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題名 Return to Human Capital and Wage Inequality: The Case of Taiwan 作者 莊奕琦
Chuang, Yih-chyi
Lai, Wei-wen貢獻者 經濟系 關鍵詞 Education; Experience; Returns to Human Capital; Wage Inequality 日期 2017-09 上傳時間 26-Jun-2018 17:26:52 (UTC+8) 摘要 To compare with the literature on Taiwan study of wage inequality by the turn of Twenty-First Century, using Taiwan¡¯s 1978-2003 Manpower Utilization Survey data, this paper estimates the trends of returns to education and experience and investigates the relationship between returns to human capital, ability, and wage inequality. Over the period, return to higher education has an increasing trend while the wage inequality reveals a declining tendency, a phenomenon also contradicted to existing literature, e.g., Castello-Climent and Domenech (2014). Using quantile regression, we further discover the relations between human capital accumulation and unobserved ability, i.e., education and ability are substitutes while experience and ability tend to complement each other. Education enables those less able people to improve upon their disadvantages and thus improve wage inequality. Moreover, wage inequality is lower in females than in males for every educational level and more experienced groups. Contrary to the existing literature, Taiwan¡¯s empirical study demonstrates that the increasing employment share of more educated workers and/or females will improve instead of worsen wage inequality. Policy implications are also discussed based on Taiwan¡¯s experience. 關聯 Journal of Economic Development, vol.42, no.3, pp.61-88 資料類型 article dc.contributor 經濟系 zh_TW dc.creator (作者) 莊奕琦 zh_TW dc.creator (作者) Chuang, Yih-chyi en_US dc.creator (作者) Lai, Wei-wen en_US dc.date (日期) 2017-09 dc.date.accessioned 26-Jun-2018 17:26:52 (UTC+8) - dc.date.available 26-Jun-2018 17:26:52 (UTC+8) - dc.date.issued (上傳時間) 26-Jun-2018 17:26:52 (UTC+8) - dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/118050 - dc.description.abstract (摘要) To compare with the literature on Taiwan study of wage inequality by the turn of Twenty-First Century, using Taiwan¡¯s 1978-2003 Manpower Utilization Survey data, this paper estimates the trends of returns to education and experience and investigates the relationship between returns to human capital, ability, and wage inequality. Over the period, return to higher education has an increasing trend while the wage inequality reveals a declining tendency, a phenomenon also contradicted to existing literature, e.g., Castello-Climent and Domenech (2014). Using quantile regression, we further discover the relations between human capital accumulation and unobserved ability, i.e., education and ability are substitutes while experience and ability tend to complement each other. Education enables those less able people to improve upon their disadvantages and thus improve wage inequality. Moreover, wage inequality is lower in females than in males for every educational level and more experienced groups. Contrary to the existing literature, Taiwan¡¯s empirical study demonstrates that the increasing employment share of more educated workers and/or females will improve instead of worsen wage inequality. Policy implications are also discussed based on Taiwan¡¯s experience. en_US dc.format.extent 1745348 bytes - dc.format.mimetype application/pdf - dc.relation (關聯) Journal of Economic Development, vol.42, no.3, pp.61-88 zh_TW dc.subject (關鍵詞) Education; Experience; Returns to Human Capital; Wage Inequality en_US dc.title (題名) Return to Human Capital and Wage Inequality: The Case of Taiwan zh_TW dc.type (資料類型) article
