This ERIA report is based on an AHWIN-supported study on preparation for an aging society in Thailand, conducted by the the Centre of Excellence for Ageing Business and Care Development (ABCD) of Thammasat University.
Thailand is one of the fastest-aging countries in the world. The proportion of the population aged 60 and over is projected to increase from 13% in 2010 to 33% in 2040. The Ageing Business and Care Development Centre (ABCD Centre) of Thammasat University, established in 2019 to recommend policies and guidelines on population aging, spearheaded this project. The report consists of five studies focusing on social and business approaches to population ageing: 1) Long-term Care Model in Thailand: Review of Population Ageing Practices and Policies; 2) Informal Workers’ Preparedness for Active Ageing: A Case Study of Motorcycle Taxi Drivers in Bangkok; 3) Risk Preference of Ageing Consumers: Evidence from Financial Decisions; 4) Business Start-up Survey for the Healthcare Industry; and 5) Market for Products and Services Targeting Older People in Thailand. Several methods were employed in this study, from literature reviews to field surveys, such as a questionnaire survey, focus group discussions, key informant interviews, etc., to achieve a comprehensive understanding of what is being done in Thailand to cope with rapid population aging.