Factors Influencing the Participation in Defined Contribution  Pension Scheme by Urban women in the informal Sector in Ghana

Rebecca Atswei Lomo; Emmanuel Teitey; Emmanuel Attah Kumah Amponsah

doi:10.36948/ijfmr.2024.v06i05.27168

Factors Influencing the Participation in Defined Contribution Pension Scheme by Urban women in the informal Sector in Ghana

Author(s)	Rebecca Atswei Lomo, Emmanuel Teitey, Emmanuel Attah Kumah Amponsah
Country	Ghana
Abstract	The study set out to investigate reasons for the low interest in participating in Defined Contribution Pension Schemes (DCPS) by urban women in the informal sector in Ghana (UWISG) in order to unravel the causes of the phenomenon of non-participation so that solutions can be identified. Most studies conducted on voluntary participation in pension schemes have not explored the such variables; perceived net pension wealth, permanent income, attitude, subjective norm, and perceived behavioural control. The main research questions among others are; what are the effects of demographic characteristics of urban women in the informal sector in Ghana (UWISG) on their intention to participate in Defined Contribution Pension Schemes (DCPS)? What is the impact of perceived net pension wealth (perceived benefits) on the intention of UWISG to participate in DCPS? The Methodology of the study is quantitative research design. The study has two research models a logistic regression model of demographic variables and model is a framework consisting of exogenous and endogenous latent variables. Some significant findings of the study are (i) an inverse relationship between disposition to save and intention to participate in DCPS. The inverse relationship implied that most of the respondents would prefer to probably put money in their savings or investment accounts rather than contributing to DCPS. The study also found the age variable to be an insignificant influencer of DCPS adoption intention.
Keywords	Ghana, Pension, Defined contribution, Urban Women, Informal sector, Planned Behaviour, Life Cycle, Research Models, Demographic Characteristics
Published In	Volume 6, Issue 5, September-October 2024
Published On	2024-09-22
Cite This	Factors Influencing the Participation in Defined Contribution Pension Scheme by Urban women in the informal Sector in Ghana - Rebecca Atswei Lomo, Emmanuel Teitey, Emmanuel Attah Kumah Amponsah - IJFMR Volume 6, Issue 5, September-October 2024. DOI 10.36948/ijfmr.2024.v06i05.27168
DOI	https://doi.org/10.36948/ijfmr.2024.v06i05.27168
Short DOI	https://doi.org/g4qmxw

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Factors Influencing the Participation in Defined Contribution Pension Scheme by Urban women in the informal Sector in Ghana

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