An Analysis of Inequality of Economic Opportunity in Thailand
DOI:
https://doi.org/10.18533/jefs.v2i04.74Keywords:
Inequality of economic opportunity, Inequality measure, Probit model.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.
References
Atkinson, A.B., 1983. Social justice and public policy. Cambridge, Mass.: The MIT Press.
Becker, G.S., 1993. Human capital: A theoretical and empirical analysis with special reference to education. 3rded., Chicago: The University of
Chicago Press. http://dx.doi.org/10.7208/chicago/9780226041223.001.0001
Chapman, B. and Ryan, C., 2005. The access implications of income-contingent charges for higher education: lessons from Australia. Economics of Education Review, 24: 491-512. http://dx.doi.org/10.1016/j.econedurev.2004.08.009
Jacob, M., 1974. Schooling, experience and earnings. New York: Columbia University Press.
Okun, A.M., 1980. Equality of income and opportunity. In Wealth, Income, and Inequality. 2nd ed., Anthony Barnes Atkinson, ed., England: Oxford University Press, pp.15-23.
Pinitjitsamut, M., 2012. An estimation of lifetime earnings and return on undergraduate education investment for different fields: a case of Thailand. International Journal of Education Economics and Development, 3(2):149-163. http://dx.doi.org/10.1504/IJEED.2012.047101
Rawls, J., 1973. A theory of justice. Cambridge, Mass.: Harvard University Press.
Roemer, J.E., 1998. Equality of opportunity, Cambridge, Mass.: Harvard University Press.
Downloads
Published
Issue
Section
License
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) after official publication, as it can lead to productive exchanges as well as greater citation of published work (See The Effect of Open Access).
