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In Search of Inclusion: Informal Sector Participation in a Voluntary, Defined Contribution Pension System

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  • Renuka Sane
  • Susan Thomas

Abstract

This paper examines who contributes and who persists in contributing in a national, voluntary, defined contributory pension program, where the government provides the incentive of matching contributions of a minimum amount (USD 16). The paper uses proprietary data from a financial services firm where 12 percent of customers (37000 individuals) chose to participate in this program. [IGIDR Working Paper No. WP-2013-022].

Suggested Citation

  • Renuka Sane & Susan Thomas, 2013. "In Search of Inclusion: Informal Sector Participation in a Voluntary, Defined Contribution Pension System," Working Papers id:5553, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:5553
    Note: Institutional Papers
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    Cited by:

    1. Mitchell, Olivia S. & Mukherjee, Anita, 2017. "Assessing the demand for micropensions among India’s poor," The Journal of the Economics of Ageing, Elsevier, vol. 9(C), pages 30-40.

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    More about this item

    Keywords

    informal seector; financial services; contributory pension program; customers; pension accounts; matched defined contribution; voluntary; finance; poor;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance

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