This paper reviews Thailand’s social protection (SP) and labor market systems, to assess how they can be strengthened to address the key trends that will shape its society and economy in the coming decades. Thailand’s aging population, persistent high levels of workforce informality and the changing nature of work are already putting pressure on the current system, leaving most workers without protection from shocks or the ability to smooth consumption over their life cycle. For most of the growing elderly population, the small Old Age Allowance is the only form of income support. Although Thailand has made remarkable progress on poverty reduction in the past two decades, the poverty rate ticked up in 2016 and again in 2018, due to a slowing economy, droughts and wage stagnation, and the economic impacts of COVID-19 will further erode hard-won poverty gains. Adapting to changing skill needs and increasing automation requires lifelong education and training to meet rapidly evolving labor demands.
Details
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Author
Lamanna,Francesca, Sharpe,Joanne, Jain,Himanshi, Marskell,Jonathan Daniel, Moroz,Harry Edmund, Palacios,Robert J.
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Document Date
2021/06/14
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Document Type
Report
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Report Number
159970
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Volume No
2
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Total Volume(s)
2
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Country
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Region
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Disclosure Date
2021/06/14
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Disclosure Status
Disclosed
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Doc Name
Executive Summary
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Keywords
social assistance; active labor market program; labor market information system; informal worker; social assistance program; active labor market policy; Active Labor Market Policies; informal sector worker; market system; Social Protection; social safety net program; changing nature of work; people with disability; social assistance scheme; social security coverage; unemployment insurance; social insurance; retirement benefit; private sector worker; social assistance expenditures; social security scheme; unemployment insurance benefit; million people; transmission control measures; capita poverty line; job search assistance; human development indicator; lower income group; social security contribution; education and health; public employment service; delays in disbursement; value of transfer; personal data protection; social insurance scheme; social protection system; unemployment insurance system; poverty targeted program; cost of access; follow up survey; application programming interface; short training course; cost of transfer; social pension; contribution rate; vulnerable group; data sharing; pension scheme; employment retention; retirement age; data management; data quality; Employment Services; government subsidy; financial inclusion; online registration; labor demand; unemployment benefit; Lifelong Education; aging population; emergency social; road map; wage stagnation
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Citation
Lamanna,Francesca Sharpe,Joanne Jain,Himanshi Marskell,Jonathan Daniel Moroz,Harry Edmund Palacios,Robert J.
Towards Social Protection 4.0 : An Assessment of Thailand’s Social Protection and Labor Market Systems (Vol. 2) : Executive Summary (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/854391623653315596/Executive-Summary