TITLE

Financial Satisfaction, Resource Transfers and Bequest Motives among Malaysia's Urban Older Adults

AUTHOR(S)
Chong Shyue Chuan; Lim Chee Seong; Wong Hong Chau
PUB. DATE
June 2014
SOURCE
Australian Journal of Basic & Applied Sciences;2014 Special, Vol. 8 Issue 8, p15
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The main objective of this study is to investigate the relationship between bequest motives and financial satisfaction of the urban older adults as well as their respective relationships with the family resource transfers. This research has applied the framework of the social support theory (resource transfers) and bequest models as well as has adapted the older adults? financial satisfaction as a proxy variable to measure older people?s financial status. Particularly, this study perceived that older adults? financial satisfaction and resource transfers from children are the important domains in determining older people?s bequest motives. Generally, as highlighted in the social support theory, older people?s financial satisfaction plays an important role in determining the resource transfers from children to older parents. In this study, the target sampling were those aged 50 years and above and residing within the state of Selangor Darul Ehsan, Malaysia. Based on the Census of Malaysia 2010, stratified sampling was employed by the Department of Statistics Malaysia to select eligible samples from nine administrative districts of Selangor. This primary research was collected through face to face interviews with structured questionnaires from April to June 2011. There are three types of languages that were used in the survey questionnaire; namely English as the main language and the questionnaire has been translated into Malay language and Mandarin. The final sample size is 760 and was used in this study. From the result of the principal component analysis and reliability analysis, it is found that urban older adults in Malaysia are more conformed to altruism model, selfish life-cycle model, and social norms and tradition, but far from the dynasty model. In general, through the multiple regression analysis, it can be concluded that older adults who are fall in the altruism model would have positive effects with older people?s financial satisfaction and time resource transfers, but have negative effects on financial resource transfers from children. Secondly, older adults who have their bequest motives skewed towards the selfish life-cycle model are negatively related to financial satisfaction and time resource transfers from children, but have positive effect on financial resource transfers. Lastly, older adults? bequest motives which are skewed towards the social norms and tradition model have positive relationship with informational support and financial resource transfers, but are negatively related to esteem support.
ACCESSION #
96793540

 

Related Articles

  • Small communities aren't destined to decay. Mutz, John // Indianapolis Business Journal;5/23/2011 Supplement, p12B 

    The article offers the author's insights on the development of small cities and towns. The author mentions that some cities and towns in Indiana will suffer an economic decay because of the decline in population, incomes, and increase in older people. He states that through determination and...

  • KYLE vs BUDA. Biundo, Jen // Hays Free Press (Buda, TX);6/27/2007, Vol. 104 Issue 12, p1B 

    The article provides information on the economic condition between Kyle and Buda in Texas including its average home value, property tax rates and grocery stores.

  • Parents who need children's care: exploring the association between intergenerational relations and subjective economic strain among older adults in Taiwan. TZU-YUNG LIN; CHI CHIAO // Taiwan Journal of Publich Health / Taiwan Gong Gong Wei Sheng Za;Dec2013, Vol. 32 Issue 6, p599 

    Objectives: In the context of Confucian culture, the main unit of support for older parents in Taiwan is the family system. This points out the important connection between intergenerational relations and subjective economic strain. We utilized the intergenerational solidarity theory to explore...

  • 16. Regional Analysis. Gross, Walter // Journal of Marketing;Apr1967, Vol. 31 Issue 2, p85 

    An abstract of the article "The Big Cities' Big Problem," by John F. Kain, appearing in the September/ October 1966 issue of "Challenge: The Magazine of Economic Affairs," is presented.

  • A Tale of Three Cities. Andrews, James H. // Planning;Jul2001, Vol. 67 Issue 7, p18 

    Deals with the success of technology development in three cities of the United States that greatly improve economic development. Factors that influenced the success; Background of cities' economic conditions; Goal of the cities.

  • Boskoop back on track but market cautious. MacKenzie, Gemma // Horticulture Week;10/15/2010, p5 

    The article reports on the return of the town Boskoop region following the longhorn beetle outbreak despite the caution of the market in the Netherlands.

  • 1 in 4.  // Green Futures;Jan2009, Issue 71, p13 

    The article offers information on the ration of city dwellers who suffers from lack of environmental conducive place to live. The National Trust announced that one in four city dwellers suffer from green place poverty in London, which means only two or fewer population have access to...

  • What they think….  // Inside Tucson Business;4/17/2006, Vol. 15 Issue 45, p20 

    A map of the U.S. is presented, particularly those of Tucson, Arizona, and the cities it is competing against for economic development, and which includes the views of site selectors about them.

  • Donor-specific techniques help charitable sales. Friedman, Amy S. // National Underwriter / Life & Health Financial Services;10/2/95, Vol. 99 Issue 40, p7 

    Provides insights in selling charitable gift plans as discussed at the National Endowment for Financial Education annual conference. Personality categories of potential donors; Technique in converting charitable gift plans to include tax relief and a succession plan; Charitable Employee Stock...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics