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.
Highlights
In Thailand, an inequality of economic opportunity still undiscovered issue
The study mainly focuses on the distribution of income and income inequality
The income inequality improved over a decade
Summary
In Thailand, an inequality of economic opportunity still undiscovered issue. The study mainly focuses on the distribution of income and income inequality. The income inequality improved over a decade. Gini coefficient increased significantly from 0.42 in 2004 to 0.47 in 2007 and 0.47 in 2009. The economic opportunities of individuals are influenced by socio-economic factors, such as income, innate ability, educational ability, as well. Personal economic opportunity, influencing by education achievement, impacts to personal future income and would be create the generation economic opportunity
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