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An Analysis of Inequality of Economic Opportunity in Thailand

Author

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  • Montchai Pinitjitsamut

    (Department of Agricultural and Resource Economics, Faculty of Economics,Kasetsart University, Thailand)

Abstract

This study aims to understand the socioeconomic and family backgrounds that affect individual economic opportunity in term of labor income on and above average income in different regions of Thailand. The results present that both age and marital status have positive impact to individual’s economic opportunity. Because it related to the necessity in personal family life. People works in Bangkok not necessary to get economic opportunity greater than others. Most inequality indicators show the inequality situation in Thailand still not as high as expectation. However, ordinary person usually get only less than 50% (0.4855) opportunity to get earning equal or more the average. Also, the society should concern the inequality of economic opportunity in optimal level which make equality parameter not greater than 0.5. This will create the mechanism to minimize the level of inequality, as a whole.

Suggested Citation

  • Montchai Pinitjitsamut, 2014. "An Analysis of Inequality of Economic Opportunity in Thailand," Journal of Economic and Financial Studies (JEFS), LAR Center Press, vol. 2(6), pages 37-42, December.
    • Handle: RePEc:lrc:lareco:v:2:y:2014:i:6:p:37-42
    DOI: http://dx.doi.org/10.18533/jefs.v2i04.74
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    More about this item

    Keywords

    Inequality of economic opportunity; Inequality measure; Probit model.;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • I39 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Other

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