Banca de DEFESA: EDUARDA AUGUSTA SALES RODRIGUES GOMES DA SILVA

Uma banca de DEFESA de DOUTORADO foi cadastrada pelo programa.
STUDENT : EDUARDA AUGUSTA SALES RODRIGUES GOMES DA SILVA
DATE: 13/06/2024
TIME: 14:00
LOCAL: Híbrido (sala de reuniões FACE)
TITLE:

THE COST-BENEFT OF AGING FROM THE PERPECTIVE OF FINANCIAL WELL-BEING

KEY WORDS:

Aging, Financial Capability, Financial Well-Being, Psychological Resilience, Grit.

PAGES: 148
BIG AREA: Ciências Sociais Aplicadas
AREA: Administração
SUBÁREA: Ciências Contábeis
SUMMARY:

In this thesis, three studies address different topics on "The cost-benefit of aging from the perspective of financial well-being". My aim is to analyze the "main" factors that influence financial well-being outcomes: preparedness for retirement and resilience for the future. In study 1, the joint effect of self-control and confidence (PsyFactor1), as well as a lack of concern for social status in conjunction with an action orientation (PsyFactor2), were suggested as "key" psychological factors influencing better financial behavior. Also, grit and resilience for the future apparently improved the financial behavior/capability model of the older group. In addition, the attitude of maintaining private investments to ensure one's old age was related to preparedness for retirement, resilience for the future, and financial well-being in the young and mature groups but not in the older group. Study 1 also indicates that attitudes towards contributing to retirement were associated with high levels of preparedness for retirement. However, it seems that the retirement contribution variables were not considered as important for the older group as for the mature and young groups. In general, regardless of age, many believe that they will not have an adequate retirement income without a state pension or without working, and few maintain private investments and report contributing to a supplementary pension scheme to guarantee their own retirement. In addition to the objective measure of age, study 2 took into account the future time perspective and recognized that people's preferences are not due to age alone but to perceived limitations in time. I would highlight the relationship between future-oriented psychological factors with favorable long-term decisions and measures of financial well-being. Self-control was strongly related to less current stress in managing money and future time perspective to expected future financial security. Grit and psychological resilience were also relevant to preparedness for retirement and perceived financial well-being, and despite not being the main focus of the thesis, the grit metric proved to be better than psychological resilience in further analysis. The male gender variable is also noteworthy for its appearance in several of our results. It appeared as the only socioeconomic variable significantly related to expected future financial security and perceived financial well-being. Finally, in study 3, using an experiment that provided participants with the opportunity to think about their expectations of financial well-being and/or the concept of financial capability, the simple fact of drawing people's attention to financial capability and well-being altered their perceptions in relation to preparing for retirement, resilience for the future and financial well-being. Our results also contribute to the literature examining the relationship between wealth and insurance. The fact that the less wealthy have less preparedness for retirement, resilience for the future, and financial well-being might increase financial health disparities among individuals at older ages. In the face of a rapidly aging population, these results are important with regard to future financial protection. The results can inform financial institutions, policymakers, and individuals interested in making better financial decisions that are essential for old age.

COMMITTEE MEMBERS:
Externo à Instituição - SADY MAZZIONI - Unochapecó
Presidente - 6404897 - CESAR AUGUSTO TIBURCIO SILVA
Interna - 1451168 - DUCINELI REGIS BOTELHO
Interna - 2002946 - MARIANA GUERRA
Externo à Instituição - MATEUS CANNIATTI PONCHIO - FGV