A Comparative Study of Female Retirement Awareness and Readiness in Malaysia and China

Abstract

A phenomenon has emerged whereby the life expectancy of women is 74.2 years, and men's is 69.8 years. Hence, it is crucial to encourage early retirement planning among women. This study explores the factors influencing retirement planning awareness and readiness among women in Malaysia and China. 100 Malaysians and 200 Chinese completed a self-administered online questionnaire. Using IBM SPSS and SmartPLS, the determinants examined the moderating effect of self-efficacy toward retirement readiness. This study will provide valuable insights for policymakers to adopt better strategies to address women's issues and improve their quality of life.