An Analysis of Inequality of Economic Opportunity in Thailand

Montchai Pinitjitsamut

Journal of Economic and Financial Studies (JEFS), 2014, vol. 2, issue 6, 37-42

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.

Keywords: Inequality of economic opportunity; Inequality measure; Probit model. (search for similar items in EconPapers)
JEL-codes: I30 I31 I39 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:lrc:lareco:v:2:y:2014:i:6:p:37-42

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