Primary Factors Influencing the Well-Being of Retirees in Krabi Province
Keywords:
Perceived Value and Benefits, Living Environment, Physical Activity and Social Interaction, Elderly Well-being, RetireesAbstract
This research aimed to investigate the primary factors influencing the well-being of retirees in Krabi Province, employing a structural equation model. The sample consisted of 300 retired individuals in Krabi, obtained through multi-stage sampling. The research instrument was a 5-point Likert-scale questionnaire. Data were analyzed using descriptive statistics and Structural Equation Modeling (SEM). The findings revealed that all latent variables were rated at a high level. The developed causal structural model demonstrated an excellent fit with the empirical data, with all key fit indices meeting the standard thresholds: Relative Chi-Square (c2/df) = 2.724, RMSEA = 0.076, CFI = 0.958, GFI = 0.920, and NFI = 0.935. The path analysis indicated that Perceived Value and Benefits (PVB), Attitude Formation (ATF), and Living Environment (LIE) had significant direct effects on Physical Activities and Social interaction (PAS). Furthermore, all four constructs significantly directly influenced Well-Being (WBE), with Attitude Formation (ATF) exhibiting the highest total effect (β = 0.325). PAS also served as a significant partial mediator. The model accounted for 39% of the variance in well-being. This study led to the development of a “Well-Being Enhancement Model,” which provides a valuable framework for policy planning and service design to improve the quality of life for retirees sustainably. However, this research has limitations regarding the study area, as data were collected only in Krabi Province, which may have social and cultural contexts different from those of other areas. Therefore, the results should be applied with caution.
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