Informal Sector Archives - Page 9 of 23 - Pension Policy International

16FebFebruary 16, 2023

Flexibility And Earning Potential, Two Lures Of The Gig Economy

We’ve been talking about the gig economy in the United States, which, by the end of 2022, had 70 million gig workers—the most in the world—and how this mode of working might tie in with inclusive capitalism. The choice to work freelance comes with pluses, as we found, and some minuses too. Most of the deficits take the form of the loss of financial security nets. Despite some isolated efforts on the part of U.S. lawmakers to give gig...

February 16, 2023

NewsInformal Sector, Labor Market

02FebFebruary 2, 2023

Most Kenyans lack a saving scheme – RBA

Close to 14 million workers mainly in the informal sector do not have any form of savings, according to the Retirement Benefits Authority (RBA). The authority is warns that this will have far reaching consequences in future as the number of poor retirees with no savings hits the streets. According to Jackson Ngotho, a director with RBA, close to 13.9m Kenyans have no form of savings towards their retirement, the majority being in the informal sector. He noted that of the 3.5...

February 2, 2023

NewsCoverage, Informal Sector, Kenya

26JanJanuary 26, 2023

Ghana. SSNIT to launch informal sector inclusive campaign

The Social Security and National Insurance Trust (SSNIT) intends to launch a campaign to expand its coverage to include self-employed individuals. In an interview with KMJ on Prime Morning on Wednesday, the Public Affairs Manager of the institution, Charles Akwesi Garshong, revealed that every individual in the country is entitled to a pension. However, SSNIT is unable to capture everyone due to the low level of interest of people in the scheme. After negotiating with private sector stakeholders for the past years,...

January 26, 2023

NewsGhana, Informal Sector

29DecDecember 29, 2022

India. PFRDA proposes bringing gig workers into pension fold

India's pension fund regulator has recommended the federal government introduce a UK-like pension scheme for the country's gig workers, a move aimed at bringing about 90% of the overall workforce into the pension fold, its chairman told Reuters. The Pension Fund Regulatory and Development Authority (PFRDA), which manages over $102 billion in assets, has proposed that workers at food and cab aggregators be automatically enrolled into the National Pension Scheme (NPS), Chairman Supratim Bandyopadhyay said in an interview on Tuesday. The...

December 29, 2022

NewsIndia, Informal Sector, Pension design, Regulation

08DecDecember 8, 2022

The Underpensioned Index 2022 Edition

By The Pensions Policy Institute This report, the third in the series, provides an updated version of the Index, alongside recent data illustrating changes, particularly in the labour market and pension saving, that have been experienced by underpensioned groups since the first Index. Recognising that the current economic landscape is challenging, some of these changes may reflect current circumstances rather than long-term trends, and some of the policies that may be suggested as potential remedies to the underpensioned challenge may not be appropriate to enact during the...

December 8, 2022

Books, Books, Labor Market2022, COVID-19, Financial Inclusion, Inflation, Informal Sector, UK

08DecDecember 8, 2022

Platforms Disrupting Reputation: Precarity and Recognition Struggles In The Remote Gig Economy

By Alex Wood & Vili Lehdonvirta Digitalisation and the use of algorithms have raised concerns over the future of work, the gig economy being identified by some as particularly concerning. In this article, we draw on 70 interviews in addition to participant observations to highlight the role of gig economy platforms in producing a novel form of reputational insecurity. This insecurity is generated by platforms disrupting the traditional operation of industry reputation in freelance markets. We highlight three areas of transformation...

December 8, 2022

Articles, Labor Market2022, Equality, Informal Sector

07DecDecember 7, 2022

UK. More than 8.6mn missing out on workplace pension savings

More than 8.6mn people from “underpensioned” groups are missing out on workplace pension savings, according to a report by Now Pensions. The report, published on December 7 in collaboration with the Pensions Policy Institute, found a number of common factors within these groups that are causing barriers to saving, including non-traditional work patterns, a lower percentage of homeownership, and being impacted by inequalities in the labour market. People from underpensioned groups – including ethnic minorities, people with disabilities, carers and single...

December 7, 2022

NewsFinancial Inclusion, Gender Gap, Informal Sector, UK

02DecDecember 2, 2022

From Financial Development to Informality: A Causal Link

By Salvatore Capasso, Franziska Ohnsorge & Shu Yu Financial development reduces the cost of accessing external financing and thus incentivizes investment in higher-productivity projects that allow firms to expand to the scale needed to operate in the formal economy. It also encourages participants of the informal sector to join the formal sector to gain access to credit and financial services. This paper documents two findings. First, countries with less pervasive informality are associated with greater financial development. Second, the impact...

December 2, 2022

Articles, System Characterization2022, Informal Sector

23NovNovember 23, 2022

Poor policy is failing the elderly in India’s unorganised sector

‘India has the world’s largest young workforce’ is an oft-repeated adage attached to the demographic dividend of the country. The immense excitement for the potential of India’s youth has seemingly overshadowed the fact that, given the nation’s falling mortality rate, its population is rapidly getting old. The recent Youth in India 2022 report by the Ministry of Statistics and Programme Implementation has recognised this shifting demographic phenomenon. According to the report, the youth population (aged 15–29 years) is expected...

November 23, 2022

NewsIndia, Informal Sector

11NovNovember 11, 2022

Future-Proof Work? The Experiences of Gig Economy Workers in the Philippines

By Christopher Ed Caboverde & John Paul Flaminiano The COVID-19 pandemic caused massive disruptions in the job market. This also puts the "gig economy" in the spotlight since many workers are seeing it as a viable career option, and are considering leaving their 9-to-5 jobs to pursue a career there. Even before the pandemic, the gig economy forms a significant portion of the workforce in different countries. This paper aims to understand the journey and experiences of location-dependent and purely...

November 11, 2022

Articles, Labor Market2022, Informal Sector, Philippines, Social Security

February 2023

Flexibility And Earning Potential, Two Lures Of The Gig Economy

Most Kenyans lack a saving scheme – RBA

January 2023

Ghana. SSNIT to launch informal sector inclusive campaign

December 2022

India. PFRDA proposes bringing gig workers into pension fold

The Underpensioned Index 2022 Edition

Platforms Disrupting Reputation: Precarity and Recognition Struggles In The Remote Gig Economy

UK. More than 8.6mn missing out on workplace pension savings

From Financial Development to Informality: A Causal Link

November 2022

Poor policy is failing the elderly in India’s unorganised sector