Survey on Retirement Planning of Hong Kong Working Population 2017Back

| Research Background | Research Team Members | Contact Information | Research Design |

| Questionnaire | Survey Report | Press release provided by sponsor |


Research Background

After 2008, 2009, 2011, 2014 and 2016, Mass Mutual Asia Limited commissioned the Public Opinion Programme (POP) of The University of Hong Kong in May 2017 to conduct this “Survey on Retirement Planning of Hong Kong Working Population 2017” targeting Cantonese speaking Hong Kong working population of age 20-55. The survey aimed to gauge Hong Kong people’s opinions on life goals, retirement plan and annuity scheme.

The research instrument used in this study was designed entirely by the POP Team after consulting Mass Mutual Asia Limited. Fieldwork operations and data analysis were also conducted independently by the POP Team, without interference from any outside parties. In other words, although POP has sought opinion from Mass Mutual Asia Limited regarding the questionnaire design, POP was given full autonomy to design and conduct the survey, and POP would take full responsibility for all the findings reported herewith.

Research Directors :
Project Manager :
Project Executive :
Data Analyst :

CHUNG Ting-Yiu Robert
and PANG Ka-Lai Karie

LEE Wai-kin Frank

CHAN Ka-Shu Kenneth

TAI Chit-Fai Edward

Survey date

:

31/5-7/6/2017

Survey method

:

Random telephone survey conducted by real interviewers

Target population

:

Cantonese speaking working population in Hong Kong of age 20-55

Sampling method

:

Telephone numbers are randomly generated using known prefixes assigned to telecommunication services providers under the Numbering Plan provided by the Office of the Communications Authority (OFCA). Invalid numbers are then eliminated according to computer and manual dialing records to produce the final sample. If more than one subject had been available, the one who had his/her birthday next was selected.

Sample size

:

512 successful cases

Effective response rate

:

81.3%

Standard error

:

Less than 2.2% (i.e. at 95% confidence level, the maximum sampling error of all percentages should be no more than +/-4.4 percentage points)

Weighting method

:

The raw data have been rim-weighted according to figures obtained from the Census and Statistics Department regarding the gender, age and educational attainment (highest level attended) distribution of the Hong Kong working population aged 20-55 in 2011 Census.


Research Design

Telephone interviews were conducted by telephone interviewers under close supervision. All data were collected by interviewers using a Web-based Computer Assisted Telephone Interview (Web-CATI) system invented in-house by the research team, which allowed real-time data capture and consolidation. To ensure data quality, on top of on-site supervision and random checking, voice recording, screen capturing and camera surveillance were used to monitor the interviewers’ performance.

 

Telephone numbers were randomly generated using known prefixes assigned to telecommunication services providers under the Numbering Plan provided by the Office of the Communications Authority (OFCA). Invalid numbers were then eliminated according to computer and manual dialing records to produce the final sample.

 

The target population of the survey was Cantonese-speaking Hong Kong working population aged 20-55. After telephone contact was successfully established with a target household, one eligible person was selected using “next birthday rule” for the interview. Telephone interviews were conducted during the period of 31 May to 7 June, 2017. A total of 512 respondents were successfully interviewed. The effective response rate of this survey was 81.3%, and the standard sampling error for percentages based on this sample was less than 2.2 percentage points. In other words, the sampling error for all percentages using the total sample was less than plus/minus 4.4 percentage points at 95% confidence level.

 

To ensure representativeness of the findings, the raw data have been rim-weighted according to figures obtained from the Census and Statistics Department regarding the gender, age and educational attainment (highest level attended) distribution of the Hong Kong working population aged 20-55 in 2011 Census.


Questionnaire (Chinese pdf format only)

Survey Report (Chinese pdf format only)

Press release provided by sponsor (pdf format only)

| Research Background | Research Team Members | Contact Information | Research Design |

| Questionnaire | Survey Report | Press release provided by sponsor |