A New Financial Instrument for Thai Urban Poor: A Case Study in Bangkok Metropolitan Area
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Abstract
This study surveys the behavior of the urban poor in savings and in buying
lotteries. It aims to analyze the possibility of replacing lotteries with lottery- linked
saving instruments issued by banks in order to boost the long term savings of the
low-income group. Data used in this study are from preliminary survey of 4,000
observed poor in Bangkok. Results of the survey confi rm that lottery is the most
popular fi nancial investment among the Thai poor in Bangkok since their face of
limited investment alternatives. Their behaviors in terms of their buying lottery
indicate the promptness of the poor in responding to the program of mobilizing
their lottery-money to long term savings.
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