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Factors Affecting Micro-pension Contributions by Informal Sector Workers in Odisha


Affiliations
1 Social Entrepreneurship Development and Microfinance – Specialist, Ministry of Housing and Urban Affairs, Government of India, India
2 Post Graduate Department of Economics, Berhampur University, Odisha., India
     

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The objective of the study is to analyse the demographic trends and socio-economic profile of aging population in India in general and Odisha in particular, and to estimate the factors affecting the contribution to micro-pension by workers in the informal sector of Odisha. Using the data of 715 micro-pension clients and non-clients from three districts of Odisha, the study finds that there is a significant relationship between contribution towards micro-pension with their demographic and socioeconomic characteristics. The paper concludes that if micropension are designed and executed properly, they can help the informal sector workers to provide them a secure and dignified life during their old age and rescue them out of the poverty trap.

Keywords

Informal Sector, Social Security, Micro-pension and Logit Mode
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  • Factors Affecting Micro-pension Contributions by Informal Sector Workers in Odisha

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Authors

Jeeban Jyoti Mohanty
Social Entrepreneurship Development and Microfinance – Specialist, Ministry of Housing and Urban Affairs, Government of India, India
Sudhakar Patra
Post Graduate Department of Economics, Berhampur University, Odisha., India

Abstract


The objective of the study is to analyse the demographic trends and socio-economic profile of aging population in India in general and Odisha in particular, and to estimate the factors affecting the contribution to micro-pension by workers in the informal sector of Odisha. Using the data of 715 micro-pension clients and non-clients from three districts of Odisha, the study finds that there is a significant relationship between contribution towards micro-pension with their demographic and socioeconomic characteristics. The paper concludes that if micropension are designed and executed properly, they can help the informal sector workers to provide them a secure and dignified life during their old age and rescue them out of the poverty trap.

Keywords


Informal Sector, Social Security, Micro-pension and Logit Mode

References