depends on timely decision-making.Originality/valueThis study goes beyond the traditional pension fund strategy to analyze other options. It delivers information about young people's long-term financial plans in Mexico concerning financial literacy and gender.
El objetivo de esta investigación es analizar los determinantes del alfabetismo financiero (AF) en México, a través de sus componentes: actitud, comportamiento y conocimiento. Se emplearon análisis de varianzas y modelos logit ordenados, aplicados a datos de 2018 de la Encuesta Nacional de Inclusión Financiera (ENIF). Se confirma que (1) el nivel de AF es bajo, (2) existe una brecha de género y (3) la educación es el factor de mayor influencia en el AF. Estos hallazgos son de utilidad en el diseño y la instrumentación de políticas de inclusión financiera.
El objetivo de esta investigación es analizar los determinantes del alfabetismo financiero en México con un enfoque regional. Su originalidad reside en enfatizar las diferencias regionales en actitud, comportamiento y conocimiento financieros. Utiliza modelos logit ordenados construidos con datos de la EncuestaNacional de Inclusión Financiera 2018. Se confirma que la educación es esencial para el alfabetismo financiero; sin embargo, otros factores tienen diferentes efectos en cada región. Entre sus limitaciones está la falta de datos para analizar longitudinalmente cómo los cambios en el entorno afectan al alfabetismo financiero. Sus hallazgos pueden aprovecharse para focalizar la política de inclusión financiera.
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