scholarly journals Towards Sustainable Retirement Planning of Wageworkers in Thailand: A Qualitative Approach in Behavioral Segmentation and Financial Pain Point Identification

Risks ◽  
2022 ◽  
Vol 10 (1) ◽  
pp. 8
Author(s):  
Chavis Ketkaew ◽  
Martine Van Wouwe ◽  
Ann Jorrisen ◽  
Danny Cassimon ◽  
Preecha Vichitthamaros ◽  
...  
Keyword(s):  
Low Income ◽  
Financial Literacy ◽  
Pension System ◽  
Qualitative Content Analysis ◽  
Financial Assets ◽  
Retirement Plans ◽  
Low Literacy ◽  
Thai Government ◽  
The Government ◽  
Depth Interviews

Thailand recently reached “aged” society status, signifying that over twenty percent of the population is over sixty. Considering that Thailand has a low literacy rate, a fractured pension system, and no regulations that could provide sufficient income to cover basic needs after retirement, there will be economic repercussions if the situation is not handled soon. The government and financial institutions have been encouraging Thai citizens to prepare retirement plans but lack understanding of the root causes of being unprepared for retirement. The objectives of this qualitative research were to explore the behavior, knowledge, and preparedness towards retirement in governmental and private wageworkers. Moreover, the study aims to identify the pain points of being unprepared for retirement and deliver the optimal solutions and sustainable retirement plans suitable for each segment. This article employed a sample of 46 wageworkers in Khon Kaen, Thailand with ages ranging from 20 to 59 years old. Qualitative semi-structured in-depth interviews and qualitative content analysis were conducted with the respondents asking about their income, expenses, pains, and problems towards saving for retirement, their desired outcome after they retire, and how they would achieve it. The framework used for the in-depth qualitative interview was by utilizing the customer, problem, and solution zoom tool. The research contributions were to facilitate Thai citizens being ready for retirement stages and overcome post-retirement risks sustainably. The results revealed that the sample could be divided into four segments by their characteristics. Two low-income segments share the same traits and behaviors that can prove that financial literacy plays an essential role in retirement readiness. Lower-income wage workers do not have their money put in place to prepare for retirement. Additionally, this article discussed the study’s implications for wageworkers, employers, and the Thai government. This article recommended that Thai citizens should accumulate wealth in various ways, including investment in financial assets and earning additional income from a second job. Employers should provide suitable retirement contribution schemes. The government should launch a policy enabling above-60-year-old seniors to continue working.

Financial literacy and retirement planning in Sweden

2011 ◽  
Vol 10 (4) ◽  
pp. 585-598 ◽  
Author(s):  
JOHAN ALMENBERG ◽  
JENNY SÄVE-SÖDERBERGH
Keyword(s):  
Educational Attainment ◽  
Low Income ◽  
Financial Literacy ◽  
Pension System ◽  
Retirement Planning ◽  
Strongly Correlated ◽  
Consumer Survey ◽  
Swedish Population ◽  
Risk Diversification

AbstractWe use data from the Swedish Financial Supervisory 2010 consumer survey to look at levels of financial literacy and retirement planning in the Swedish population. The results indicate that many adults have low financial literacy. In general, financial literacy levels are lower among the young, the old, women and those with low income or low educational attainment. People who report having tried to plan for retirement have higher levels of financial literacy. In particular, an understanding of risk diversification is strongly correlated with planning for retirement. We relate our findings to features of the Swedish pension system.

Factors Influencing the Adoption of ISO/IEC 29110 in Thai Government Projects

2021 ◽  
pp. 1340-1366
Author(s):  
Veeraporn Siddoo ◽  
Noppachai Wongsai
Keyword(s):  
Content Analysis ◽  
Financial Support ◽  
Success Factors ◽  
Qualitative Content Analysis ◽  
Software Process ◽  
Time Constraints ◽  
Government Organizations ◽  
Factors Influencing ◽  
Thai Government ◽  
Depth Interviews

This paper presents the views of four Thai government organizations who had been awarded ISO/IEC 29110 Basic Profile Certification. Team ideas as to the success factors and barriers involved in implementations are explored. In-depth interviews with closed- and open-ended questions were conducted. The data collected was analyzed using qualitative content analysis. The results show two reasons for choosing standard, first, to enhance software development process, and second, because the financial support from the SIPA. The success factors were supportive organizational policy, staff participation, availability of time and resources for the improvement of the software process, consultations with the SIPA and team commitment and recognition. The barrier factors were time constraints, lack of experience, documentation load, unsynchronized means of communication and improper project selection. The findings were based on four diverse organizations. Other countries may take into account the variations e.g. working culture or organizational structure when seeking to apply these results.

