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題名 The Effect of Minimum Wage on Youth Employment and Unemployment in Taiwan
作者 莊奕琦
Chuang, Yih-Chyi
關鍵詞 Minimum wage;Employment rate;Labor participation rate;Unemployment rate
日期 2006-12
上傳時間 9-Jan-2009 12:14:24 (UTC+8)
摘要 Using Taiwan’s quarterly time series data from 1973 to 2004, this paper investigates the
     effect of minimum wage on youth employment and unemployment. The effect of minimum
     wage is examined under data from 30 industries and after controlling for demand-side and
     supply-side factors in the analysis, the estimation results show that a 10% jump in the
     minimum wage would increase the youth employment rate and the youth labor participation
     rate by 0.47 %, although no significant effect was found for the youth unemployment rate. Our
     results are consistent with (though the magnitude is small) the findings of the New Economics
     of the Minimum Wage. However, we find that the positive employment effect of minimum
     wage is not driven by the decrease in youth unemployment, but rather mainly from the
     increase in the participation rate by youths. Therefore, the policy implication derived from
     Taiwan’s empirical study suggests that in the short run the minimum wage has no adverse
     effect on youth employment, however, the long-run effect of the minimum wage on youths may be large and harmful as the increasing early dropout of them from school into the labor market interrupts the accumulation of human capital and thus deters the long-run economic growth of the economy.
關聯 Hitotsubashi Journal of Economics,47(2),155-168
資料類型 article
dc.creator (作者) 莊奕琦zh_TW
dc.creator (作者) Chuang, Yih-Chyi-
dc.date (日期) 2006-12en_US
dc.date.accessioned 9-Jan-2009 12:14:24 (UTC+8)-
dc.date.available 9-Jan-2009 12:14:24 (UTC+8)-
dc.date.issued (上傳時間) 9-Jan-2009 12:14:24 (UTC+8)-
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/23245-
dc.description.abstract (摘要) Using Taiwan’s quarterly time series data from 1973 to 2004, this paper investigates the
     effect of minimum wage on youth employment and unemployment. The effect of minimum
     wage is examined under data from 30 industries and after controlling for demand-side and
     supply-side factors in the analysis, the estimation results show that a 10% jump in the
     minimum wage would increase the youth employment rate and the youth labor participation
     rate by 0.47 %, although no significant effect was found for the youth unemployment rate. Our
     results are consistent with (though the magnitude is small) the findings of the New Economics
     of the Minimum Wage. However, we find that the positive employment effect of minimum
     wage is not driven by the decrease in youth unemployment, but rather mainly from the
     increase in the participation rate by youths. Therefore, the policy implication derived from
     Taiwan’s empirical study suggests that in the short run the minimum wage has no adverse
     effect on youth employment, however, the long-run effect of the minimum wage on youths may be large and harmful as the increasing early dropout of them from school into the labor market interrupts the accumulation of human capital and thus deters the long-run economic growth of the economy.
-
dc.format application/en_US
dc.language enen_US
dc.language en-USen_US
dc.language.iso en_US-
dc.relation (關聯) Hitotsubashi Journal of Economics,47(2),155-168en_US
dc.subject (關鍵詞) Minimum wage;Employment rate;Labor participation rate;Unemployment rate-
dc.title (題名) The Effect of Minimum Wage on Youth Employment and Unemployment in Taiwanen_US
dc.type (資料類型) articleen