Perencanaan pensiun: peran pengetahuan keuangan, orientasi masa depan, dan locus of control
DOI:
https://doi.org/10.26740/jim.v13n4.p1049-1058Keywords:
external locus of control, financial knowledge, future orientation, retirement planning behaviorAbstract
A peaceful and prosperous retirement without financial problems is everyone's dream. This study aims to analyze the influence of financial knowledge and future orientation, mediated by external locus of control, on retirement planning behavior. The study used a quantitative approach. Testing was conducted on 321 respondents selected based on the following criteria: family financial managers with at least two years of work experience, a minimum family income of IDR 4,000,000 per month, and residing in Surabaya, Gresik, and Sidoarjo. Data were collected through questionnaires and analyzed using SEM PLS. The results indicate that financial knowledge and future orientation have a positive effect on retirement planning behavior, while external locus of control has a negative effect. These findings provide insight into the importance of improving financial knowledge through various means and enhancing future orientation through pension or retirement programs to improve retirement planning behavior. It is important to note the role of external locus of control, which weakens the influence of future orientation on retirement planning behavior.
References
Alfando, K., & Njo, A. (2025). Empowering Indonesian Millennials : The Role of Financial Literacy , Goal Clarity , and Risk Tolerance in Retirement Savings. https://doi.org/10.1002/cfp2.70013
Chen, F., Fan, Y., Jiang, G., & Chen, J. (2024). How Overconfident Financial Knowledge Hinders Retirement Planning ? Mediating Analysis and Heterogeneity of Retirement Funding Sources. June, 1–15. https://doi.org/10.1177/21582440241242615
Chhillar, N., Sharma, K., & Arora, S. (2025). Acta Psychologica Exploring the role of digital financial literacy and personal financial behavior in shaping financial stress and well-being in the digital age. Acta Psychologica, 259(April), 105308. https://doi.org/10.1016/j.actpsy.2025.105308
Grable, J. E., Park, J.-Y., & Joo, S.-H. (2009). 2009_Explaining Financial Management Behavior_JOHN E GRABLE.pdf. The Journal of Consumer Affairs, 43(1), 80–107. https://doi.org/DOI: 10.1111/j.1745-6606.2008.01128.x
Halim, Y. K. E., & Astuti, D. (2015). Financial Stressors , Financial Behavior , Risk Tolerance , Financial Solvency , Financial Knowledge , dan Kepuasan Finansial. FINESTA, 3(1), 19–23.
Howlett, E., Kees, J., & Kemp, E. (2008). The Role of Self-Regulation , Future Orientation , and Financial Knowledge in L ... The Journal of Consumer Affairs;, 42(2), 223–242.
Id |, W. K. C., Pasar, J. I., Surat, D., Lainnya, B., Investor, J., & Dana, R. (2021). Pertumbuhan SID. 1–7. www.ksei.co.id
Kholilah, N. Al, & Iramani, R. (2013). STUDI FINANCIAL MANAGEMENT BEHAVIOR PADA MASYARAKAT SURABAYA. Journal of Business and Banking, 3(1), 69–80.
Mien, N. T. N., & Thao, T. P. (2015). Factors Affecting Personal Financial Management Behaviors : Evidence from Vietnam. Proceedings of the Second Asia-Pacific Conference on Global Business, Economics, Finance and Social Sciences (AP15Vietnam Conference), 10–12.
Moorthy, M. K., Chelliah, T. D. a/l, Sien, C. S., Kai, N. Z., Rhu, W. C., & Teng, W. Y. (2012). A Study on the Retirement Planning Behaviour of Working Individuals in Malaysia. International Journal of Academic Research in Economics and Management Sciences, 1(2), 54–72.
Nogueira, M. C., & Almeida, L. (2025). Financial Literacy , Financial Knowledge , and Financial Behaviors in OECD Countries. 1, 1–15.
Nurmi, J.-E. (1991). How Do Adolescents See Their Future ? A Review of the Development of Future Orientation and Planning. Developmental Review, 59, 1–59. https://doi.org/https://doi.org/10.1016/0273-2297(91)90002-6
Oulivia Nilawati, L. A. (2025). International Journal of Social Science Research and Review. 8(7), 452–466.
Perry, V. G., & Morris, M. D. (2005). Who Is in Control ? The Role of Self-Perception , Knowledge , and Income in Explaining Consumer Financial Behavior. The Journal of Consumer Affairs, 39(2), 299–313. https://doi.org/DOI:10.1111/J.1745-6606.2005.00016.X
Pratami, R. (n.d.). 2024 Pratami, Riawan LOC DAN OVERCONFIDENCE TERHADAP KEPUTUSAN INVESTASI PEKERJA MIGRAN INDONESIA.pdf.
Rotter, J. B. (1966). Generalized Expectancies For Internal Versus External Control of Reinforcement. Psychological Monographs: General and Applied, 80(1). https://doi.org/https://doi.org/10.1037/h0092976
ROTTER, J. B. (1998). Generalized Expectancies For Interna L Versus Externa L Control Of Reinforcement. Financial Services Review, 7(2), 107–128.
Santoso, R. A., Vilantika, E., & Soelistya, D. (2024). Locus of Control Mediates The Impact of Financial Knowledge , Attitudes , and Experience on Financial Behavior. 15(2). https://doi.org/10.18196/mb.v15i2.23506
Sulistianingsih, H., Srihasnita, R., & Zetri, R. (2025). Does Financial Literacy Mediate , Future Perspective , and Risk Tolerance On Retirement Saving Behavior . 9(1), 125–138. https://doi.org/http://dx.doi.org/10.33019/ijbe.v9i1.1093
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Abstract views: 0
,
PDF Downloads: 0
