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CHANGES IN THAI LABOR INCOME DISTRIBUTION FROM 1985 TO 2017: SOME EVIDENCE OF RISING DEMAND FOR HIGHER EDUCATION |
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| รหัสดีโอไอ | |
| Creator | Warut Samart |
| Title | CHANGES IN THAI LABOR INCOME DISTRIBUTION FROM 1985 TO 2017: SOME EVIDENCE OF RISING DEMAND FOR HIGHER EDUCATION |
| Publisher | University of the Thai Chamber of Commerce |
| Publication Year | 2564 |
| Journal Title | UTCC International Journal of Business and Economics |
| Journal Vol. | 13 |
| Journal No. | 1 |
| Page no. | 135-152 |
| Keyword | labor income, labor demand, higher education, Skill-Biased Technological Change |
| URL Website | http://ijbejournal.com/ |
| Website title | ijbejournal |
| ISSN | 1906-5582 (paper) |
| Abstract | This paper investigates changes in the distribution of the real hourly labor income in the Thai labor market from 1985 to 2017. The results show that overall labor income has increased over the past three decades. The gender earnings gap has substantially reduced; however, the disparity between regions still exists. The results also indicate an increase in labor income of workers with primary school and higher education during the past three decades. This study aims to evaluate the cause of the increase according to the changes in demand for labor. The results indicate that the increase in labor income of workers with higher education is due to the increase in their labor demand. In contrast, the increase in labor income of primary school workers is due to the increase in the minimum wage. The evidence on the industry-occupational distribution of workers supports the explanation of demand increase due to Skills-Biased Technological Change: SBTC. |
