Retirement Saving Behaviour: the moderating effect of socio-demographics

This study was conducted to examine the relationship between future time perspective (FTP), financial risk tolerance (FRT), knowledge of financial planning for retirement (KFPR), and retirement saving behaviour (RSB), as well as the moderating effect of demographics, on the relationship between these variables. Data was collected primarily through non-probability judgmental sampling. 312 United Arab Emirates (UAE) individuals working at universities participated in the study. Data analysis was carried out using Smart-PLS and SPSS software packages. It was found that FTP positively influenced RSB, while FRT was insignificant. Moreover, age, gender, nationality, education level, and monthly income played moderating roles in the model. Policymakers should implement policies to include personal finance and financial planning in school and university curricula to improve people's awareness of the importance of retirement planning. Education resources can be wisely channeled to address insufficient retirement planning by regulators and policymakers.