Does Financial Literacy Impact Financial Decision Making Among The Government Employee

Ratna Komara, Arie Widyastuti, Layyinaturrobaniyah

2018

Abstract

Having an adequate financial literacy is a necessary tool for employees, especially in welcoming retirement, and an absent of it can lead to economic hardship for an individual and potentially for the other family members. Public servants in the government institutions are often considered as the vulnerable group that do not possess proper financial knowledge due to little access to personal financial training at their workplaces, as well as limited time to cultivate entrepreneurial skills. This paper aimed to better understand the level of financial literacy and its relation to financial decision making during the workers’ prime earning years when they are making key financial decisions. 380 questionnaires were distributed to government employees in Bandung, with 85% return rate. The result reveals that better financial literacy leads to better financial decision at 1% significance level. This study also indicated that, although demographic profiles such as gender, age, marital status, education and career level have positive correlation with the level of financial literacy, they do not have mediating effect to the financial literacy and financial decision making of the bureaucrats.

Paper Citation

in Harvard Style

Komara R., Widyastuti A. and Layyinaturrobaniyah. (2018). Does Financial Literacy Impact Financial Decision Making Among The Government Employee.In Proceedings of the Journal of Contemporary Accounting and Economics Symposium 2018 on Special Session for Indonesian Study - Volume 1: JCAE Symposium, ISBN 978-989-758-339-1, pages 612-622. DOI: 10.5220/0007018806120622

in Bibtex Style

@conference{jcae symposium18,
author={Ratna Komara and Arie Widyastuti and Layyinaturrobaniyah},
title={Does Financial Literacy Impact Financial Decision Making Among The Government Employee},
booktitle={Proceedings of the Journal of Contemporary Accounting and Economics Symposium 2018 on Special Session for Indonesian Study - Volume 1: JCAE Symposium,},
year={2018},
pages={612-622},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007018806120622},
isbn={978-989-758-339-1},
}

in EndNote Style

TY - CONF

JO - Proceedings of the Journal of Contemporary Accounting and Economics Symposium 2018 on Special Session for Indonesian Study - Volume 1: JCAE Symposium,
TI - Does Financial Literacy Impact Financial Decision Making Among The Government Employee
SN - 978-989-758-339-1
AU - Komara R.
AU - Widyastuti A.
AU - Layyinaturrobaniyah.
PY - 2018
SP - 612
EP - 622
DO - 10.5220/0007018806120622