scholarly journals The Effect of Expected Income on Wealth Accumulation and Retirement Contribution of Thai Wageworkers

SAGE Open ◽  
2019 ◽  
Vol 9 (4) ◽  
pp. 215824401989824
Author(s):  
Chavis Ketkaew ◽  
Martine Van Wouwe ◽  
Preecha Vichitthamaros ◽  
Duanpen Teerawanviwat
Keyword(s):  
Structural Equation ◽  
Stock Exchange ◽  
Equation Modeling ◽  
Wealth Accumulation ◽  
Financial Assets ◽  
Poverty Threshold ◽  
Stock Exchange Of Thailand ◽  
Thai Government ◽  
The Government

Thailand has now become the aging society. However, the fact that the majority of Thai wageworkers do not effectively save for their retirement may result in several elderly living below the poverty threshold during retirement. The objectives of this research article were to find the factors determining Thai wageworkers’ retirement contribution. Founded on the theory of life-cycle hypothesis, this article employed a sample of 300 wageworkers in the Northeast of Thailand and performed a statistical analysis using the structural equation modeling (SEM) approach using age as a moderator. The empirical results revealed that expected income, wealth accumulation, career status, and health status were the main constructs influencing an individual’s ability to contribute to his or her retirement. This article suggested that a wageworker should first contribute his or her income through wealth accumulation schemes such as investment in financial assets, for example, stocks, bonds, mutual funds, and properties, investment in other business as a second job, and simply cash deposit. The results suggested that wealth accumulation was the most important mediator allowing a wageworker to contribute to retirement effectively in the long term. This article also proposed thoughtful research implications for wageworkers, employers, and the Thai government. This article recommended that the government and authorized bodies (e.g., the Bank of Thailand and the Stock Exchange of Thailand) should provide more investment alternatives and improve investment knowledge of the citizens. This would allow the citizens to have sufficient financial knowledge to invest in riskier financial instruments that potentially give better returns such as stocks.

scholarly journals Staff Perspectives Toward Challenges in a Newly Established Cancer Center in Tanzania: A Qualitative Study

2019 ◽  
pp. 1-8
Author(s):  
Zainab Alwash ◽  
Oliver Henke ◽  
Furaha Serventi ◽  
Eva Johanna Kantelhardt
Keyword(s):  
Health Care ◽  
Low Income ◽  
Health Care Professionals ◽  
Qualitative Content Analysis ◽  
Low Income Countries ◽  
Health Concern ◽  
Cancer Center ◽  
Health Seeking ◽  
Training And Education ◽  
The Government

PURPOSE Cancer is a growing public health concern in low-income countries (LICs). From 14 million new patient cases identified worldwide each year, 8 million are diagnosed in LICs. The fatality rate is 75% in LICs compared with 46% in high-income countries. Causes are low literacy levels, lack of awareness and knowledge about cancer, and limited education of health care professionals that leads to late detection and diagnosis. In Tanzania, cancer incidence will double to 60,000 in 2030. The referral hospital of Northern Tanzania established a new cancer unit in December 2016 to meet these needs. However, there is limited knowledge about perceptions of health care professionals toward cancer care in LICs. This study aims to understand attitudes and perspectives of those professionals and the treatment-related challenges in a newly established center to assist future efforts in this field. METHODS A qualitative method approach using in-depth interviews was chosen to achieve inductive conceptualization. Analysis of data was performed according to qualitative content analysis. RESULTS Eleven interviews were conducted. Five main categories were found: training and education of staff, availability of financial support, challenges in management, interests in future developments, and job satisfaction. Subcategories elaborated in more detail within the main categories. CONCLUSION Limitations in staffing, training, and education were major concerns. The importance of sustainable funding and the needed cooperation of the government with international aid were identified as key points. The involvement of different stakeholders requires guidance by health care management. Health care professionals expressed their satisfaction with the possibilities of treating cancer and the rewarding feedback from patients. Misconceptions and poor knowledge by patients were mentioned as reasons for delayed health-seeking behavior. Screening and awareness programs were seen as useful interventions.

scholarly journals Facilitating Factors and Opportunities for Local Food Purchases in School Meals in Spain

2021 ◽  
Vol 18 (4) ◽  
pp. 2009
Author(s):  
Panmela Soares ◽  
Sandra Suárez-Mercader ◽  
Iris Comino ◽  
María Asunción Martínez-Milán ◽  
Suzi Barletto Cavalli ◽  
...  
Keyword(s):  
Food Policy ◽  
Local Food ◽  
Qualitative Content Analysis ◽  
School Meals ◽  
Social Fabric ◽  
The Public ◽  
Food Purchases ◽  
Facilitating Factors ◽  
The Government ◽  
Depth Interviews

