Pakapon Saiyut. The Impact of age struture on agricultural production in Thailand. Doctoral Degree(Agricultural and Resource Economics). Kasetsart University. Office of the University Library. : Kasetsart University, 2018.
The Impact of age struture on agricultural production in Thailand
Abstract:
Thailand is a country with a rapidly aging population. The changing age structure of the national labor force from a working-age labor force (aged 15-59) to an old-age labor force (aged 60 and older) has a potentially negative impact on agricultural production and its efficiency. The objectives of this research are to estimate the elasticity of input substitution and to estimate the age structure effect of agricultural labor force on technical efficiency. The research indicated that the substitutability between working-age and old-age labor forces might not be easy. It is easier for capital to be substituted for the working-age labor force rather than old-age labor force. Moreover, the old-age labors who could adopt and work with physical capital could be easily substituted with the working-age labor. The estimated results of the technical inefficiency model identified that the old-age labor increased the technical inefficiency whereas the working-age labor reduced the technical inefficiency. In addition, if the old-age labor force is equipped with physical capital, the technical inefficiency declined. As a result, both the public sector and the private sector should encourage young people to participate in agricultural labor force and become smart farmers by providing financial incentives and provide farm and marketing knowledge due to the fact that the degree of substitutability of working-age and old-age labor is relatively low, as well as to increase efficiency in agricultural production. The government should encourage the use of agricultural machinery to compensate for the continuously declining number of working-age laborers and to increase production efficiency.
Kasetsart University. Office of the University Library