Financial Services and the Informal Economy
This paper examines the impact of formality of employment on the utilisation of financial services, using data from the October 2000 Income and Expenditure Survey and the September 2000 Labour Force Survey. The presence of an employed member in the household is seen to be important for the utilisation of both bank accounts and funeral insurance, even after controlling for income. Furthermore there are strong links between the nature of this employment and utilisation of financial services. Employees are more likely to utilise financial services than the self-employed. Among employees, the probability of utilising financial services increases with the degree of formality of employment. These effects are stronger for formal banking services than for funeral insurance which includes informal burial societies.
|Date of creation:||2004|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +27 21 650 5696
Fax: +27 21 650 5697
Web page: http://www.saldru.uct.ac.za/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- H. Bhorat, 1999. "The October Household Survey, Unemployment and the Informal Sector: A Note," South African Journal of Economics, Economic Society of South Africa, vol. 67(2), pages 143-146, 06.
- Holzmann, Robert & Jorgensen, Steen, 1999.
"Social protection as social risk management : conceptual underpinnings for the social protection sector strategy paper,"
Social Protection Discussion Papers
20119, The World Bank.
- Paul Mosley & Robert Holzmann & Steen Jorgensen, 1999. "Social protection as social risk management: conceptual underpinnings for the social protection sector strategy paper," Journal of International Development, John Wiley & Sons, Ltd., vol. 11(7), pages 1005-1027.
- Cally Ardington & David Lam & Murray Leibbrandt & James Levinsohn, 2004.
"Savings, Insurance And Debt Over The Post-Apartheid Period: A Review Of Recent Research,"
South African Journal of Economics,
Economic Society of South Africa, vol. 72(3), pages 604-640, 09.
- Cally Ardington & David Lam & Murray Leibbrandt & James Levinsohn, 2004. "Savings, Insurance and Debt over the Post-Apartheid Period: A Review of Recent Research," SALDRU/CSSR Working Papers 065, Southern Africa Labour and Development Research Unit, University of Cape Town.
When requesting a correction, please mention this item's handle: RePEc:ldr:cssrwp:066. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alison Siljeur)
If references are entirely missing, you can add them using this form.