Inequality of Opportunity in Wealth

Unpacking the Wealth Myth of Thailand

Bibliographic Data

ID18956624
AuthorsRathaporn Boonlert (National Institute of Development Administration, corresponding author), Niramol Ariyaarpakamol (National Institute of Development Administration)
Year2023
Volume31
Pages708-723
Publication date2023-05-06
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Population and Social Studies (JOURNAL)
Journal identifiersISSN: 2465-4418 • E-ISSN: 2465-4418
PublisherInstitute for Population and Social Research (PUBLISHER)
DOI10.25133/jpssv312023.039
OpenAlexW4372404607
LanguageEN
References cited13

Using three waves of Thailand Household Socio-Economic Surveys in 2006, 2011, and 2017, this paper analyzes the inequality of opportunity trend over time and its contribution to total wealth inequality in Thailand. The empirical results based on non-parametric and parametric techniques demonstrate the declining inequality of opportunity in the overall inequality from 2006 to 2017. The lower bound estimation of inequality of opportunity caused by external factors beyond an individual’s control (i.e., circumstances) accounted for 16–17% of overall inequality in 2006, compared with only 11–14% in 2017. Based on our analysis, higher education could be one of the crucial elements in narrowing the differences in individuals’ wealth

Demographic economics · Economic inequality · Economics · Estimation · Income inequality metrics · Inequality · Mythology · Social inequality · Unpacking · Income, Poverty, and Inequality · Intergenerational and Educational Inequality Studies · Mathematics · Social Policy and Reform Studies