Perceptions of Working versus Becoming a Societal Burden after Retirement

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The stage of aging society in Thailand has resulted in a decline of working population. Additionally, ineffective retirement planning may result in financial insecurity after retirement. This study aims to study the relationship between demographic characteristics of Thai industrial workers and their decision to work and tendency to become family and social burdens after retirement. A sample of 846 industrial workers from every region in Thailand—the Central, North, East, West, South, and North-East—was employed based on the quota sampling approach and intercept survey. Pearson chi-square tests and ordered logit regression modellings were used to analyze the relationships. The research results demonstrate that industrial laborers with marriage history intend to continue working after the age of sixty, which is the regular retirement age in Thailand. Additionally, this study shows that the level of education has a quadratic relationship with the intention to work after retirement. With regard to expectation to become a societal burden after retirement, psychologically the higher the laborers’ income, the more tendencies they have to be scared of becoming a societal burden. The quadratic relationship is also presented between industrial laborers’ ages and their expectation to become societal burdens after retirement. Finally, this study recommends the following to both the Thai government and private sectors: 1) supporting a career after retirement for retired industrial workers; 2) enhancing the elderly’s revenue assurance by encouraging the young to save for their retirement; and 3) improving the quality of elderly care policy.