Analysis Model of Millennial’s Intention in Pension Fund Planning

Agus Hely Setyono, Devina Witiasari, Ihda Ghea Adhiba, Dewi Tamara

doi:10.17762/pae.v57i9.2101

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Published: Dec 30, 2020

DOI: https://doi.org/10.17762/pae.v57i9.2101

Agus Hely Setyono, Devina Witiasari, Ihda Ghea Adhiba, Dewi Tamara

Abstract

Pension funds are funds that must be prepared early before someone entering retirement time to achieve their financial goals. However, many people do not prepare their pension funds. Some factors influence people in preparing for a retirement fund. This research aims to investigate the intention of millennials in Indonesia in planning their pension funds. We use Ajzen's (1991) theory of planned behavior (TPB) to fully understand variables that affecting millennial’s intention and interests in pension fund planning, then explaining the relationship between each variable. The results are found that financial attitudes and behaviors, subjective norms, and self-control behavior affected millennial’s intention in pension funds planning.

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Vol. 57 No. 9 (2020): Volume 57 No. 9 (2020)

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