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Labour Market Functioning and Thailand's Competitiveness

Author

Listed:
  • Dilaka Lathapipat

    (TDRI)

  • Thitima Chucherd

    (Bank of Thailand)

Abstract

This paper investings the functioning of the Thai labor market in regards to structural transformation and wage structure determination. It also aims to shed light on two puzzling pieces of evidence. These are (i) the observation of low and declining unemployment rates while recent firm surveys indicate and apparent lack of both the quality of labor supply, and (ii) the stagnant growth of educational real wages in the face of tightening .abor market. Using macro and micro-level dataset, the paper addresses the fundamental problems of the labor market and draws a set of policy recommendations for improving labor market efficiency and enhancing the country's competitiveness.

Suggested Citation

  • Dilaka Lathapipat & Thitima Chucherd, 2013. "Labour Market Functioning and Thailand's Competitiveness," Working Papers 2013-03, Monetary Policy Group, Bank of Thailand.
  • Handle: RePEc:bth:wpaper:2013-03
    as

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    File URL: http://www.bot.or.th/Thai/EconomicConditions/Publication/DiscussionPaper_2556/DP022013.pdf
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    References listed on IDEAS

    as
    1. Barro, Robert J. & Lee, Jong Wha, 2013. "A new data set of educational attainment in the world, 1950–2010," Journal of Development Economics, Elsevier, vol. 104(C), pages 184-198.
    2. Amil Petrin & James Levinsohn, 2012. "Measuring aggregate productivity growth using plant-level data," RAND Journal of Economics, RAND Corporation, vol. 43(4), pages 705-725, December.
    3. Wooldridge, Jeffrey M., 2009. "On estimating firm-level production functions using proxy variables to control for unobservables," Economics Letters, Elsevier, vol. 104(3), pages 112-114, September.
    4. Hyytinen, Ari & Maliranta, Mika, 2013. "Firm lifecycles and evolution of industry productivity," Research Policy, Elsevier, vol. 42(5), pages 1080-1098.
    5. Corriveau, L., 1991. "Entrepreneurs, Growth and Cycles," Working Papers 9109e, University of Ottawa, Department of Economics.
    6. Kiatipong Ariyapruchya & Sukonpat Chantapant & Tosapol Apaitan, 2011. "Dealing with Structural Change: A Diagnosis of the Thai Economy," Working Papers 2011-04, Monetary Policy Group, Bank of Thailand.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Central Bank Balance Sheet and Policy Implications;

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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