International Journal on Science and Technology

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Call for Paper Volume 17 Issue 4 October-December 2026 Submit your research before last 3 days of December to publish your research paper in the issue of October-December.
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Volume 17 Issue 4
October-December 2026

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Investment Patterns and Financial Choices of Daily Wage Earners; A Theoretical Perspective

Author(s) Mr. SREESH K R, Dr. A. PUNNAVANAM A
Country India
Abstract The daily wage earners make a significant proportion of the workforce in developing economies, but investment behaviour of these people is not analysed in a comprehensible manner. The present theoretical paper is to establish a conceptual framework to explain how people with irregular income, small and unprotected invest. Based on the economics of poverty and behavioural finance and financial inclusion literature, it posits that the investment pattern of daily wage earners is rational and a behaviourally driven response to three structural constraints: income volatility, thin surplus and limited trust in formal institutions. The constraints give rise to four behavioral reactions (liquidity preference, mental accounting, present bias on demand for commitment, and dependence on social networks), result in a distinct portfolio of cash, gold, chit funds and savings groups, and informal credit relationships, and limited formal products. It contrasts the dominant tools and argues that formal inclusion is more unlikely to lead to investment than to create an account for a household, and suggests viable propositions for testing. It finds that policy should make products based on cash-flow reality and commitment needs, not just on financial literacy to influence behaviour.
Keywords Daily wage earners; Investment behaviour; Informal sector; Financial inclusion; Behavioural finance; Household savings
Field Business Administration
Published In Volume 17, Issue 4, October-December 2026
Published On 2026-11-11
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Crossref DOI prefix of IJSAT is 10.71097/IJSAT

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