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Factors Associated with Participation of Vietnamese Informal Workers in Voluntary Social Insurance Scheme

Author

Listed:
  • Thi-Thu Do

    (Faculty of Economics, Banking Academy of Vietnam)

  • Thanh-Long Giang

    (Faculty of Economics, National Economics University)

Abstract

This study estimated impacts of demographic and employment factors on the voluntary social insurance participation of Vietnamese informal workers by using data from the Labour Force Survey and Heckman’s two-step probit selection model for four groups of informal workers. The results showed that age, the highest education level, number of school-age children in household, number of household members participating in the social insurance system, job position and income level of informal workers had significant impacts on their decision to participate in the scheme. Moreover, these impacts were different for informal workers when considering their job positions. Based on the findings, this study recommended various policies considering the aforementioned characteristics of informal workers.

Suggested Citation

  • Thi-Thu Do & Thanh-Long Giang, 2023. "Factors Associated with Participation of Vietnamese Informal Workers in Voluntary Social Insurance Scheme," Malaysian Journal of Economic Studies, Faculty of Business and Economics, University of Malaya & Malaysian Economic Association, vol. 60(2), pages 237-254, December.
    • Handle: RePEc:mjr:journl:v:60:y:2023:i:2:p:237-254
    DOI: 10.22452/MJES.vol60no2.5
    as

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    More about this item

    Keywords

    Voluntary social insurance; informal workers; modelling; Viet Nam;
    All these keywords.

    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I39 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Other
    • J48 - Labor and Demographic Economics - - Particular Labor Markets - - - Particular Labor Markets; Public Policy
    • J88 - Labor and Demographic Economics - - Labor Standards - - - Public Policy

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