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dc.contributor.advisorMontree Socatiyanuraken
dc.contributor.authorLanliya Samsuwanen
dc.date.accessioned2021-03-24T10:38:11Z
dc.date.available2021-03-24T10:38:11Z
dc.date.issued2019
dc.identifierb210927
dc.identifier.urihttps://repository.nida.ac.th/handle/662723737/5202
dc.descriptionThesis (D.P.A.)--National Institute of Development Administration, 2019
dc.description.abstractThis study objectives are 1) to examine the causal relationships in financial literacy, self-efficacy, financial motivation planning, risk in financial planning, and retirement financial planning among people living in the northeastern region of Thailand through empirical data performed by confirmatory factor analysis, 2) to analyze causal relationship of financial literacy, self-efficacy, financial motivation planning, risk in financial planning, and retirement financial planning among people living in the northeastern region of Thailand by structural equation modelling, and 3) to present policy recommendations on financial literacy, self-efficacy, financial motivation planning, risk in financial planning, and retirement financial planning targeted at people living in the northeastern region of Thailand. Mixed methods research is adopted. For quantitative research approach, the samples are drawn from the results of survey of financial literacy carried out by the Bank of Thailand. According to the 2016 survey, the provinces with the lowest financial literacy includes Buriram, Loei, Nakhon Phanom, Udon Thani, and Surin. Proportional sampling is utilized by selecting the working population aged 25 – 59 years. Then, accidental sampling is applied to obtain 460 samples. For qualitative research method, focus group is conducted with 9 experts to review the draft of policy recommendations on financial literacy, self-efficacy, financial motivation planning, risk in financial planning, and retirement financial planning intended for people living in the northeast of Thailand. The results of confirmatory factor analysis and structured equation modelling find that most factor loadings of observed variables are greater than 0.40 with the statistical significance at the 0.01 level. The smallest values of factor loadings of observed variables that belong to each latent variable includes financial knowledge (financial literacy), responsibility (self-efficacy), direction and goals (financial planning motivation), return on investment (risk in financial planning), and supporting factors (retirement financial planning). For the causal relationship of the factors influencing retirement planning, it is found that risk in financial planning, financial literacy, and financial motivation planning has direct and indirect effects with the total effects of 0.19, 0.36, and 0.45, respectively. Self-efficacy is the construct that has the direct effect of 0.53. According to the results of total effect, it is obvious that self-efficacy is the construct that has the largest effect on retirement planning, followed by financial planning motivation, financial literacy, and risk in financial planning, respectively. These results are in line with the results of focus group by 9 financial experts, it is obvious that self-efficacy is the construct that has the largest effect on retirement planning. They agreed that a rising number of senior citizens may not cause any problems to the country’s economy in case they are promoted and supported in an appropriate manner. The government should promote self-confidence among people and awareness of retirement planning. It was an issue that lived near them, and within 15 years, Thailand would become “a super aged society”. Raising an awareness of retirement planning among all sectors of the society must be done to make individuals realize its importance and get themselves prepared and promote financial knowledge and formulate an education policy on financial behavior. Positive financial behavior influences savings and financial planning at a high level. For the future research should adopt the experiment research approach and in-depth interview method to gain an insight into the applicable method and process of retirement planning and should focus on reproductive policy. It could increase the population of children which will serve as the future workforce. If the government has attractive and supportive measures, such problems could be fixed in the long term.en
dc.format.extent243 leavesen
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.publisherNational Institute of Development Administrationen
dc.rightsผลงานนี้เผยแพร่ภายใต้ลิขสิทธิ์ของสถาบันบัณฑิตพัฒนบริหารศาสตร์th
dc.subjecte-Thesisen
dc.subject.otherFinance, Personalen
dc.subject.otherRetirees -- Finance, Personalen
dc.subject.otherRetirement income -- Planningen
dc.titleThe causal relationship in financial literacy, self-efficacy, financial planning motivation, risk in financial planning and retirement financial planning among people in the Northeastern region of Thailand in the context of an ageing societyen
dc.typeTexten
dc.rights.holderNational Institute of Development Administrationen
mods.genreDissertation
mods.physicalLocationสถาบันบัณฑิตพัฒนบริหารศาสตร์. สำนักบรรณสารการพัฒนาth
thesis.degree.nameDoctor of Public Administrationen
thesis.degree.levelDoctoral
thesis.degree.grantorNational Institute of Development Administrationen
thesis.degree.departmentSchool of Public Administrationen


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