Volume 4 Issue 1 Dec 2021 2565-4942 (Print) 2738-9693 (online) https://doi.org/10.3126/njiss.v4i1.42354
Deepesh Ranabhat*, Sujita Adhikari, Pradeep Sapkota, Mala Ranabhat
*Corresponding author, email: [email protected]
The research aims to assess the impact of social security allowance on socio-economic status of the recipients and differences in socio-economic status of the recipients. Multistage sampling technique has been used for the selection of samples. The data has been collected through self-structured questionnaires from 170 respondents who have been receiving social security allowance provided by the Government of Nepal. Thus, descriptive as well as cross-sectional research design has been used for this study. The study found that social security benefits play very important role in improving socio-economic status of the beneficiaries by enhancing the economic well-being, health access, social status, self-respect and respect from others, and living standard of the recipients. The study also found that there is a significant difference in socio-economic well-being of recipients by area of residence, employment status, duration of getting allowance, and allowance as major source of income.
Keywords: Social security allowance, Old age allowance, Socio-economic status, Nepal.