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Graduating in a bad economy: the long-term effect on wages
Liu, Hsiang Yin
Chen, Jenn Jou
Liu, Hsiang Yin
|Issue Date:||2012-10-30 10:24:00 (UTC+8)|
|Abstract:||Entering labor market during a bad economy can be intuitively connected to worse working experience at the beginning of one’s career, and moreover, this kind of effect would persist for many years. This paper is a Taiwanese empirical study of estimating the long-term effect of graduating in a bad economy on wages using data from Manpower Utilization Survey, provided by Directorate-General of Budget, Accounting and Statistics, Executive Yuan, R.O.C (Taiwan). The empirical method I use is ordinary least squares (OLS) regression. The estimation results in this paper are similar to previous researches, providing significant evidence of negative long-term effect on wages for one initially entering labor market during a bad economy. Besides, the effects vary across genders and education groups. However, due to inaccurate predicted time of initial entry to labor market and small sample size, the results may be biased and the comparison of varying effects across educations may not be so reliable.|
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|Appears in Collections:||[經濟學系] 學位論文|
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