 Social Security Schemes, Economic Crisis, and Child Education: An Empirical Study During the COVID‐19 Pandemic in ThailandAeggarchat Sirisankanan and Papar Kananurak Australian Economic Papers, 2025, vol. 64, issue 4, 417-434 Abstract: This study first examined the function of social security schemes in moderating the adverse effects on child education of unemployment among household members. Using data from the 2019 non‐crisis period and the 2021 crisis period from the Thailand Socio‐Economic Survey, two‐step estimation models were employed due to the presence of a large number of censored observations. In addition, the validity of the results was supported by utilizing an instrumental variable approach to address the possibility of an endogeneity problem. Of greater importance, the negative effects of unemployment were moderated when unemployed household members were covered by social security schemes. The results show that the negative impact of unemployment on educational spending was significantly larger during the 2021 crisis period compared to the 2019 non‐crisis period. To further verify the mitigating role of SSS, the robustness of the results was also checked by including an interaction term between unemployment and SSS in two‐stage decision models, along with additional control variables. Date: 2025 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:ausecp:v:64:y:2025:i:4:p:417-434 Ordering information: This journal article can be ordered from Access Statistics for this article Australian Economic Papers is currently edited by Daniel Leonard More articles in Australian Economic Papers from Wiley Blackwell |
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