This study, based on data collected in 2005 from Chai Nat province, examines the level of happiness of the Thai elderly population and its relationship to various external and internal factors. It was found that mean happiness was slightly above a feeling of "neutral." According to multiple regression analyses, external factors including economic hardship, living arrangements, functional ability, perceived social environment, and consumerism significantly influence the level of happiness. The strongest predictor of happiness is, however, the internal factor-that is, a feeling of relative poverty when compared to their neighbors. Controlling for demographic and all external factors, the respondents who do not feel poor show the highest level of happiness compared to those who feel as poor as or poorer than their neighbors. This is self-interpreted as a feeling of contentment with what one has, which has been influenced by Thai culture, which is pervaded by Buddhism.

In the past decade or two, an increasing number of migrants from countries neighbouring Thailand have moved to Thailand temporarily or permanently in search for jobs and life security, causing an increase in the labour supply in the Thai labour market. This paper attempts to find the economic contribution of these migrant workers to Thailand using various data sources and a collection of related findings. We find that capital gains from migrant workers show an increasing trend from around 0.03 per cent of the real national income (880 million baht) in 1995 to around 0.055 per cent of the real national income (2,039 million baht) in 2005. Using the adjusted labour share, the net contribution of migrant workers is on average 0.023 per cent of the real national income per year, or around 760 million baht per year.

Contrary to studies of other migrant-receiving countries, most of which are developed countries, this paper examines impacts of immigrant workers on innovative capacities in Thailand, which is not only a representative of a receiving country that is a developing country but also a country where the majority of its immigrant workers are unskilled. Analysis of firm-level survey data in Thailand finds that employing unskilled and cheap labor from neighboring countries, namely Myanmar, the Lao PDR, and Cambodia, is like adopting a kind of Blabor-saving technology^which actually impedes firms' R&D investment. Contrary to developed countries in which immigrants are found to boost innovation and promote sustainable growth, in Thailand, even though employing unskilled immigrant workers helps firms maintain their cost competitiveness in the short run, its negative impacts on R&D investment tend to hamper improvements in productivity and thus diminish global competitiveness in the long run. Employing skilled or educated migrants, on the other hand, complements technological progress and encourages firms to innovate more quickly. In addition, the paper finds that providing government incentives and promoting access to financing have become effective tools in facilitating Thai firms' investment in innovation.

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