The objective of this study is to explore the facilitating factors and opportunities that can promote the implementation of local food purchase (LFP) in Spanish school meals in the opinions of key informants (IK). A qualitative study was carried out based on in-depth interviews with 14 KI capable of influencing Spanish food policy (Representatives of consumers and/or producers, representatives of organizations that promote LFP, and representatives of the government and/or academics). They were asked about opportunities and facilitating factors for implementation of LFP. Interviews were recorded and transcribed. A qualitative content analysis was carried out with Atlas ti. The analysis of the interviews produced two categories that include factors that- in the interviewees’ opinions- can promote LFP (social fabric and policy) and three categories that bring together the factors that represent opportunities for implementation in school meal programs in Spain (the policy agenda, regional characteristics and regional context). The overlap between social and political demands were considered to be facilitating factors for LFP. Furthermore, in the opinions of KI, the presence of health and sustainability issues on the public agenda, the existence of a structured productive system and political changes represent an opportunity to implement LFP.

scholarly journals IMPLEMENTASI KEBIJAKAN PEMBANGUNAN PERUMAHAN BAGI MASYARAKAT BERPENGHASILAN RENDAH DI RUSUNAWA KELURAHAN DUSUN BESAR KECAMATAN SINGARAN PATI KOTA BENGKULU

2015 ◽  
Vol 1 (2) ◽  
Author(s):  
Anita Marianata
Keyword(s):  
Focus Group ◽  
Data Collection ◽  
Low Income ◽  
Development Policy ◽  
Policy Development ◽  
Housing Development ◽  
Focus Group Discussions ◽  
Group Discussions ◽  
The Government ◽  
Depth Interviews

This study aims to determine the implementation of housing development policy for low income communities in Kelurahan Dusun Besar, Singaranpati Subdistrict, Bengkulu City. This study uses a qualitative desciptive method and the data collection was conducted through in-depth interviews, focus group discussions, and documentation method. The results shows that the implementation of Rusunawa (simple rented flats) policy development in Kelurahan Dusun Besar has not been appropriate with expectation. The physical condition of Rusunawa is not habitable, because the construction of Rusunawa has not finished or neglected until now. From the 96 residence in total, only 23 units were inhabited. The Rusunawa management also did not collect the rent, due the condition of facilities in Rusunawa was not adequate such as unavailable water supply. Besides, the Rusunawa management recognized that there was no authority resignation directly from the government of Bengkulu City to the management, so that the managers did not know exactly when these flats will be resolved or the rent expense will be charged. Moreover, there was no program to improve the economy of low-income communities, so the empowerment of low- income communities living in Rusunawa was impossible. Keywords: Implementation of Policy, Housing Policy, Socio-Economics, Low-Income Communities

An Exploratory Study of Retirees and Retirement Benefits in Ado Ekiti, South West Nigeria

2012 ◽  
Vol 3 (2) ◽  
pp. 73-87
Author(s):  
Babatunde Joshua Omotosho
Keyword(s):  
Qualitative Data ◽  
Pension Reform ◽  
Systematic Sampling ◽  
Retirement Plans ◽  
Retirement Benefits ◽  
South West ◽  
The Government ◽  
Sampling Procedures ◽  
Depth Interviews ◽  
Quantitative And Qualitative Methods

Several attempts have been made over time in regards to the issue of pensions and retirement benefits in Nigeria; hence the pension reform of 2004. However, pensioners still undergo stress in the collection of their entitlements. One unique feature is that respondents have continued to survive in spite of their plights in the hands of their former employers (usually the government). This study explored means of survival of the pensioners and how it has ameliorated their sufferings in Ado Ekiti south west Nigeria. The study employed quantitative and qualitative methods in gathering the data. For quantitative data, a total of 200 copies of questionnaires were distributed among the pensioners using systematic sampling procedures. For qualitative data, in-depth interviews were conducted for twenty respondents as a complement to the qualitative data. Findings showed that a majority of the respondents were aged between 71-80 years. Equally, a majority of the respondents’ employers did not make any tangible pre-retirement plans for them. Respondents depended on spouses, children and borrowing as a means of survival. Respondents may still continue to encounter difficulties in their bid to survive after retirement. A proper pre-retirement and post-retirement plan needs to be put in place by employers in order to prepare them for retirement and also monitor their progress after retirement.

