Thailand fiscal projections (Suphannada Lowhachai and Sang-Hyop Lee)
Over the past decade, Thailand has experienced rapid demographic change leading toward population aging. In order to formulate appropriate policies, it is important to investigate the potential economic and social impacts of this changing demographic structure. As part of the Aging and the Changing Nature of Intergenerational Flows in Developing Countries project, this paper analyzes the fiscal impact of changes in age structure of the Thai population. The latest National Transfer Account (NTA) data for Thailand will be used as the main data source for analysis. The paper will use the two recently developed models—one that incorporates economic feedbacks and another that does not. It will first look at the population-aging situation in Thailand. Then, the fiscal impacts from such demographic change will be analyzed in order to arrive at policy implications.