Title:
The Effect of Financial Knowledge and Materialism on Pension Fund Planning Behavior with Impulsive Buying as a Mediation Variable

Authors:
Mellyza Silvy, Betty Widyaningrum, Linda Purnama Sari, Indonesia

Abstract:

The objective of this research is to examine the influence of financial knowledge and materialism on retirement planning behavior with impulsive buying as the mediation variable. The object of this study is the person or individual who manages family finances. These respondents were selected with the criteria of having a minimum income of 4 million rupias and having 2 years of experience in Surabaya, Gresik, and Sidoarjo. Based on these criteria, there are 321 selected respondents will be analyzed. The partial Least Square (PLS) Structural Equation Model was used to analyze the data. The results showed that financial knowledge has a significant positive effect on retirement planning behavior. But materialism has an effect that is not negative and insignificant to retirement planning behavior. The results also indicate that impulsive buying mediates the influence of materialism on retirement planning behavior.

DOI: https://doi.org/10.51505/IJEBMR.2023.7103