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Involvement in the Informal Sector and Poverty Alleviation: A Case Study from Sylhet, Bangladesh

Corresponding Author : Mohammad Maniruzzaman Khan (maniruzzaman-soc@sust.edu)

Keywords : informal sector, income, poverty, savings, Bangladesh

Abstract :

Informal sector is a key feature of labor markets all over the world with millions of active economic units and employees. This study examines the impact of the informal sectors on reducing poverty in Bangladesh. Based on data gathered from street vendors in the Sylhet City Corporation zone, the study finds that the informal sector contributes to workers' ability to earn a living and hence improve their socioeconomic standing. The findings of the study also demonstrate that those who work in the informal sector can access healthy foods, medical care, and monthly savings opportunities. The government may put into place a supporting policy so that informal workers can raise their socioeconomic standing and reduce their level of poverty.

Published on December 30th, 2022 in Vol 33 Issue 2, Social Sciences