英文摘要 |
We examine the associations of both quantity and quality of human capital with the growth and the distribution of wages among full-time prime–age workers in Taiwan. Our results show that the annual growth rates of real wages for all demographic groups in Taiwan were substantially high before 1994, but then became negative for unskilled workers with 12 years of schooling and below since 1994 and for skilled workers with 14 years of schooling and above after 2001. The drops in labor demand outweigh the drops in labor supply of unskilled labor since 1994 are attributable to the negative growth in their wage rates. By contrast, after 2001, the rises in the labor supply of skilled workers outweigh the rises in their labor demand, which explains the decline in their wage rates. The growths of human capital both in education and working experience significantly explained the large amount ofwage growth over the period of 1978–2008. The contributions of human capital to wage growth mainly come from the formal education for skilled workers, and from learning-by-doing for unskilled workers. |