Robert L. Brown. Economic Security in an Aging Population. Butterworths Perspectives on Individual and Population Aging series. Toronto and Vancouver: Butterworths, 1991, pp. 137.

1994 ◽  
Vol 13 (1) ◽  
pp. 118-121
Author(s):  
Denis Fugère
Keyword(s):  
Low Income ◽  
Population Aging ◽  
Pension Plan ◽  
Aging Population ◽  
Economic Security ◽  
Retirement Savings ◽  
Retirement Plans ◽  
Middle Income ◽  
Income Security ◽  
The Government

ABSTRACTRobert Brown's work constitutes an excellent synthesis of the foreseeable evolution of income-security plans, as regards seniors and the problems relative to these plans in an aging-of-the-population context. However, it contains nothing new on the measures that the State should institute to diminish the effects of an aging population. Brown believes that retirement plans implemented by employers as well as personal retirement-savings plans should be the preferred forms of retirement savings encouraged by the government. Within this framework, the fiscal reform of 1990, which significantly increases the allowable deductions for a registered-retirement savings plan, comprises a step in the right direction. Unlike the author, I believe that public retirement plans like the Quebec Pension Plan (Q.P.P.) and the Canada Pension Plan (C.P.P.) should constitute the cornerstone of any policy on income security upon retirement. Consequently, in a an-aging-of-the-population context, it seems important to rapidly increase the level of contribution to these plans, in order to better capitalize them and to stabilize the long-term level of contribution. We should also study the possibility of integrating the old age income-security pension into these plans, so that the level of compensation for revenue from work guaranteed by the public plan is stabilized at a rate of 70 per cent for low-income earners and 40 per cent for middle-income earners, as is the case in the American social security plan.

scholarly journals Inclusive Development through Providing Vertical Housing for Low Income Family in Yogyakarta Urban Areas

2017 ◽  
Vol 31 (2) ◽  
pp. 246-257 ◽  
Author(s):  
Rini Rachmawati ◽  
Charina Vertinia Budiarti ◽  
Diana Febrita ◽  
Estin Sulistyani
Keyword(s):  
Low Income ◽  
Urban Areas ◽  
The Elderly ◽  
Inclusive Development ◽  
The Poor ◽  
Income Family ◽  
The Disabled ◽  
The Government ◽  
The City ◽  
Depth Interviews

Inclusive development is meant to accommodate the marginalised people, most of whom are the poor with the problem of fulfilling their need for housing. The government has tried hard to meet the need of housing by constructing rusunawa. This paper is aimed at describing the provision and uses of rusunawa, both in cities and peri-urban area by studying the cases in the City of Yogyakarta, Sleman Regency, and Bantul Regency. The study was conducted by doing observation and both structured and in-depth interviews. The research results show that rusunawa were viewed as one solution to help a low-income family in fulfilling their need for housing. In some cases in the City of Yogyakarta, rusunawa plays an essential role in preventing the settlement along both sides of rivers from becoming slum areas. Rusunawa in both Regencies of Sleman and Bantul is located near the city, so it is easy for the settlers to get to their workplace. The construction of rusunawa has also paid attention to the disabled by providing exceptional facilities. The same case is providing a playground for children and facilities for early education for young kids. However, there have not been special facilities for the elderly and pregnant women.

Factors Influencing the Adoption of ISO/IEC 29110 in Thai Government Projects

2017 ◽  
Vol 10 (1) ◽  
pp. 22-44 ◽  
Author(s):  
Veeraporn Siddoo ◽  
Noppachai Wongsai
Keyword(s):  
Success Factors ◽  
Development Process ◽  
Qualitative Content Analysis ◽  
Software Process ◽  
Organizational Policy ◽  
Software Development Process ◽  
Government Organizations ◽  
Factors Influencing ◽  
Thai Government ◽  
Depth Interviews

This paper presents the views of four Thai government organizations who had been awarded ISO/IEC 29110 Basic Profile Certification. Team ideas as to the success factors and barriers involved in implementations are explored. In-depth interviews with closed- and open-ended questions were conducted. The data collected was analyzed using qualitative content analysis. The results show two reasons for choosing standard, first, to enhance software development process, and second, because the financial support from the SIPA. The success factors were supportive organizational policy, staff participation, availability of time and resources for the improvement of the software process, consultations with the SIPA and team commitment and recognition. The barrier factors were time constraints, lack of experience, documentation load, unsynchronized means of communication and improper project selection. The findings were based on four diverse organizations. Other countries may take into account the variations e.g. working culture or organizational structure when seeking to apply these results.

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