Income distribution and socio-economic disparity in aging society in Thailand
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2019
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2562
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19 pages
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b374627
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
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Dararatt Anantanasuwong (2019). Income distribution and socio-economic disparity in aging society in Thailand. Retrieved from: https://repository.nida.ac.th/handle/662723737/6560.
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Income distribution and socio-economic disparity in aging society in Thailand
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Abstract
The paper is focused on the income distribution and socio-economic disparity in aging
society in Thailand. Using the household panel data from the Health, Aging, and
Retirement in Thailand (HART) Wave 2 (2017) survey, Gini coefficient index and socio-
economic disparity are estimated. The results indicate that income distribution situation,
Gini coefficient index, is unequally distributed among the young old (aged 60-69) and the
mid-old (aged 70-79) and among those by gender, by region and by living area (urban or
rural). Besides, disparities in educational attainment by age group, region, and living area
exist. The socio-economic disparities imply the limit opportunities for economic security
and choice of work for earning income. Policy implication suggests more concrete efforts
should be emphasized on regional economic development, especially in the northeast and
the south. Policies related to job creation for the young old and the mid old persons such as
retirement age extension, reemployment system, skill retraining, and fexible employment
system, including long-term care (LTC) system for the oldest old should be focused. Finally,
policies to promote 'healthy aging' to increase heathy life expectancy of population for
longer working life is also crucial.