Savings Behavior before retirement of University's employee : in case of three southern border provinces in Thailand

Abstract

This study aims to investigate the personal factors, related to saving behavior before retirement of university’s employee particularly in three southern border provinces. The study was considered a survey research that utilized a questionnaire as a research tool. The research population was university’s academic employee in in three southern border provinces. Consequently, the universities in particular area were Yala Rajabhat University, Prince of Songkhla University (Pattani campus) and Prince of Naradhiwas University. The research applied stratified random sampling approach which consisted of 314 samples and analyzed the frequency, percentage and chi square test by using sophisticated program. The analysis revealed that the 80.25 % of university employee had saving and majority was female, age 31-40 years and married status. Most of the employee who have the savings was also a benefactor of 1-2 persons in the household. Regarding to work experience, the employee had been working with university for 3-6 years. The average salary was in between 15,000-25,000 baht, conversely the expenses was 10,000-25,000 baht per month. The savings rate was 10-20% which was emergency purpose occasionally in term of bank savings in commercial banks. According to relationship between personal factors and savings behavior of university employee, the study stated that gender, average income and average expenses consisted of significant associated with savings behavior of university’s employee at 95% significant level.