Year: 2024 | Month: February | Volume: 11 | Issue: 2 | Pages: 556-575
DOI: https://doi.org/10.52403/ijrr.20240257
The Analysis of Factors Affecting Social Security of Labour in Indonesia
Nugraha Pratama1, Irsad Lubis2, M. Syafii3
1Postgraduate Students, Faculty of Economics and Business, Department of Economics, Universitas Sumatera Utara, Indonesia
2,3Postgraduate Lecturer, Faculty of Economics and Business, Department of Economics, Universitas Sumatera Utara, Indonesia
Corresponding Author: Nugraha Pratama
ABSTRACT
This research aims to analyze the factors affecting Social Security of labour in Indonesia in the 1991-2022 period reviewed from the variables of total active participants (JPA), Gross Domestiv Product (GDP0, Inflation, Minimum Wage (UM) and Workforce Participation Rate (TPAK). The research employs secondary data, namely annual data obtained from the Central Statistics Agency and BPJS Ketenagakerjaan (Employee Social Security System) report. This research employs regression analysis method of Autoregressive Distributed Lag (ARDL). This research result indicates that in the long term, the variables of GDP, Inflation and Minimum Wage have a positive and significant effect on the JPA, respectively, Meanwhile, TPAK has a negative and insignificant effect on JPA.
Keywords: Total Active Participants, Gross Domestic Product, Inflation, Minimum Wage, Workforce Participation rate, Autoregressive Distributed Lag
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