Abstract.Day2.Warangkanand

Thailand's Third Demographic Dividend Potential

Adhipat Warangkanand, Wiraporn Pothisiri, and Orawan Prasitsiriphon

Thailand faces a rapidly ageing population, with around one-fifth of citizens aged 60 or older in 2020. This study, commissioned by UNFPA and undertaken by our local consultants, examines the “third demographic dividend” focusing on older adults' potential to remain healthy, active, and economically productive. Building on established approaches for analyzing demographic dividends, it incorporates new findings on older adults' health status, labor force participation, educational attainment, and National Transfer Account (NTA) data for age-specific labor income estimates. Results indicate a sizable untapped workforce capacity among Thai older people, suggesting that strategic investments in health, lifelong learning, and labor market policies can yield significant macroeconomic benefits. to realize Thailand's third demographic dividend, it is vital to remove barriers to older workers, promote healthy ageing, and adopt a life-cycle lens to strengthen the country's social and economic resilience.