The Impact of the National Pension Fund on the Suitability of Elderly Pensions in Thailand

Wade Pfau and Vararat Atisophon
Additional contact information
Vararat Atisophon: National Graduate Institute for Policy Studies

No 08-09, GRIPS Discussion Papers from National Graduate Institute for Policy Studies

Abstract: This study combines a traditional hypothetical worker approach with the techniques of stochastic forecasting in order to provide a better sense about the suitability of the pension system for formal sector private workers in Thailand. With regard to the proposed defined-contribution pension, we find that workers with a 40 year career can only expect a median replacement rate of about 13 to 14 percent of their final five years of income. Most of the pension benefits will still likely come from the unsustainable defined-benefit pension system and further reforms will be needed to maintain suitable pensions.

Keywords: defined-contribution pension; pension suitability; stochastic forecast; Thailand (search for similar items in EconPapers)
JEL-codes: H55 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2008-08
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.grips.ac.jp/r-center/wp-content/uploads/08-09.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
Journal Article: Impact of the National Pension Fund on the Suitability of Elderly Pensions in Thailand (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ngi:dpaper:08-09

Access Statistics for this paper

More papers in GRIPS Discussion Papers from National Graduate Institute for Policy Studies Contact information at EDIRC.
Bibliographic data for series maintained by ( this e-mail address is bad, please contact ).