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Long-term care (LTC) policy in Thailand on the homebound and bedridden elderly happiness
Savinee Suriyanrattakorn1, Chia-Lin Chang1,2
1Department of Applied Economics, National Chung Hsing University, Taiwan.
Abstract:
The number of homebound and bedridden elderly has been increasing in Thailand, as the aging population rapidly grows and rates of chronic diseases increase. However, decreasing family size may reflect a decline in the ability of families to provide care. Society, as a result, enhances the need for long-term care (LTC) policy to provide home care and social support for the homebound and bedridden elderly. This paper examines how care-receipt satisfaction in LTC impacts the homebound and bedridden elderly's overall happiness, using a two-year panel of 279 individuals from the Thai Health Promotion Foundation dataset. We use the pooled two-stage least square (Pooled-2SLS) model and random effect two-stage least square (RE-2SLS) model to control the endogeneity problem. The empirical results show that care-receipt satisfaction on LTC service can generate a positive impact on the overall happiness of the homebound and bedridden elderly.
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