A Scoping Review of Retirement Planning Research Trends in Sub-Saharan Africa

Author:

Aba Sam Kate1ORCID,Sarpong Dwumoh Joseph2ORCID,Kojo Abreh Might3ORCID

Affiliation:

1. College of Agriculture and Natural Sciences, University of Cape Coast, Ghana

2. Department of Agricultural Economics and Extension, University of Cape Coast, Ghana

3. Institute for Educational Planning and Administration (IEPA), University of Cape Coast, Ghana

Abstract

Planning for retirement is positively related to retirement well-being and satisfaction. Africa’s largely youthful population will eventually age, with most people exiting the workforce in time. However, much of the world’s research on retirement planning is focused more on the developed world contexts. This scoping review was done to ascertain the vigor and breadth of research on retirement planning in Sub-Saharan Africa from 2000 to 2020. Using Boolean combinations of keywords, the researchers accessed 1546 documents from Google Scholar. After screening, 53 articles were reviewed. It was found that publications about Nigeria dominated the literature; most studies in the sub-region are quantitative and, most studies focused on predictors of retirement planning, preparedness and satisfaction. Retirement planning in Africa is generally under-researched. The authors made suggestions for future studies.

Publisher

Gitoya Centre for Academic Research and Dissemination

Subject

Management of Technology and Innovation

Reference105 articles.

1. Abubakar, H. S. (2011). Pre-retirement planning and counselling needs of lecturers of tertiary institutions in Sokoto State. SER, 12, 269– 284

2. Adam, A. M., Frimpong, S., & Boadu, M. O. (2017). Financial literacy and financial planning: implication for financial well-being of retirees. Business and Economic Horizons, 13(2), 224–236. https://doi.org/10.15 208/beh.2017.17.

3. Adams, G. A., & Rau, B. L. (2011). Putting off tomorrow to do what you want today: planning for retirement. American Psychologist, 66(3), 180–192. https://doi.org/10.1037/a0022131.

4. Adeabah, D. (2020). Pension literacy and retirement planning in an emerging economy. SSRN Electronic Journal, 1–9. https://doi.o rg/10.2139/ssrn.3551916.

5. Adenutsi, D. E. (2019). Retirement planning: conceptualisation, challenges and policy options. Seminar on Financial Management and Retirement Planning at Unity Assemblies of God Church, Haatso, Accra on 22 July, 2009, MPRA Paper No. 29572. https://mpra.ub.uni-muenchen.de/29572/.

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