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Factors affecting financial wellbeing among informal sector workers in Malaysia
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Item type | Book Section |
Subjects | 300 Social sciences |
Division/Agency | LPPKN - National Population and Family Development Board, Malaysia: Population and Family Research Division |
Keywords | Financial concern, Financial wellbeing, Informal sector workers |
Additional Information | This paper has been presented at the National Population Conference 2023 (PERKKS 23) – Pulse Grande Hotel, Putrajaya on 21-22 November 2023. It is jointly organized by the National Population and Family Development Board (LPPKN), United Nations Population Fund (UNFPA) Malaysia, Faculty of Business and Economics, Universiti Malaya (UM) in collaboration with WMIT Group Sdn Bhd. For further information please contact: Rafidah Abd Rahman UUM College of Business (UUM COB) Universiti Utara Malaysia, 06010 Sintok Kedah, Malaysia Email: rafidah@unishams.edu.my , Tel: 012-4097707 Dr. Yusmani Binti Mohd Yusoff UUM College of Business (UUM COB) Universiti Utara Malaysia, 06010 Sintok Kedah, Malaysia Email: yusmani@uum.edu.my , Tel: 019-4722984 Nor Zuhairatun Binti Md Radzi Universiti Islam Antarabangsa Sultan Abdul Halim Mu`adzam Shah 09300 Kuala Ketil, Kedah, Malaysia Email: norzuhairatun@unishams.edu.my , Tel: 019-4454244 |
Abstract | Challenges in the employment sector have become a global concern since the country was hit by the COVID-19 epidemic which caused a financial crisis, threatened the survival and wellbeing of the people and resulted in many individuals moving from the formal employment sector to the informal employment sector. The large size of the informal sector can hinder national development due to lower overall productivity, less tax revenue to the government, and lack of access to social safety nets and can lead to poverty, income inequality, and economic vulnerability. |