英文摘要 |
This paper is to examine the impact of minimum wage policy on Taiwan's labor market. The particular minimum wage policy being considered is the period from 1988 to 1993, when the minimum wage was adjusted annually. We evaluate the effects of increase in the minimum wage on all of age-sex population groups' employment, unemployment, and labor force participation, and we also explore how changes in the minimum wage affect various industrial wages. Contrary to conventional predictions, however, the results show that minimum wage increase did not give rise to significant adverse effects on Taiwan's employment, unemployment, and labor force participation, and there is no evidence of rising in the minimum wage has exerted the upward pressure on other industrial wages. |