| Title: | Educational Choice Wage Determination and Rates of Return to Education in Taiwan |
| Authors: | 莊奕琦;趙振瑛
Chuang, Yih-chyi;Chao, Chen-Yeng |
| Date: | 2001-11 |
| Issue Date: | 2009-01-09 12:15:10 (UTC+8) |
| Abstract: | This paper estimates educational choice, wage determination, and the rate of return to education in Taiwan using Taiwan's Manpower Utilization Survey data of 1996. As education investment is a self-selection process, this paper adopts a two-stage estimation method. First, a polychotomous ordered probit model is used to estimate the education decision. Second, the wage equations of different educational attainments are estimated by incorporating the possible selection bias obtained in the probit model. Finally, rates of return on each education level are calculated from the estimation results. |
| Relation: | International Advances in Economic Research,7(4),479-504 |
| Data Type: | article |
| DOI 連結: | http://dx.doi.org/10.1007/BF02295776 |
| Appears in Collections: | [經濟學系] 期刊論文
|
