Between Successful and Unsuccessful Ageing: Selected Aspects and Contexts

Krakowie, Uniwersytet Pedagogiczny w; Klimczuk, Andrzej

doi:10.24917/9788395373718

Cited by 2 publications

(3 citation statements)

References 27 publications

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“…Employee retirement planning should not be a concern only during the second half of employee's life, but rather from start of employment (Gathiira et al, 2019b;Tomczyk & Klimczuk, 2019). Workers with higher retirement self-efficacy tend to plan their retirement in advance (Valero & Topa, 2014).…”

Section: Statement Of the Problemmentioning

confidence: 99%

“…However, studies such as Moffatt and Heaven (2017) continue to demonstrate existence of positive association between retirement planning and retirement wellbeing which is an indicator of retirement preparedness. Earlier studies consistently indicate that approximately a third of retirees are vulnerable to poorer retirement adjustment and outcomes in terms of life satisfaction and quality of life since retirement wellbeing is dependent on available resources that include physical, cognitive, motivational, financial, social, and emotional resources (Tomczyk & Klimczuk, 2019;Principi, Smeaton, Cahill, Barnes & Socci, 2018). The retirees wellbeing is affected not only in financial resources but also in physical health and psychosocially.…”

Section: Introductionmentioning

confidence: 99%

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Mediating Role of Employee Decision on Relationship Between Employee Separation Planning and Retirement Preparedness in Kenya

Gathiira¹,

Muathe²,

Kilika³

2020

IJBA

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Globally, majority of employees particularly from public institutions are associated with poverty during retirement despite living well during employment life. Retirement preparedness is viewed as a deliberate planning process by an individual and ought to start a long while before actual organization – employee separation. It is therefore important to relook at the concept of employee separation planning and retirement preparedness when it is mediated by employee decision which is integral to the life mastery of control that an individual exhibit. The target population was 1,238 teachers aged 50 years and above and employed in public secondary schools in Kenya by 2017. A representative sample of 334 respondents was selected using multistage sampling technique. Data was collected using semi structured questionnaire and interview guide. Logit regression was used to establish the relationships between variables in the study and to test the null hypotheses at P ≤ 0.05 and 95% confidence level. The study found that employee decision making had partial mediating effect on the relationship between employee separation planning and retirement preparedness. The study recommended the government and the employer organizations to enact frameworks that encourages and stimulates employees to make decisions to engage in programmes geared towards separation planning for successful retirement preparedness.

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Section: Statement Of the Problemmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Mediating Role of Employee Decision on Relationship Between Employee Separation Planning and Retirement Preparedness in Kenya

Gathiira¹,

Muathe²,

Kilika³

2020

IJBA

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“…As a result, the most important problem of the PAYG system, its dependence on demographics, is eliminated. I have demonstrated the errors of the PAYG system, and the principles according to which an HC system should be constructed, in several studies (Banyár 2016a(Banyár , 2017(Banyár , 2019a(Banyár , 2019b(Banyár , 2019c. However, the focus of these studies was always a description of the problems associated with PAYG, and I was only able to explain in a very limited manner how an HC system could actually be constructed.…”

Section: Introductionmentioning

confidence: 99%

The Outlines of a Possible Pension System Funded with Human Capital

Banyár

2021

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The broadly used pay-as-you-go (PAYG) pension system is intrinsically wrong. The essence of the problem is that the PAYG system distributes the yield of raising children, i.e., of human capital investment (which is essentially the pension contribution), in such a way that it disregards the extent to which individuals have contributed to this, and even whether it has occurred at all. This error can be corrected if we take the pension contribution to be the yield on an investment of human capital, and as such use this to pay back the costs and expenses of the raising of the contribution payer—overall to those who paid these costs and expenses at the time. Accordingly, the central question of my study is whether it is possible to construct a consistent pension system based on the above foundations, and how my ideas may be inserted into the Diamond–Samuelson model. The method of the study was logical analysis and the construction of a theoretical mathematical model. The results of the study show that it is possible to construct a public pension system that operates according to a different logic than today’s system, a system which is free from the effects of demographic fluctuations, which does not motivate the refusal to have children, and which will remain self-sufficient under all circumstances. The study achieves this by presenting a possible pension system of this kind in detail. Via the suitable modification of the Diamond–Samuelson model, I have succeeded in showing that the pension system I am proposing increases the willingness to have children up to the social optimum, in contrast to the fully (but traditionally) funded and PAYG systems. This system currently only exists in theory and may be regarded as a major theoretical innovation, which naturally has certain (although not particularly extensive) antecedents. Its introduction could enable the resolution of the contradictions of existing pension systems and could also provide a solution to the as yet unsolved problem of the increasingly expensive regeneration of human capital, and as such, its potential practical implications are immeasurable.

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Between Successful and Unsuccessful Ageing: Selected Aspects and Contexts

Cited by 2 publications

References 27 publications

Mediating Role of Employee Decision on Relationship Between Employee Separation Planning and Retirement Preparedness in Kenya

Mediating Role of Employee Decision on Relationship Between Employee Separation Planning and Retirement Preparedness in Kenya

The Outlines of a Possible Pension System Funded with Human Capital

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