Labor Force Participation of Thai Elderly Workers

Authors

ผศ.ดร.ทัศนีย์ สติมานนท์, นายมณเฑียร สติมานนท์

Published

13th International Conference on Humanities and Social Sciences: People, Culture, Digital Connectivity and Social Changes, Proceedings of IC-HUSO 2017

Abstract

This study examines significant factors that influence Thai elderly labor’s decision to
work and their labor supply. Factors are grouped into three categories that are demographic,
financial status, and financial satisfaction. The surveyed data from Health, Aging, and Retirement
in Thailand project (HART project) in 2016 – 2017 has been used to estimate labor supply model
by Tobit regression. The positive factors that increase work hours of elderly people are the selfevaluation of financial status, financial satisfaction, health, as well as income from business and
transfer. Furthermore, respondents in Bangkok and metropolitan area, central, and north regions
work more hours than respondents in northeast region. On the other hands, the negative factors,
that affect workhours, are age of respondents, being female, number of children who are still
alive, amount of welfare from government, house value, and problems about personal physics
(arms or legs) and speech impairment.

https://hs.kku.ac.th/ichuso/2017/Content-IC-HUSO2017.pdf

Labor Force Participation of Thai Elderly Workers. Rattana Pithaya Building, Faculty of Humanities and Social Sciences, Khon Kaen University, 13th International Conference on Humanities and Social Sciences 2017 (1035-1054).