Income Disparity among Older Malaysians

Masud, Jariah; Haron, Sharifah Azizah

doi:10.5296/rae.v6i2.5578

Cited by 16 publications

(15 citation statements)

References 24 publications

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“…This means that many senior citizens still suffer from poverty. Data obtained by Masud and Haron (2014) confirm this fact, showing that based on revenue, 70% of seniors are below the poverty line. In fact, most seniors do not get economic protection, particularly from children.…”

Section: Introductionmentioning

confidence: 59%

Ethics and Decision-Making for Sustainable Business Practices

Oncioiu¹

2018

Advances in Business Strategy and Competitive Advantage

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Population and life expectancy of the elderly are increasing in Malaysia, while the birth rate is declining. Increasing age results in physical and psychological changes. Life at this age can be challenging, especially from an economic standpoint. Economic protection refers to a sense of safety and protection derived from a solid income or other resources to support present and future needs. People need food, clothing, shelter, and good health to survive. In Islam, this is a basic requirement for human life. Inadequate economic protections contribute to increased poverty and affect the quality of life, contrary to the philosophy of the objectives of Islamic law, which seek to preserve its five major interests: religion, life, property, lineage, and intellect. As a holistic religion, Islam does not ignore economic protection and its role in preserving human life, including for the elderly. This chapter discusses forms of economic protection for the elderly that ensure achievement of the objectives of Islamic law.

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Section: Introductionmentioning

confidence: 59%

Ethics and Decision-Making for Sustainable Business Practices

Oncioiu¹

2018

Advances in Business Strategy and Competitive Advantage

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“…New categories of poverty are emerging from globalization consisting of foreign migrant workers and urbanization that is the rural-urban migration in search for job opportunities. Besides this, the issue of an aging population is surfacing, as by the year 2020 the number of Malaysian above 60 years will reach 3.25 million an increase of 210% from the year 1990 (Mafauzy, 2000) and are vulnerable to poverty as their employment opportunities are limited (Masud & Haron, 2014). As mentioned by Nair & Sagaran (2015) comprehensive policies which are dynamic that pulls the poor out of their doldrums and integrate with the modern sector to move up the value chain are needed to address poverty.…”

Section: Conclusion and Recommendationsmentioning

confidence: 99%

Examining the Linkage between Poverty and Macroeconomic Variables in Malaysia: A Co-integration Analysis

Kaur

Jalil

2017

IMBR

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The purpose of this paper is to examine the linkage between the macroeconomic variables i.e. gross domestic product per capita (GDP), unemployment (UNE), tourist receipts (TOU), consumer price index (CPI) and poverty rate (POV) in Malaysia from 1969-2014. The econometric techniques used are unit root test and the Johansen Cointegration. The Granger Causality test using Block Exogeneity Wald test was added to analyze the causal relationships between the variables. The unit root test showed that all variables were stationary at first difference and thus the Johansen Co-integration test is an appropriate technique to employ. The evidence from co-integration test indicates that all the five series have three (3) co-integrating equations and significance at 1 percent level of significance. The causality test indicated there is a significant unidirectional causality between POV on GDP, CPI on POV, POV on TOU, GDP on UNE, GDP on TOU and CPI on TOU and bidirectional causality between POV and UNE. This paper is possibly the first to discuss these relationships in Malaysian context using Co-integration analysis. The finding implies that poverty is the key issue that should be addressed to achieve a high-income country status in the year 2020.

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“…Retirement villages have been widely accepted as a viable accommodation option, and are seen by a small but increasing number of retirees as a desirable and appropriate place to live after they retire (Stimson, 2002). e-issn: 2229-8568 e-issn: Rapid national development programs, undertaken since independence, have resulted in increased income, better health, lower fertility, higher educational attainment, and increased life expectancy among the Malaysian population (Masud and Haron, 2014). As the financial ability of older people in Malaysia is increasing, therefore, a new and more comprehensive elderly care is seen as an emerging trend.…”

Section: Introductionmentioning

confidence: 99%

Potential Development of Retirement Village in Malaysia

Yassin

Masram

Khim

2018

IJPS

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As life styles keep changing, people are now paying more attention towards their retirement life. The decision of where to live during their retirement life is related to many factors, such as financial resources, retirement timing and health status. Retirement village is a new concept in Malaysia as compared to the developed countries and there is still lack of public knowledge and awareness towards retirement village. In Malaysia, developers have cited lack of expertise, unfamiliarity with retirement village concept and high cost as constraints faced to build and manage retirement village. Therefore, the main objective of this paper is to study an awareness of the public towards retirement village concept in Malaysia. Through a survey conducted in Ipoh, the majority of the respondents prefer to stay at their own house after retirement rather than staying at retirement village. Moreover, respondents also indicated a medium level of acceptance towards potential development of retirement village concept in Malaysia, and the provision of 24 hours security and better healthcare were identified as the prominent services to be provided for the homes. It is hoped that the findings from this study would be useful to create awareness to the relevant stakeholders comprising local governments, developer and property investors for the purpose of retirement village development in the future.

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Income Disparity among Older Malaysians

Cited by 16 publications

References 24 publications

Ethics and Decision-Making for Sustainable Business Practices

Ethics and Decision-Making for Sustainable Business Practices

Examining the Linkage between Poverty and Macroeconomic Variables in Malaysia: A Co-integration Analysis

Potential Development of Retirement Village in Malaysia

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