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Stream/Area:
-
Subject:
-
Paper ID:
IJSREM17559
Volume:
7 |
1 |
Jan 2023
Pages:
1-8
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
Economics
Government Degree College, Kagaznagar
Informal employment constitutes a major component of India's labour market and provides livelihood opportunities to millions of workers who have limited access to employment protection and social security. The present study examines the relationship between informal employment and household economic security, with particular reference to informal workers in Telangana. The study uses a sample of 70 informal workers, with the empirical dataset for academic research purposes. The study examines employment stability, monthly income, savings, household indebtedness, access to social security and selected dimensions of household economic security. A Household Economic Security Index (HESI) was constructed using six indicators measured on a five-point scale: income security, food security, medical expenditure capacity, education expenditure capacity, emergency expenditure capacity and social-protection security. The findings indicate that a substantial proportion of respondents experienced moderate or low levels of household economic security. Income instability, limited savings, indebtedness and inadequate social-security coverage emerged as major sources of vulnerability. The study also indicates a positive association between employment stability and household economic security. The findings are consistent with the broader Indian evidence available before February 2022, which shows the persistence of informal employment and the vulnerability of informal workers to economic shocks. The study argues that employment generation alone is insufficient and that policies must simultaneously strengthen income security, social protection, financial inclusion, savings capacity and access to essential services.
KEYWORDS
The study explored the connection between informal employment and household economic security among informal workers in Warangal District, Telangana. The findings show that these workers experience significant economic vulnerability due to unstable employment, limited income, low savings, household debt, and insufficient social security access. Many respondents reported moderate or low levels of economic security, which implies a limited ability to handle financial emergencies and meet essential household expenses. The analysis indicates a positive link between employment stability and economic security, emphasizing the need for secure and continuous livelihood opportunities. The study concludes that enhancing the economic well-being of informal workers requires a comprehensive policy strategy beyond just creating jobs. Strengthening social protection, promoting financial inclusion, improving access to affordable credit, encouraging savings, enhancing skills, and creating more stable employment opportunities could greatly enhance household resilience. These measures are crucial for fostering inclusive and sustainable livelihood security among informal workers in Telangana.
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Publication Date
1/25/2023
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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