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    Delay of gratification and business performance in least developed countries : evidence from LAO PDR 

    Xayavongsa, Dalivone; Piriya Pholphirul (National Institute of Development Administration, 2018)

    Does delay of gratification affect the probability of engaging in self-employment and does it contribute to their business performance? This article aims to quantify impacts of delay of gratification on engaging in self-employment and business performance. Using Lao PDR as representative of least-developed countries, We analyze nationally representative survey data from the Lao-STEP Skills Measurement Household Survey, we estimate binary Probit and Logit model to quantify impacts of delay of gratification on probability of self-employment. And, ...
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    The role of financial literacy on earnings and old aged saving among self-employed workers 

    Praewpailin Janposri; Amornrat Apinunmahakul (National Institute of Development Administration, 2020)

    Regrading a rapid ageing population in Thailand, its effect will impact to labor participation by creating labor shortage and harming economic growth respectively. As a trend of being self-employed tends to increase significantly in near future (Arayavechkit, et.al. 2015), it raises a concerning of saving for retirement due to lacking of social security and pension funds. Therefore, it becomes a self-employed responsibility to decide their planning and save for retirement by themselves in order to meet retirement well-being. Since financial ...