Projection of retirement adequacy under wealth-needs model using simulated data

Ros Idayuwati Alaudin, Noriszura Ismail, Zaidi Isa

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

Abstract

The objective of this study is to estimate the retirement wealth adequacy of future retirees under defined contribution (DC) plan in Malaysia using wealth-need model and simulation approach. Several feasible scenarios are projected, including the best case (or optimistic) and worse case (or pessimistic) scenarios, based on several related assumptions. The results show that 36% of households are projected to have adequate retirement benefits under the pessimistic scenario, while 84% of households are projected to have adequate retirement benefits under the optimistic scenario.

Original languageEnglish
Title of host publication4th International Conference on Mathematical Sciences - Mathematical Sciences
Subtitle of host publicationChampioning the Way in a Problem Based and Data Driven Society, ICMS 2016
PublisherAmerican Institute of Physics Inc.
Volume1830
ISBN (Electronic)9780735414983
DOIs
Publication statusPublished - 27 Apr 2017
Event4th International Conference on Mathematical Sciences - Mathematical Sciences: Championing the Way in a Problem Based and Data Driven Society, ICMS 2016 - Putrajaya, Malaysia
Duration: 15 Nov 201617 Nov 2016

Other

Other4th International Conference on Mathematical Sciences - Mathematical Sciences: Championing the Way in a Problem Based and Data Driven Society, ICMS 2016
CountryMalaysia
CityPutrajaya
Period15/11/1617/11/16

Fingerprint

retirement
adequacy
projection
Malaysia
estimates
simulation

ASJC Scopus subject areas

  • Physics and Astronomy(all)

Cite this

Alaudin, R. I., Ismail, N., & Isa, Z. (2017). Projection of retirement adequacy under wealth-needs model using simulated data. In 4th International Conference on Mathematical Sciences - Mathematical Sciences: Championing the Way in a Problem Based and Data Driven Society, ICMS 2016 (Vol. 1830). [040003] American Institute of Physics Inc.. https://doi.org/10.1063/1.4980931

Projection of retirement adequacy under wealth-needs model using simulated data. / Alaudin, Ros Idayuwati; Ismail, Noriszura; Isa, Zaidi.

4th International Conference on Mathematical Sciences - Mathematical Sciences: Championing the Way in a Problem Based and Data Driven Society, ICMS 2016. Vol. 1830 American Institute of Physics Inc., 2017. 040003.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Alaudin, RI, Ismail, N & Isa, Z 2017, Projection of retirement adequacy under wealth-needs model using simulated data. in 4th International Conference on Mathematical Sciences - Mathematical Sciences: Championing the Way in a Problem Based and Data Driven Society, ICMS 2016. vol. 1830, 040003, American Institute of Physics Inc., 4th International Conference on Mathematical Sciences - Mathematical Sciences: Championing the Way in a Problem Based and Data Driven Society, ICMS 2016, Putrajaya, Malaysia, 15/11/16. https://doi.org/10.1063/1.4980931
Alaudin RI, Ismail N, Isa Z. Projection of retirement adequacy under wealth-needs model using simulated data. In 4th International Conference on Mathematical Sciences - Mathematical Sciences: Championing the Way in a Problem Based and Data Driven Society, ICMS 2016. Vol. 1830. American Institute of Physics Inc. 2017. 040003 https://doi.org/10.1063/1.4980931
Alaudin, Ros Idayuwati ; Ismail, Noriszura ; Isa, Zaidi. / Projection of retirement adequacy under wealth-needs model using simulated data. 4th International Conference on Mathematical Sciences - Mathematical Sciences: Championing the Way in a Problem Based and Data Driven Society, ICMS 2016. Vol. 1830 American Institute of Physics Inc., 2017.
@inproceedings{67caae436a6e4c88bc227bd541c4f9bd,
title = "Projection of retirement adequacy under wealth-needs model using simulated data",
abstract = "The objective of this study is to estimate the retirement wealth adequacy of future retirees under defined contribution (DC) plan in Malaysia using wealth-need model and simulation approach. Several feasible scenarios are projected, including the best case (or optimistic) and worse case (or pessimistic) scenarios, based on several related assumptions. The results show that 36{\%} of households are projected to have adequate retirement benefits under the pessimistic scenario, while 84{\%} of households are projected to have adequate retirement benefits under the optimistic scenario.",
author = "Alaudin, {Ros Idayuwati} and Noriszura Ismail and Zaidi Isa",
year = "2017",
month = "4",
day = "27",
doi = "10.1063/1.4980931",
language = "English",
volume = "1830",
booktitle = "4th International Conference on Mathematical Sciences - Mathematical Sciences",
publisher = "American Institute of Physics Inc.",

}

TY - GEN

T1 - Projection of retirement adequacy under wealth-needs model using simulated data

AU - Alaudin, Ros Idayuwati

AU - Ismail, Noriszura

AU - Isa, Zaidi

PY - 2017/4/27

Y1 - 2017/4/27

N2 - The objective of this study is to estimate the retirement wealth adequacy of future retirees under defined contribution (DC) plan in Malaysia using wealth-need model and simulation approach. Several feasible scenarios are projected, including the best case (or optimistic) and worse case (or pessimistic) scenarios, based on several related assumptions. The results show that 36% of households are projected to have adequate retirement benefits under the pessimistic scenario, while 84% of households are projected to have adequate retirement benefits under the optimistic scenario.

AB - The objective of this study is to estimate the retirement wealth adequacy of future retirees under defined contribution (DC) plan in Malaysia using wealth-need model and simulation approach. Several feasible scenarios are projected, including the best case (or optimistic) and worse case (or pessimistic) scenarios, based on several related assumptions. The results show that 36% of households are projected to have adequate retirement benefits under the pessimistic scenario, while 84% of households are projected to have adequate retirement benefits under the optimistic scenario.

UR - http://www.scopus.com/inward/record.url?scp=85019410072&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85019410072&partnerID=8YFLogxK

U2 - 10.1063/1.4980931

DO - 10.1063/1.4980931

M3 - Conference contribution

AN - SCOPUS:85019410072

VL - 1830

BT - 4th International Conference on Mathematical Sciences - Mathematical Sciences

PB - American Institute of Physics Inc.

ER -