Socio-Economic Determinants of Consumption Patterns in Thailand

Article Details

Suchita Manajit, s.manajit@gmail.com, Mahidol University, Thailand
Bhubate Samutachak, , Mahidol University, Thailand
Marc Voelker, , Mahidol University, Thailand

Journal: The Asia-Pacific Social Science Review
Volume 20 Issue 2 (Published: 2020-06-01)

Abstract

The purposes of this study were (1) to investigate household consumption patterns, and (2) to investigate how household socioeconomic characteristics contribute to different consumption patterns. The data were obtained from the Household Socio-Economic Survey in the year 2015 by the National Statistical Office of Thailand. The sample consisted of 43,224 households. Cluster analysis was employed to reveal the consumption patterns of households. The relationship between the consumption patterns and household socio economics factors was analyzed using logistic regression. The results found five distinctively different consumption. Households with older persons were incorporated in the investigation along with other characteristics of the household, that is, the region of residence, area of residence (municipal or non-municipal area), household arrangement (one person, nuclear, extended, and others), children in the household, older person in the household, sex, marital status, education, work status of household head, and average monthly income of the household. Logistic regression analysis was employed to test the association between household characteristics and consumption patterns, suggesting that household characteristics contributed to consumption patterns. Households with older persons tended to have food-dominated and housing-dominated patterns.

Keywords: consumption patterns, socioeconomic determinants, older person household, Thailand

DOI: https://www.dlsu.edu.ph/wp-content/uploads/pdf/research/journals/apssr/2020-June-vol20-2/6-socio-economic-determinants-of-consumption-patterns-in-thailand.pdf
  References:

Aldenderfer, M. S., & Blashfield, R. (1984). Cluster analysis.: SAGE Publications.

Ando, A., & Modigliani, F. (1963). The" life cycle" hypothesis of saving: Aggregate implications and tests. The American eEconomic rReview, 53(1), 55-–84.

Banerjee, S. (2014). How does household expenditure change with age for older Americans? EBRI Notes, 35(9), 2-–11.

Banerjee, S. (2015). Change in household spending after retirement: Results from a longitudinal sample. EBRI Issue Brief, (420), 4-–19.

Buathong, T. (2013). Age composition of households and consumption patterns in Thailand. Journal of Humanities and Social Sciences. of Ubon Ratchathani University,, 4(2), 26-–44.

Burzig, J., & Herrmann, R. (2012). Food expenditure patterns of the generation 50+: anAn Engel-curve analysis for Germany. British Food Journal, 114(10), 1380-–1393.

Chawla, R. K. (2005). Shifts in spending patterns of older Canadians.: Statistics Canada.

Chawla, R. K. (2006a). Change in expenditure patterns of older households in Canada, 1982-2003 Raj K. Chawla. Paper presented at The 29th General Conference of The International Association for Research in Income and Wealth. , held in Joensuu, Finland on Month day range.

Chawla, R. K. (2006b). Shifts in spending patterns of older Canadians. Perspectives on labor Labour and incomeIncome, 18(1), 19–xx.

Chung, Y. S. (1990). Expenditure patterns of older and younger consumers [Unpublished xxxxxxxx xxxxxx]. University of Illinois at Urbana-Champaign,

Chung, Y. S. (1998). Culture and consumption expenditure patterns: comparison Comparison between Korean and United States households. Journal of Consumer Studies & Home Economics, 22(1), 39-–50.

Denton, F. T., Mountain, D. C., & Spencer, B. G. (2006). Age, retirement, and expenditure patterns: An econometric study of older households. Atlantic Economic Journal, 34(4), 421-–434. https://doi.org/doi:10.1007/s11293-006-9028-8

Fan, J. X. (1993). Ethnic differences in preference structure and budget allocation patterns. [(Unpublished doctoral dissertation]). The Ohio State University,

Foster, A. C. (2015). Consumer expenditures vary by age. Beyond the Numbers: Prices and Spending, 4 (14). Retrieved from www.bls.gov/opub/btn/volume-4/consumer-expenditures-vary-by-age.htm

Goodwin, N., Nelson, J. A., Ackerman, F., & Weisskopf, T. (2008). Consumption and the consumer society. Global Development and Environment Institute, 1-26.

Institute for Population and Social Research. (2018). Mahidol population gazette, Mahidol University. Retrieved from http://www.ipsr.mahidol.ac.th/ipsrbeta/en/Gazette.aspx. http://www.ipsr.mahidol.ac.th/ipsrbeta/en/Gazette.aspx

Jitsuchon, S., Skoufias, E., & Wiener, M. (2012). Reducing Eelderly poverty in Thailand: The role of Thailand’s pension and social assistance programs. Bangkok: The World Bank.

Ketkar, S. L., & Cho, W. (1982). Demographic factors and the pattern of household expenditures in the United States. Atlantic Economic Journal, 10(3), 16-–27.

