What Can Tobit-Piecewise Regression Tell Us about the Determinants of Household Educational Debt?

Titirut Thipbharos

Abstract


Educational debt as part of household debt remains a problem for Thailand. The significant factors of household characteristics with regard to educational debt are shown by constructing a Tobit-piecewise regression for three different clusters, namely poor, middle and affluent households in Thailand. It was found that household debt is likely to be significant for educational debt in all clusters, with much greater effect in poor households. Household income directly influences the educational debt in households with only moderate economic status. Nevertheless, the result of this study indicates that an effect of the administrative area on educational debt was not found.


Full Text: PDF DOI: 10.5539/ies.v7n4p1

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

International Education Studies ISSN 1913-9020 (Print), ISSN 1913-9039 (Online)

Copyright © Canadian Center of Science and Education

To make sure that you can receive messages from us, please add the 'ccsenet.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.