Career status, retirement readiness, and age differences: Empirical evidence from skilled immigrants in Thailand

Abstract

This research article attempts to analyze the relationship between career status and retirement readiness of skilled immigrants in Thailand’s educational sector. This article employed a sample of 319 skilled immigrants in the Northeast of Thailand and performed a statistical analysis utilizing the structural equation modeling (SEM) approach and using age as a moderator for the multi-group analysis (MGA). The empirical results revealed that career status was the primary constructs affecting a skilled immigrant’s capacity to retire readily. It was recommended that skilled immigrants enhance their career status by maintaining salary, improving skills necessary for job tasks, and promptly responding to the labor market demand. The results suggested that career status was a crucial factor allowing skilled immigrants to prepare for retirement effectively. Additionally, career status affects retirement readiness for both immigrants age above and below 30. However, this impact is significantly higher for the older ones.

Keywords

• career status
• retirement readiness
• skilled immigrant
• educational sector