The Role of Financial Literacy on Savings Behavior among Employed Graduates in Bangladesh

UIU Institutional Repository

    • Login
    View Item 
    •   UIU DSpace Home
    • School of Business and Economics (SoBE)
    • Economics
    • Research Paper/Thesis (MSECO)
    • View Item
    •   UIU DSpace Home
    • School of Business and Economics (SoBE)
    • Economics
    • Research Paper/Thesis (MSECO)
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    The Role of Financial Literacy on Savings Behavior among Employed Graduates in Bangladesh

    Thumbnail
    View/Open
    124192001.pdf (856.9Kb)
    Date
    2021-10-23
    Author
    Azam, Shah Waseef
    Metadata
    Show full item record
    Abstract
    In this study, we explore financial literacy and the role of financial literacy in the savings behavior of employed graduates in Bangladesh. Additionally, we explore existing policies and landscape components which help people engage in savings activities and what retirement savings policies are being employed in countries around the world. Automatic enrollment has been found to have visible impact on the participation in savings activities by employees. Financial literacy however, appears to have very strong influence on the decision making process. The study is modelled after existing research on the subject matter and conducts an assessment in accordance with internationally comparable surveys on financial literacy. The findings suggest that financial literacy has a strong relationship with active savings behavior as well as being strongly influenced itself, by the field of education and gender of the respondent. How the respondents perceive themselves and their savings behavior also has a strong impact on their actual savings behavior. Highly motivated savers are likely to actively seek out savings opportunities, but relaxed savers are not likely to go out looking but are likely to be receptive to opportunities presented to them such as AE. Female participants tend to score poorly in financial literacy despite having comparable education and employment.
    URI
    http://dspace.uiu.ac.bd/handle/52243/2696
    Collections
    • Research Paper/Thesis (MSECO) [24]

    Copyright 2003-2017 United International University
    Contact Us | Send Feedback
    Developed by UIU CITS
     

     

    Browse

    All of DSpaceCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

    My Account

    LoginRegister

    Copyright 2003-2017 United International University
    Contact Us | Send Feedback
    Developed by UIU CITS