Applied Economics Journal

Applied Economics Journal

ISSN 0858-9291

***Search articles and news
Home About Us Article Staff Sitemap Contact Us
      General Information
  • AEJ highlights the applications of concepts and theories to issues in micro- and macroeconomics
  • Double-blind peer review
  • Two issues a year (Jun, Dec)
  • Open access to all full-text content

Vol. 23 No. 1
Vol. 23 No. 1
Income, Saving, and Wealth of Thai Rural Households: A Case Study of Saving Adequacies


Direk Patmasiriwat and Suwimon Hengpatana


This paper investigates the savings and wealth of Thai rural households with an emphasis on the issue of saving inadequacies. We use the household survey conducted by the National Statistical Office in 2009 as a database. First, we hypothesize an interrelationship between household income, saving, and assets. Further, we estimate the scope of the relationship using an econometric technique and examine savings predicted over the household’s lifecycle. Our findings indicate that: (i) approximately 29% of Thai rural households overspent their income; indeed, this group failed to save and incurred negative savings, (ii) 47% of Thai rural households inadequately saved due to a “weak definition” which signifies the amount saved is inadequate or too little to cope with future risks and uncertainties. Calculations related to the probabilities of saving inadequacies compared age-cohorts, occupations, and levels of education. The last section discusses long-term implications of saving inadequacies, and limitations of the model for improving saving practices within Thai rural households.

Keywords:   Income, saving, wealth, saving inadequacy, socio-economic factors, rural household, Thailand

View Abstract 609 Hit(s)
Download Fulltext 651 Hit(s)

Faculty of Economics Kasetsart University :  Center for Applied Economic Research (CAER) :  Other Journals :  Thai-Journal Citation Index Centre (TCI) (TCI)

Download Acrobat Read : Download Thai Firefox
Total visitor 2433907 peoples
Kasersart University Journal of Economics
Center for Applied Economics Research, Faculty of Economics, Kasetsart University
50 Phahon Yothin Road, Jatujak, Bangkok 10900 , Tel/Fax : +66 25615037
e-mail : aej.journal@gmail.com