โครงการวิเคราะห์ความเพียงพอของการออมเพื่อการดำรงชีพของผู้สูงอายุในชุมชน: ระยะที่ 2

This research project is the second phase of “Analysis of Sufficient Net Worth for Elderly Lives in Rural Communities” project with the main objective to confirm the results of the previous project on household saving behaviors and mechanisms for enhancing their saving. This project resurveys the households to expand a period of the existing panel database, conducts sensitivity analysis of optimal saving to several parameters, re-evaluates the effects of financial literacy and incentive as saving-enhancement mechanisms, examines correlation between households’ subjective well-being and saving, as well as carries out in-depth interviews and focus groups for better insight of the study results. This project finds that optimal saving is not sensitive to the investigated parameters within the relevant ranges, confirming the previous conclusion that many households in the rural communities save inadequately compared to their optimal levels estimated by the model. Both financial literacy and incentive provision tested in the previous project are confirmed to have no significant effects on improving households’ saving. Besides, we find positive correlation between saving and valuables, which is a measure of subjective well-being. Finally, the data from the interviews and focus groups suggest that saving of households in rural communities depend on various economic conditions as well as behavioral factors, which make it challenging to design an appropriate saving-enhancement mechanism for everyone.