- 130 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Pensions and Informal Sector in India
About this book
This book deals with the pension of uncovered people in India, the informal or unorganized sector workers who contribute more than fifty percent of India's total output. Until recently, these workers don't get any old age security when they retire unlike those from the organized sector workers such as govt. employees or corporates. This book offers insights on the pension system of the informal sector in India.
The book is the outcome of field research of two years and the field research was conducted on MSME sector (a sub sector of unorganised sector) which provides the knowledge about the present state of the unorganised sector workers in MSMEs, their financial condition and stress, their work participation, their awareness level of old age financial security or pension and their financial behaviour regarding pension savings in India. This book empirically demonstrates a relationship between financial literacy and willingness to save for retirement benefits among the informal sector workers in India. Access to banking also improves the probability of retirement savings along with the gender and education.
By reading this book, readers can understand the demographic change India is going to witness within the next thirty years and its challenges to meet the longevity risk of these workers.
Frequently asked questions
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Information
Table of contents
- Cover
- Half Title
- Title Page
- Copyright Page
- Dedication Page
- Table of Contents
- List of figures
- List of tables
- Preface
- Acknowledgements
- List of abbreviations
- 1 Introduction
- 2 Informal Sector in India
- 3 Pension in India
- 4 Research and Development in Pension Financial Literacy
- 5 Primary Survey into Unorganised Sector Pension: A Case of MSMEs in India
- 6 Understanding Financial Behaviour of MSME Workers
- 7 Discussion and Policy Recommendation
- References
- Annexure 1: The Questionnaire
- Annexure 2: Distribution of Responses to Financial Literacy by Age, Gender, Education and Employment Status with All Four Questions (%)
- Annexure 3: Demographic Characteristics of Sample Respondents
- Index