Human Capital Investment in Science and Technology Education and Development on Quality of Life in Thailand (74135)
Session Chair: Narissara Charoenphandhu
Thursday, 23 November 2023 15:10
Session: Session 4
Room: Room 604
Presentation Type: Oral Presentation
Investment in education is a vital factor for development both individuals and the whole country. In Thailand, people have attempted to increase their human capital in terms of academic knowledge by studying in university as well as entering for higher education with expectation for higher wage and salary, and better quality of life. Thai government have implemented policies to improve equitable quality education and opportunity to access. Moreover, there are The National Education Plan 2017-2036 as ultimate goals to be achieved. In the Digital Economy era, science and technology majors have been important aspects to drive the country. Many students decided to study science and technology. This research uses primary data from questionnaire survey and secondary data from the National Statistical Office of Thailand to investigate the rate of return on studying in science and technology majors. The results showed that, in 2022, new graduates from science and technology fields earned high wage and salary comparing to poverty line and the minimum wage of Thailand. Most of them have a quality of life. However, high return comes with high duty as well. As analyzed, this study suggests that the Government should focus on education improvement for people and also quality of working life in the whole country to enhance quality of life and well-being.
Authors:
Narissara Charoenphandhu, Rangsit University, Thailand
Thoedsak Chomtohsuwan, Rangsit University, Thailand
Shanisara Chamwong, Rangsit University, Thailand
About the Presenter(s)
Dr Narissara Charoenphandhu is a University Assistant Professor/Lecturer at Rangsit University in Thailand
See this presentation on the full schedule – Thursday Schedule
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