Identifying The Conceptualization, Measurement of Retirement Planning: A Systematic Review

Abstract

Retirement planning (hereafter, RP) has become a fundamental topic in academic research over the last decade. Despite its development, there is no consensus among scholars on its measurement. This study aimed to tackle the challenge of evaluating RP behaviors across different domains. A comprehensive review journal publications were retrieved the 2000–2023 period from Web of Science. The presentation of methods and results followed the recommendations outlined in the PRISMA guidelines. 32 journal publications were included in this review. Three key trends emerge from the results of our systematic review of the measurement of RP: a majority (53.13%) of RP studies utilizes a unidimensional approach; few measurements of RP were based on any theory; a lack of consistency in the measurement multidimensional approaches. Additionally, we have introduced a thorough framework has also been proposed to define RP in terms of dimensions, antecedents and outcomes. The authors suggest researchers investigating RP’s financial aspects consider Stawski et al.’s work for a nuanced measurement framework. For those interested in a comprehensive analysis of various facets of RP, the researchers propose Muratore et al.’s three-dimensional framework for a comprehensive approach to measurement.