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Volume 8, Issue 1

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Volume 8, Issue 1



Dr. Chandan Kumar Tiwari, Dr. Prashant Dev Yadav, Mr. Chintan Vadgama

  1. Department of Business Studies, University of Technology and Applied Sciences, Muscat, Oman
  2. Symbiosis Centre for Management Studies, NOIDA, Symbiosis International (Deemed University), Pune, India
  3. Emirates Institute for Banking and Financial Studies, Abu Dhabi, UAE

Financial literacy is an important determinant of retirement planning. It deals with knowledge of financial products, financial concepts including the ability to apply mathematical skills for financial decision-making. In the past, studies are majorly conducted in the area of financial literacy and retirement planning, however, limited studies have been conducted empirically analyzing the role of financial knowledge, financial attitude, behavior taken together, and their impact on retirement planning. In this paper, we have investigated the relationship between financial attitude, behaviour, and retirement planning in the context of an emerging economy like India. Further, we study the mediation effect of financial behaviour and the moderation effect of financial knowledge on financial attitude and retirement planning. With the help of Structural Equation Modelling, we analysed and found that financial behaviour and retirement planning are significantly and positively related.


Financial Knowledge, Financial Literacy, Financial Behaviour, Financial Attitude, Retirement Planning

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