Knodel, J., Teerawichitchainan, B. P., Prachuabmoh, V., & Pothisiri, W. (2015). The situation of Thailand’s older population: An update based on the 2014 Survey of Older Persons in Thailand.

Lafrance, A., & LaRochelle-Côté, S. (2011). Consumption patterns among aging Canadians: A synthetic cohort approach.: Statistics Canada, Economic Analysis Division.

Lee, H.-S. (2001). Factors influencing the consumption expenditures of retired Eelderly households: Focused on the factor of wealth components. Journal of Korean Home Economics Association English Edition: Vol, 2(1), xx–xx.

Lührmann, M. (2010). Consumer expenditures and home production at retirement – new New evidence from Germany. German Economic Review, 11(2), 225-–245.

Luncido, A. J. P., Cruz, E. D., & Ayala, M. L. (n.d.). Consumption expenditure of the elderly headed households in Mindanao. Retrieved from http://www.academia.edu/12702357/Consumption_Expenditure_of_the_Elderly-Headed_Households_in_Mindanao

Lusardi, A., & Mitchelli, O. S. (2007). Financial literacy and retirement preparedness: Evidence and implications for financial education. Business economicsEconomics, 42(1), 35-–44.

Magrabi, F. M., Chung, Y. S., Cha, S. S., & Yang, S. J. (1991). The economics of household consumption. Greenwood Publishing Group.

Modigliani, F. (1988). The role of intergenerational transfers and life cycle saving in the accumulation of wealth. The Journal of Economic Perspectives, 2(2), 15-–40. Retrieved from http://www.jstor.org/stable/1942847

Modigliani, F., & Brumberg, R. (1954). Utility analysis and the consumption function: An interpretation of cross-section data. Franco Modigliani, 1. In A. Editor (Ed.), Book title (pp. xx–xx). Publisher.

Neal, E. G., Schwenk, F. N., & Courtless, J. C. (1990). Apparel expenditures of older consumers. Family eEconomics rReview, x(x), xx–xx-US Department of Agriculture, Agricultural Research Service.

Organization for Economic Cooperation and DevelopmentOECD. (2013). OECD framework for statistics on the distribution of household income, consumption and Wwealth.: OECD Publishing.

Organization for Economic Cooperation and DevelopmentOECD. (2018). Household spending (indicator). Retrieved from https://data.oecd.org/hha/household-spending.htm

Ohtake, F., & Saito, M. (1998). Population aging and consumption inequality in Japan. Review of Income and Wealth, 44(3), 361-–381.

Paim, L. (1995). A consumption model for measuring poverty: An exploratory exercise. Social Indicators Research, 35(2), 129-–153. Retrieved from http://www.jstor.org/stable/27522838

Prasartkul, P., & Vapattanawong, P. (2011). Transitional point of the Thai population. In S. unpuing & M. Sunpuwan (Eds.), Thailand’s population in transition: A turning point of Thai society (pp. 13–22). Nakhon-Pathom, Thailand: Institute for Population and Social Research.

Schwenk, F. (1993). Housing expenditures of the elderly: Owners and renters. Family Economics Review, 6(3), 2-–7.

Schwerdt, G. (2005). Why does consumption fall at retirement? Evidence from Germany. Economics Letters, 89(3), 300-–305.

Smuseneeto, A., & Soonthorndhada, K. (2011). The impact of health factors on financial security among the Thai Eelderly: In 2002 and 2007. Journal of Health Research, 25(1), 11-–14.

Suwanrada, W. (2008). Poverty and financial security of the elderly in Thailand. Aging International, 33(1-–4), 50-–61.

TGRI. (2016). Situation of the Thai elderly 2015.: Foundation of Thai Gerontology Research and Development Institute.

United Nations FPAPopulation Fund. (2011). Impact of demographic change in Thailand. Publisher.

United Nations Population FundUNFPA. (2016). The state of Thailand’s population report 2015.: The United Nations Population Fund Thailand and the Office of the National Economic and Social Development Board,.

Varlamova, J., & Larionova, N. (2015). Macroeconomic and demographic determinants of household expenditures in OECD countries. Procedia Economics and Finance, 24, 727-–733.

Wakabayashi, M. (2008). The retirement consumption puzzle in Japan. Journal of pPopulation eEconomics, 21(4), 983-–1005.

Walker, R. S., & Schwenk, F. N. (1991). Income and expenditure patterns of consumer units with reference persons age 70 to 79 and 80 or older. Family Economics Review, 4(1), 8-–13.

Wongboonsin, K., Guest, P., & Prachuabmoh, V. (2005). Demographic change and the demographic dividend in Thailand. Asian Population Studies, 1(2), 245-–256.

World Bank Group. (2011). Thailand now an upper middle income economy. Retrieved from http://www.worldbank.org/en/news/press-release/2011/08/02/thailand-now-upper-middle-income-economy. Retrieved August 1, 2016 from http://www.worldbank.org/en/news/press-release/2011/08/02/thailand-now-upper-middle-income-economy

  Cited by:
     None...