Economics
http://dr.lib.sjp.ac.lk/handle/123456789/10
2024-03-29T05:11:49ZPreference and Choice for Micro Pension Scheme; Evidence from Estate Sector in Sri Lanka
http://dr.lib.sjp.ac.lk/handle/123456789/6747
Preference and Choice for Micro Pension Scheme; Evidence from Estate Sector in Sri Lanka
Heenkenda, S.
Attached; This study reports important information on the preference and choice of a micro pension scheme
from estate sector employers in Sri Lanka. The contingent valuation method (CV) was used to
elicit participants’ willingness to pay for the hypothetical micro pension scheme. For product
preferences, a conjoint analysis was conducted to study their relative importance and to discover
the relationships between different attributes and the characteristics of the respondents. The
results show that participants’ interest in joining the micro pension scheme is 92% (SD=2.7%)
overall and there was a significant relationship between the willingness to pay of respondent and
their demographic and socio-economic characteristics. The findings vividly demonstrated the
complexity of the preference context and pragmatic barriers for participation to uniform the
pension scheme. Flexibilities in micro pension schemes will increase the access and affordability
of the estate sector employers. Designing an appropriate delivery system through microfinance
institutions is vital for financial inclusion of this segment. The results of this study may also have
important implications for financial planning professionals.
2016-01-01T00:00:00ZDetermination of Financial Risk Tolerance among Different Household Sectors in Sri Lanka
http://dr.lib.sjp.ac.lk/handle/123456789/3830
Determination of Financial Risk Tolerance among Different Household Sectors in Sri Lanka
Heenkenda, Shirantha
This study examined the financial risk of tolerant behavior at the household level with particular emphasis on different household sectors in Sri Lanka. The analysis measured, the household willingness to take financial risk or risk tolerance based on a questionnaire survey. Financial risk tolerance was measured with the help of a likert-scale and a composite index was developed using the values for the answers. The study used descriptive statistics and also the one-way analysis of variance (ANOVA) test to compare the risk tolerance between the three main household sectors, i.e. urban, rural and estate. The effects of socio-econ-demographic factors upon financial risk tolerance of households were investigated using Tobit regression analysis. The results revealed that a majority of respondents exhibited an above average (high) risk tolerance as a whole and demonstrated significant differences in risk tolerance preferences of households at sectoral level. The results indicate that gender, age, education, occupational status, income, income diversification, distance to a financial institute and financial literacy are significant in the determination of the financial risk tolerance. The findings provide inputs for designing policies for the development of the financial markets in the Sri Lankan context.
2015-01-01T00:00:00ZA Canonical Analysis on the Relationship between Financial Risk Tolerance and Household Education Investment in Sri Lanka
http://dr.lib.sjp.ac.lk/handle/123456789/3825
A Canonical Analysis on the Relationship between Financial Risk Tolerance and Household Education Investment in Sri Lanka
Heenkenda, Shirantha; Chandrakumara, D.P.S.
This paper is aimed at examining the relationship between risk tolerance behaviour and the education investment of families in different social sectors, i.e. urban, rural, and estate, in Sri Lanka. At the initial step, the study used Binary Logistic Regression for identifying the significant variables for financial risk tolerance and for household investment on education. Having identified the two sets of variables for each domain, the second step was to apply the Canonical Analysis in order to examine the association between risk tolerance behaviour and education investment. The data for the study was obtained from a sample survey conducted in six Divisional Secretariat Divisions (DSDs) of three districts in Sri Lanka. The sample was selected considering the social sectors as strata, using multi-stage sampling technique joined with cluster sampling. The study found that 'social sector' and 'education of household head' were the main contributors to 'household investment on education'. It revealed that when the 'social sector' changes from urban to rural and rural to estate there is a tendency of households to decrease the share of expenditure on education. However, the 'education level of the household head' had s significant positive impact for the investment in education. It also found that 'income quartile, decision maker', 'income diversification', and 'financial literacy' positively contributed to 'risk tolerance behaviour'. However, the findings show that financial risk tolerance decreases with the distance of households to a financial institute. The canonical relationship shows a negative association between 'income quartile' and the 'social sector' and the 'income quartile' improves with the change of the 'social sector' from estate to rural and rural to urban. It also revealed that 'income quartile' was positively associated with the 'education of the household head'. A primary conclusion can be arrived at that income and spatial related attributes are crucial in determining the impact of risk tolerance in household education investment. In addition, the study revealed that risk tolerance and, in turn, the tendency to invest in education increases with the change of gender from female to male. Therefore, it suggests that gender related attributes are also important in the financial risk tolerance and education
investment.
2015-10-01T00:00:00ZInfringement of Child Rights: Cross Country Experiences in South Asia with Special Reference to Sri Lanka
http://dr.lib.sjp.ac.lk/handle/123456789/3594
Infringement of Child Rights: Cross Country Experiences in South Asia with Special Reference to Sri Lanka
Herath, T.K.
Attached.
2015-02-01T00:00:00Z