Wednesday Seminar

Seminar No.  1005
 March 14, 2018 Time: 13:30 – 14:30 hrs. Room Srabua (109)

Consumption Patterns and Financial Security of Older Persons in Thailand

By:  Ms. Suchita Manachit, Ph.D. student


Older person's consumption pattern in Thailand has become a mystery matter due to the unique economic and social environment of the 21-century in Thailand. Economic improvement has brought along the better and more expensive standard of living. The way that people live their lives and items of expenditure that are necessary to living is much different from the past. Beside the living standard, living arrangement of the Thai household has also differed from the past.
In the seminar, the presenter will present the progress report on her dissertation titled “Consumption Patterns and Financial Security of Older Persons in Thailand”. The study investigated changes in consumption patterns of the household and household with older person before and after Thailand enter Aging Society in year 2005. Moreover, the study investigated older person household characteristic of each consumption pattern clusters using cluster analysis.
The data that used in this study is the Household Socio-Economic Survey (SES) year 1996, 2006 and 2015 by Thailand National Statistic Office. The SES dataset contains 25,110 household for year 1996, 44,918 household for year 2006 and 43,400 household for year 2015. Consumption pattern are grouped according to Classification of Individual Consumption according to Purpose (COICOP) published by the United Nations Statistics Division.
The result revealed consumption pattern of household in general and household with older person before and after aged society. Surprisingly against  the common understanding, health related expense for older person household seem to decline over years.  Food and non-alcoholic beverages remain the single largest consumption expenditure for Thais households.
Please come join us to hear from her and would be grateful for any additional suggestions and comments.
Moderator: Ms. Reena Tadee