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    Raising standard of living via minimum wage policy versus transfer payment policy 

    Sanpong Chuenroj; Suchittra Chamnivickorn, advisor (National Institute of Development Administration, 2012)

    It has been, historically, found that one of the most successful economic development concepts is the concept of welfare state where a government plays a big role in providing social benefits for its citizens through its various government intervention policies. This administrative concept has been widely adopted by many European countries with successes in Scandinavian countries, namely, Norway, Sweden, Denmark, and Finland. Attempts had been made by Thai government to adopt the welfare state concept to improve the well-beings of Thais. But ...