Retiring in the Informal Economy: Implications for Social Policy Intervention for Ageing Workers in Ghana.
Ghana's economy is predominantly informal with about 80% of workers in small enterprises run and managed by family members with no fixed retirement procedures. Although, retirement is basically an individual decision, it has social policy implications for the nation as a whole. The purpose of this s...
| Publicado en: | Ageing International Vol. 47; no. 3; pp. 415 - 433 |
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| Autores principales: | , , |
| Formato: | research tables/charts Journal Article |
| Publicado: |
Springer Nature
Sep2022
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ccm&AN=158610688&site=ehost-live header: @attributes: shortDbName: ccm uiTerm: 158610688 longDbName: CINAHL Complete uiTag: AN controlInfo: bkinfo: dissinfo: jinfo: jid: 01635158 DUS jtl: Ageing International issn: 01635158 maglogo: N pubinfo: dt: Sep2022 vid: 47 iid: 3 pid: 237 pub: Springer Nature place: New York, New York artinfo: ui: 158610688 151622107 158610688 158610688 10.1007/s12126-021-09434-w 158610688 ppf: 415 ppct: 18 formats: fmt: – @attributes: type: T – @attributes: type: P tig: atl: Retiring in the Informal Economy: Implications for Social Policy Intervention for Ageing Workers in Ghana. aug: au: Oteng, Samuel A. Manful, Esmeranda Akuoko, Kofi Osei affil: Department of Sociology and Social Work, Kwame Nkrumah University of Science & Technology, PMB – University Post Office, Kumasi, Ghana sug: subj: Workforce Ghana Aging Retirement Economics Public Policy Decision Making Human Ghana Exploratory Research Middle Age Aged Quantitative Studies Qualitative Studies Socioeconomic Factors Health Status Self Employment Middle Aged: 45-64 years Aged: 65+ years ab: Ghana's economy is predominantly informal with about 80% of workers in small enterprises run and managed by family members with no fixed retirement procedures. Although, retirement is basically an individual decision, it has social policy implications for the nation as a whole. The purpose of this study is to provide empirical evidence on what is likely to inform the decision to retire for the over 50s in Ghana's informal economy. This is to ensure the development of effective policies for the ageing informal work force. Using an exploratory sequential method, to examine the understanding and preferred type of retirement, family business owners aged 50 years and above participated in a study, (n = 35 qualitative; n = 383 quantitative), conducted in Kumasi, Ghana's second largest city. Findings, revealed that retirement for business owners, largely meant a gradual withdrawal from economic activities. Also, gender, family and work-related factors significantly predicted retirement decision-making of family business owners. Recommendations included tailored retirement planning education by both Social Workers and insurance providers, and a more flexible phased pension plan for those in the informal economy to ensure the wellbeing of aging self-employed who have poor health and are financially insecure. pubtype: Academic Journal doctype: research tables/charts Journal Article ougenre: Article language: English refInfo: holdings: @attributes: islocal: N |
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