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

Author: Kate Aba Sam (University of Cape Coast, Ghana), Joseph Sarpong Dwumoh (University of Cape Coast, Ghana) and Might Kojo Abreh, PhD (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.

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