Qualifying for a Type of Pension and Poverty Measurement

Andrews Doeh Agblobi

doi:doi:10.11648/j.ijebo.20210901.12

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Qualifying for a Type of Pension and Poverty Measurement

Andrews Doeh Agblobi

Published in International Journal of Economic Behavior and Organization (Volume 9, Issue 1)

Received: 19 December 2020 Accepted: 4 January 2021 Published: 12 January 2021

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Abstract

The period of exiting from once full-time years of daily employment to a period of less time constraint can be a period of excitement or misery in poverty. It is pathetic that at one period, an individual is on a payroll of an employer but at another period the individual is not on any pension roll. The objective of the paper is to examine the qualification criteria for a pension and the effect of a pension type on poverty. Primary data was gathered from residences with at least one person aged 60 years old or older across 24 sampled localities in the country. A logistic regression estimation method was employed for the data analyses. The findings of the study indicate that different pension systems have different qualifying criteria that the individual must satisfy to be able to get the monthly pension. The conceptual framework indicates that although some individuals contributed to the SSNIT pension scheme, they could not qualify for the monthly pension due to the inability to satisfied the minimum number of months. The findings also show that the SSNIT pension recipients household were less likely of being poor compared to the CAP30 pensioners. It is recommended that SSNIT should embark on vigorous awareness creation exercise to educate the general public about the tenets of social security pension.

Published in	International Journal of Economic Behavior and Organization (Volume 9, Issue 1)
DOI	10.11648/j.ijebo.20210901.12
Page(s)	10-18
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2021. Published by Science Publishing Group

Keywords

Pension Type, Ssnit Pension, Absolute Poverty, Age, Qualification, Retirement

References

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APA Style

Andrews Doeh Agblobi. (2021). Qualifying for a Type of Pension and Poverty Measurement. International Journal of Economic Behavior and Organization, 9(1), 10-18. https://doi.org/10.11648/j.ijebo.20210901.12

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ACS Style

Andrews Doeh Agblobi. Qualifying for a Type of Pension and Poverty Measurement. Int. J. Econ. Behav. Organ. 2021, 9(1), 10-18. doi: 10.11648/j.ijebo.20210901.12

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AMA Style

Andrews Doeh Agblobi. Qualifying for a Type of Pension and Poverty Measurement. Int J Econ Behav Organ. 2021;9(1):10-18. doi: 10.11648/j.ijebo.20210901.12

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@article{10.11648/j.ijebo.20210901.12,
  author = {Andrews Doeh Agblobi},
  title = {Qualifying for a Type of Pension and Poverty Measurement},
  journal = {International Journal of Economic Behavior and Organization},
  volume = {9},
  number = {1},
  pages = {10-18},
  doi = {10.11648/j.ijebo.20210901.12},
  url = {https://doi.org/10.11648/j.ijebo.20210901.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijebo.20210901.12},
  abstract = {The period of exiting from once full-time years of daily employment to a period of less time constraint can be a period of excitement or misery in poverty. It is pathetic that at one period, an individual is on a payroll of an employer but at another period the individual is not on any pension roll. The objective of the paper is to examine the qualification criteria for a pension and the effect of a pension type on poverty. Primary data was gathered from residences with at least one person aged 60 years old or older across 24 sampled localities in the country. A logistic regression estimation method was employed for the data analyses. The findings of the study indicate that different pension systems have different qualifying criteria that the individual must satisfy to be able to get the monthly pension. The conceptual framework indicates that although some individuals contributed to the SSNIT pension scheme, they could not qualify for the monthly pension due to the inability to satisfied the minimum number of months. The findings also show that the SSNIT pension recipients household were less likely of being poor compared to the CAP30 pensioners. It is recommended that SSNIT should embark on vigorous awareness creation exercise to educate the general public about the tenets of social security pension.},
 year = {2021}
}

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TY  - JOUR
T1  - Qualifying for a Type of Pension and Poverty Measurement
AU  - Andrews Doeh Agblobi
Y1  - 2021/01/12
PY  - 2021
N1  - https://doi.org/10.11648/j.ijebo.20210901.12
DO  - 10.11648/j.ijebo.20210901.12
T2  - International Journal of Economic Behavior and Organization
JF  - International Journal of Economic Behavior and Organization
JO  - International Journal of Economic Behavior and Organization
SP  - 10
EP  - 18
PB  - Science Publishing Group
SN  - 2328-7616
UR  - https://doi.org/10.11648/j.ijebo.20210901.12
AB  - The period of exiting from once full-time years of daily employment to a period of less time constraint can be a period of excitement or misery in poverty. It is pathetic that at one period, an individual is on a payroll of an employer but at another period the individual is not on any pension roll. The objective of the paper is to examine the qualification criteria for a pension and the effect of a pension type on poverty. Primary data was gathered from residences with at least one person aged 60 years old or older across 24 sampled localities in the country. A logistic regression estimation method was employed for the data analyses. The findings of the study indicate that different pension systems have different qualifying criteria that the individual must satisfy to be able to get the monthly pension. The conceptual framework indicates that although some individuals contributed to the SSNIT pension scheme, they could not qualify for the monthly pension due to the inability to satisfied the minimum number of months. The findings also show that the SSNIT pension recipients household were less likely of being poor compared to the CAP30 pensioners. It is recommended that SSNIT should embark on vigorous awareness creation exercise to educate the general public about the tenets of social security pension.
VL  - 9
IS  - 1
ER  -

