Publication: Unpacking Informality: Expanding Retirement Savings Coverage for Informal Workers in Indonesia
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2024-10-08
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2024-10-08
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This policy note presents insights synthesized from the 2022 Indonesia’s retirement savings among informal workers survey. It aims to unpack informality in Indonesia as it relates to retirement savings decision, following the premise that informality is heterogenous and that retirement savings decision is a function of different demographic, socio-economic, and behavioral characteristics. This note will first explain the analytical framework used to design the survey and the methodology used for data collection, followed by discussion on Indonesia’s informal workers’ characteristics and how such characteristics could inform the design and delivery of retirement savings for workers in the informal sector, using the social insurance delivery chain as the reference point. The analysis presented in this note is also expected to inform the government plans to subsidize the social insurance contribution for informal workers.
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“Meidina, Ilsa; Putri, Tanya Adi. 2024. Unpacking Informality: Expanding Retirement Savings Coverage for Informal Workers in Indonesia. © World Bank. http://hdl.handle.net/10986/42230 License: CC BY-NC 3.0 IGO.”
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