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Revisiting the Conventional Wisdom of Development, Sustainability and Happy Ageing: The Case of Thailand’s Data

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  • Euamporn Phijaisanit

    (Faculty of Economics, Thammasat University)

Abstract

This study revisits the conventional wisdom of development, sustainability and happy ageing. The first part explores the existing research frontier on how happiness proceeds with age and assimilates different notions of happiness which influence public policies and global demands. The second part extracts the statistics from the National Statistical Office’s 2021 Survey of the Older Persons in Thailand and presents stylised facts about the characteristics of Thailand’s ageing population in connection with the United Nations Sustainable Development Goals (SDGs). The third part examines happiness in older persons using ordered logistic regression. Happiness is represented by the reported scale based on the respondent’s own value judgment. The finding reveals that the happiness level significantly reflects socio-economic and health well-being and, thus, can potentially be intervened by political commitment and suitable public policies in concert with the SDGs. Happiness can be considered both as an outcome and a useful success indicator of public policies. However, the criteria for happiness can be very subjective. The public sectors must take precautions against political bias and inefficiency in incorporating old-age happiness into their development agenda. An effective policy coherence, particularly in Non-High- Income Countries (NHICs), requires a thorough understanding of old-age happiness in a more local areaspecific context which is an attempt of this study. Policy recommendations from the findings are summoned into four arenas, namely: (i) policy on education and lifelong learning, (ii) policy on income and old-age employment, (iii) policy on healthcare, public services and revenue raising, and (iv) policy on local area disparity.

Suggested Citation

  • Euamporn Phijaisanit, 2022. "Revisiting the Conventional Wisdom of Development, Sustainability and Happy Ageing: The Case of Thailand’s Data," Discussion Papers 71, Thammasat University, Faculty of Economics, revised Jan 2022.
  • Handle: RePEc:tha:wpaper:71
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    References listed on IDEAS

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    1. Angus Deaton, 2008. "Income, Health, and Well-Being around the World: Evidence from the Gallup World Poll," Journal of Economic Perspectives, American Economic Association, vol. 22(2), pages 53-72, Spring.
    2. Clémence Kieny & Gabriela Flores & Michael Ingenhaag & Jürgen Maurer, 2022. "Healthy, Wealthy, Wise, and Happy? Assessing Age Differences in Evaluative and Emotional Well-Being Among Mature Adults from Five Low- and Middle-Income Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 160(2), pages 1019-1050, April.
    3. Angus Deaton, 2010. "Income, Aging, Health and Well-Being around the World: Evidence from the Gallup World Poll," NBER Chapters, in: Research Findings in the Economics of Aging, pages 235-263, National Bureau of Economic Research, Inc.
    4. David G. Blanchflower & Andrew J. Oswald, 2019. "Do Humans Suffer a Psychological Low in Midlife? Two Approaches (With and Without Controls) in Seven Data Sets," Springer Books, in: Mariano Rojas (ed.), The Economics of Happiness, chapter 0, pages 439-453, Springer.
    5. Carol Graham & Julia Ruiz Pozuelo, 2017. "Happiness, stress, and age: how the U curve varies across people and places," Journal of Population Economics, Springer;European Society for Population Economics, vol. 30(1), pages 225-264, January.
    6. Paul Dolan & Richard Layard & Robert Metcalfe, 2011. "Measuring Subjective Wellbeing for Public Policy: Recommendations on Measures," CEP Reports 23, Centre for Economic Performance, LSE.
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    Cited by:

    1. Euamporn Phijaisanit, 2024. "Fostering Active Ageing in Thailand's Informal Economy: A Policy Imperative," Discussion Papers 82, Thammasat University, Faculty of Economics, revised Feb 2024.

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    More about this item

    Keywords

    ageing; old-age happiness; sustainable development; public policy; SDGs;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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