Nutcha Salad. The impact of the 300-baht minimum wage policy on agricultural workers in Thailand. Master's Degree(Economics). Thammasat University. Thammasat University Library. : Thammasat University, 2019.
The impact of the 300-baht minimum wage policy on agricultural workers in Thailand
Abstract:
Thailand used the 300-baht minimum wage policy outside the critical sector, like agriculture, for solving wage and employment problems from 2013 to 2016. By the way, Thailand has the rice-pledging scheme for subsidizing the farmer due to the rice price instability from 2011 to 2014. Hence, both systems would affect agricultural workers at the same time. It is the cause of this study to investigate the impact of the 300-baht minimum wage policy on the wage and employment structure of the agricultural workers in Thailand excluded the rice-pledging scheme effects. The study used the dataset from 2007 to 2016 of Thai Labor Force Surveys (LFS) compiled by the National Office of Thailand (NSO) and set the monthly income and employment in agriculture as dependent variables and used the index of age, gender, occupation, household member, and education to be the individual-level control variables. The work used the Synthetic control method (SCM) to evaluate the effects of the policy intervention by constructing a synthetic match for the treated group by using the control group to see what will happen if the treated group does not receive any policy. The SCM estimated the effect of the minimum wage policy and eliminated the rice-pledging scheme effects. Then, using the Singh-Maddala distribution for observing the distribution changing after minimum wage policy intervention. Finally, using the Copula function to find the association between before and after policy intervention. The result of the impact of the 300-baht minimum wage policy accorded the study hypothesized was that the administration did not transform the overall agricultural structure but affected some provinces in the country. The system increased agrarian wages in the areas that used intensive farming workers and employees. Besides, the policy reduced agricultural employment in the provinces that had a high agricultural payment and agricultural GPP
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