The Influence of Culture and Mentality on Retirement Planning in Kazakhstan

Authors

  • Aigerim Bakhtgalieva APU
  • Madina Tasheva APU
  • Benjamin Chan Yin-Fah APU

DOI:

https://doi.org/10.18034/abr.v8i2.153

Keywords:

Retirement planning, working adults, culture, mentality

Abstract

The world is experiencing ageing phenomenal and the topic of individual retirement planning is becoming more important than before. Many studies focus on factors toward retirement planning, but limited researches studied how the culture and mentality influence the retirement planning in Kazakhstan country. This qualitative study has interviewed ten interviewees to explore how the culture and mentality concern contribute to their retirement planning decision. This paper entails the opinions and experiences about retirement planning among the younger generations in Kazakhstan.

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Author Biographies

Aigerim Bakhtgalieva, APU

Faculty of Business Management, Asia Pacific University of Technology & Innovation, Bukit Jalil, Kuala Lumpur - 57000, MALAYSIA

Madina Tasheva, APU

Faculty of Business Management, Asia Pacific University of Technology & Innovation, Bukit Jalil, Kuala Lumpur - 57000, MALAYSIA

Benjamin Chan Yin-Fah, APU

Faculty of Business Management, Asia Pacific University of Technology & Innovation, Bukit Jalil, Kuala Lumpur - 57000, MALAYSIA

and

Centre of Entrepreneuship and Leadership, (APU), Technology Park Malaysia, MALAYSIA

References

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CSRI, (2016). Sustainable Retirement Income Integrated Reform Programme.

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Mukhtarova G.S., (2002). Japan and Kazakhstan: a dialogue of traditional cultures. Modern art of Kazakhstan: problems and searches // Collected papers KAZNAI them. T. Zhurgenova. - Almaty. pp. 224 – 227. (In Russian)

The “Retirement Revealed” study from ING U.S. – http://diversityinc.com/medialib/uploads/2012/02/Retirement-Revealed-White-Paper.pdf

Yavorska Z.H., The influence of the Kazakh mentality on building human resource management in Kazakhstan. (In Russian)

Yegenisova, A.K. and Erubaeva A.R., (2015). Psychological features of the national mentality of the Kazakh people. International Journal of Experimental Education. (4-2), pp.371-376. (In Russian)

Yusupova, A.S., Galiullina, G.R. and Denmukhametova, E.N., (2014). Representation of national mentality in Turkic-Tatar vocabulary. Life Science Journal, 11(7), pp.506-508. available at: https://kpfu.ru/staff_files/F1667594245/jusupova.pdf

Zhandildin, M., (2015). Pension System Reform in Emerging Countries: The Case of Kazakhstan. Global Journal of Emerging Market Economies, 7(1), pp.65-88.

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Published

2018-08-17

How to Cite

Bakhtgalieva, A., Tasheva, M., & Yin-Fah, B. C. (2018). The Influence of Culture and Mentality on Retirement Planning in Kazakhstan. Asian Business Review, 8(2), Art. #8, pp. 59–62. https://doi.org/10.18034/abr.v8i2.153

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