Comparative Analysis of Subjective Well-Being Measurement Instruments: Implications for Pre-Retirement Planning in Thailand

Abstract

 Thailand's rapid demographic shift toward an aging population poses significant challenges for retirement planning and the management of quality of life (QoL) among retirees. This study addresses a critical gap by systematically evaluating and adapting internationally established subjective well-being (SWB) measurement tools to the unique socio-cultural context of Thailand, with a focus on insured individuals under the social security system in Songkhla Province.

 Thailand's rapid demographic shift toward an aging population poses significant challenges for retirement planning and the management of quality of life (QoL) among retirees. This study addresses a critical gap by systematically evaluating and adapting internationally established subjective well-being (SWB) measurement tools to the unique socio-cultural context of Thailand, with a focus on insured individuals under the social security system in Songkhla Province.

The findings highlight the efficacy of a hybrid SWB framework that integrates elements from all three instruments, offering a culturally sensitive and multidimensional approach to assessing retirees' well-being. This hybrid model incorporates global best practices while accounting for local cultural values, such as the centrality of family support, community engagement, and spiritual well-being, which are essential in the Thai context.

This research makes a significant contribution by emphasizing the importance of cultural adaptation in SWB measurement, demonstrating the multidimensional nature of retirement well-being, and providing actionable insights for policymakers. The proposed framework offers a practical foundation for designing more effective retirement planning interventions that align with the lived experiences of retirees in Thailand. Moreover, it serves as a transferable model for other middle-income countries facing similar demographic transitions.