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Author Information

Andrews Doeh Agblobi

Department of Banking & Finance, University of Professional Studies, Accra, Ghana

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Plain Text BibTeX RIS

APA Style

Andrews Doeh Agblobi. (2021). Qualifying for a Type of Pension and Poverty Measurement. International Journal of Economic Behavior and Organization, 9(1), 10-18. https://doi.org/10.11648/j.ijebo.20210901.12

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ACS Style

Andrews Doeh Agblobi. Qualifying for a Type of Pension and Poverty Measurement. Int. J. Econ. Behav. Organ. 2021, 9(1), 10-18. doi: 10.11648/j.ijebo.20210901.12

Copy | Download

AMA Style

Andrews Doeh Agblobi. Qualifying for a Type of Pension and Poverty Measurement. Int J Econ Behav Organ. 2021;9(1):10-18. doi: 10.11648/j.ijebo.20210901.12

Copy | Download

@article{10.11648/j.ijebo.20210901.12,
  author = {Andrews Doeh Agblobi},
  title = {Qualifying for a Type of Pension and Poverty Measurement},
  journal = {International Journal of Economic Behavior and Organization},
  volume = {9},
  number = {1},
  pages = {10-18},
  doi = {10.11648/j.ijebo.20210901.12},
  url = {https://doi.org/10.11648/j.ijebo.20210901.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijebo.20210901.12},
  abstract = {The period of exiting from once full-time years of daily employment to a period of less time constraint can be a period of excitement or misery in poverty. It is pathetic that at one period, an individual is on a payroll of an employer but at another period the individual is not on any pension roll. The objective of the paper is to examine the qualification criteria for a pension and the effect of a pension type on poverty. Primary data was gathered from residences with at least one person aged 60 years old or older across 24 sampled localities in the country. A logistic regression estimation method was employed for the data analyses. The findings of the study indicate that different pension systems have different qualifying criteria that the individual must satisfy to be able to get the monthly pension. The conceptual framework indicates that although some individuals contributed to the SSNIT pension scheme, they could not qualify for the monthly pension due to the inability to satisfied the minimum number of months. The findings also show that the SSNIT pension recipients household were less likely of being poor compared to the CAP30 pensioners. It is recommended that SSNIT should embark on vigorous awareness creation exercise to educate the general public about the tenets of social security pension.},
 year = {2021}
}

Copy | Download

TY  - JOUR
T1  - Qualifying for a Type of Pension and Poverty Measurement
AU  - Andrews Doeh Agblobi
Y1  - 2021/01/12
PY  - 2021
N1  - https://doi.org/10.11648/j.ijebo.20210901.12
DO  - 10.11648/j.ijebo.20210901.12
T2  - International Journal of Economic Behavior and Organization
JF  - International Journal of Economic Behavior and Organization
JO  - International Journal of Economic Behavior and Organization
SP  - 10
EP  - 18
PB  - Science Publishing Group
SN  - 2328-7616
UR  - https://doi.org/10.11648/j.ijebo.20210901.12
AB  - The period of exiting from once full-time years of daily employment to a period of less time constraint can be a period of excitement or misery in poverty. It is pathetic that at one period, an individual is on a payroll of an employer but at another period the individual is not on any pension roll. The objective of the paper is to examine the qualification criteria for a pension and the effect of a pension type on poverty. Primary data was gathered from residences with at least one person aged 60 years old or older across 24 sampled localities in the country. A logistic regression estimation method was employed for the data analyses. The findings of the study indicate that different pension systems have different qualifying criteria that the individual must satisfy to be able to get the monthly pension. The conceptual framework indicates that although some individuals contributed to the SSNIT pension scheme, they could not qualify for the monthly pension due to the inability to satisfied the minimum number of months. The findings also show that the SSNIT pension recipients household were less likely of being poor compared to the CAP30 pensioners. It is recommended that SSNIT should embark on vigorous awareness creation exercise to educate the general public about the tenets of social security pension.
VL  - 9
IS  - 1
ER  -

Copy | Download