The Readiness of the Labor Market to Enter the Aging Society in Thailand

Abstract

Abstract This study, therefore, is a basics analysis related to population structure change. In cases of decreased fertility and longevity Policy on the management of the elderly society in the dimension of readiness for dealing with the labor market Economic and social aspects, consisting of labor policies, education policies. Study the guidelines from the use of foreign policies and the role of the elderly on economic growth. In case of extension of retirement age Expand employment Awareness Training Lifelong learning for the elderly. The transition to an aging society in many countries occurs faster than in the past. Dealing with aging society therefore is a major challenge in driving the economy and society especially in the labor market, coping with the supply side effects. The reduction of labor force due to population structure change Is an important factor affecting economic growth both (1) the rate of growth of the number of labor decreases with a lower birth rate and a higher age of labor, the proportion of labor force to the total population will decrease and the older the population, the less likely to be involved in the labor force and (2) Reduced to labor productivity. In the context of Thailand, the government should plan to divide the policy into 2 forms: short-term policy plan and long-term policy plans. Focusing on creating skilled labor by using educational policies Investment in human capital is important. Keywords: Aging Society, Labor Market, Aging Society in Thailand