Demographic Analysis of Financial Literacy Level in Azerbaijan

Akbulaev, Nurkhodzha; Mammadova, Matanat

doi:10.13189/ujaf.2021.090305

Cited by 5 publications

(5 citation statements)

References 22 publications

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“…These factors can be gender difference, access to education, ethnicity, personal finance, lack of trust in financial institutions, distance and lack of proper guidance. A few of these hindrances were also corroborated by earlier researchers [32]. Further exploratory studies on the topic can be undertaken related to gender, ethnicity and trust with financial inclusion and literacy.…”

Section: Findings and Conclusionsupporting

confidence: 72%

“…Education is considered as one of the factors in determining whether one is financially literate or not. In a study in the Republic of Azerbaijan, it was found that Financial Literacy differs based on demographic factors such as gender, age, marital status, income, profession and education level [32]. Women who are single with low education levels are considered in the vulnerable group.…”

Section: Financial Literacymentioning

confidence: 99%

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Factors Contributing to Financial Literacy and Financial Inclusion among Women in Indian SHGs

Mishra¹,

Malik²,

Chitnis³

et al. 2021

ujaf

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The purpose of the study is to analyse the factors contributing to financial literacy and financial inclusion among women of self-help groups (SHGs) of Sisilo village in Balianta block of Bhubaneswar, India. A survey questionnaire was designed and administered to a sample of 100 women respondents in the age group of 18 to 59 years. The survey data were analysed using factorial analysis. Factor extraction was done by the method of principle component analysis. The three factors extracted which influenced financial literacy were identified as education level, awareness of bank and insurance products and household income. The four factors extracted which influenced financial inclusion were identified as product knowledge, risk level of products, insurance schemes for security, and availability of bank branch. A few of the factors are hindrances to financial literacy and financial inclusion which are gender difference, access to education, ethnicity, personal finance, lack of trust in financial institutions, distance and lack of proper guidance. The study will help bankers and policymakers to be aware of the factors that influence financial inclusion and financial literacy amongst women, and incorporate the same for implementing successful interventions for women SHGs in India.

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Section: Findings and Conclusionsupporting

confidence: 72%

Section: Financial Literacymentioning

confidence: 99%

Factors Contributing to Financial Literacy and Financial Inclusion among Women in Indian SHGs

Mishra¹,

Malik²,

Chitnis³

et al. 2021

ujaf

View full text Add to dashboard Cite

show abstract

“…Socio-demographic Indicators and Retirement Preparedness Financial planning behaviour including retirement preparedness has been investigated in the past and was found to be influenced by a myriad of factors including socio-demographics such as age, gender, ethnicity, marital status, education level, income level, number of children, household income, and many more (Tamborini & Purcell, 2016;Zhou & Chou, 2018;Kumar, Tomar & Verma, 2019;Chun, Fenn & Al-Khaled, 2021;Akbulaev & Mammadova, 2021). Therefore, selected socio-demographic variables, household size, and income adequacy are included in this study and the following are proposed: H5: There is a significant positive relationship between household size and retirement preparedness among Malaysian female millennials.…”

Section: 6mentioning

confidence: 99%

A Study of Retirement Preparedness among Malaysian Female Millennials

Jaafar,

Ismail,

Abdul Halim

et al. 2024

MAJCAFE

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The purpose of this study is to examine the effect of financial literacy, financial stress, financial management practices, saving behaviour, household size and income adequacy, on Malaysian female millennials’ retirement preparedness. A total of 268 questionnaires were self-administered and collected from Malaysian female millennials residing and working in the Klang Valley aged between 26 to 41 years old using a purposive stratified sampling method. Regression analyses were performed using SPSS software to determine the influence of variables investigated on retirement preparedness. Findings indicate that financial literacy level (β = 0.154, t-statistic = 2.669), financial stress level (β = 0.108, t-statistic = 2.207), saving behaviour (β = 0.281, t-statistic = 5.713) and household size (β = 0.242, t-statistic = 2.616), have significant positive effects on retirement preparedness. Income adequacy (β = – 0.298, t-statistic = – 2.595) on the other hand, is significantly and negatively associated with retirement preparedness, while financial management practices are found to have no influence. This study contributes to extant literature by examining the increasingly significant segment of the working population in our country. Hence, our findings should provide more insights to interested stakeholders in designing new or improving existing financial planning programs or mechanisms, particularly those related to retirement to better promote sound retirement planning among Malaysian female millennials.

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“…Section A contains information on the demographic profile of the respondents including gender, age, ethnicity, marital status, household size and current income adequacy. These demographic characteristics were previously found to have associations with various financial planning behaviour such as retirement planning [15,37] and therefore were controlled in the study. Section B consisted of information on financial literacy level (FLL) adopted from [38].…”

Section: Research Instrumentmentioning

confidence: 99%