A study of elderly welfare by comparing private and public retirement homes: A case study in Bangkok
Journal Title: Business and Economic Horizons - Year 2018, Vol 14, Issue 2
Abstract
This study assessed the subjective well-being (SWB), or welfare, of the elderly in retirement homes in Bangkok, and examined related factors, particularly from the perspective of happiness economics, since the empirical evidence in this aspect is still limited. Primary data was collected by distributing questionnaires and carrying out in-depth interviews between August 2017 and November 2017. In total, 120 participants were included, of which 60 persons were from public retirement homes (44 women and 16 men) and 60 persons from private retirement homes (40 women and 20 men). The cross-sectional data were analyzed using standard descriptive statistics and estimations of logit regressions. The logit regression results reveal that the following were positively related with SWB/welfare in all regressions as hypothesized: a short distance between the retirement home and a temple/hospital, a retirement home located in the participant’s hometown, and interest in obtaining free college courses. Meanwhile, the coefficients on the need for a higher number of care staff were negative. Among the control variables, being female, being older, completing secondary school, and having plenty of money to spend were strongly and positively associated with SWB/welfare. It was noteworthy that receiving a total Barthel ADL index scores of more than 10 and having family and friends visit regularly (once or a few times a week) played an important role in increasing participants’ SWB/welfare in both public and private retirement homes.
Authors and Affiliations
Nattaya Prapaipanich
Do tax incentives matter for investment? A literature review
The effectiveness of tax incentives in attracting FDI remains one of the unsettled concepts in public finance. The importance of tax incentives in attraction of internationally mobile capital differs with the jurisdictio...
Higher co-moments and asset pricing on emerging stock markets by quantile regression approach
This paper investigates the role of the third and fourth moments which impact on weekly stock return for the all twenty-five emerging stock markets (featured by MSCI - Morgan Stanley Capital International) during the per...
Determinants of Chinese demand for tourism in Malaysia
Tourism sector in Malaysia has always been one of its focal service industries not only in the past, but in the future as well in which Malaysian government has been focusing on diverting its economic activities from a r...
The adoption of mobile payment services by consumers: an empirical analysis results
This study considers the problems of distribution and adoption of mobile payment services in Russia and the factors of their perception by distribution network companies and consumers. To analyze the adoption of mobile p...
Outsider vs insider: Does firm governance matter?
As CEO turnover occurs, the company may select an insider or outsider as a successor. This study attempts to ascertain whether firm performance, female directors, board religiosity and blockholder ownership influence the...