英文摘要 |
In this study, we document consequences of the Higher Education Expansive Policy (HEEP) implemented in 1994 in Taiwan and evaluate the wage impact of HEEP on university or higher and the overeducated workers as compared to their corresponding education counterparts. Employing Taiwan’s Manpower Utilization Survey data from 1999 to 2008, we test two hypotheses. The first one is to investigate whether the wage premium of workers with a degree of university or higher relative to that of non-university graduates decreased after the implementation of HEEP. The second hypotheses that we examine is whether there was a significant deterioration in wage differential between overeducated workers and their adequately educated counterparts after the HEEP was implemented. Using Heckman’s two-stage estimation model as the baseline model, combining the difference-in-differences strategy with the ORU model and Verdugo-Verdugo model setup, we find evidence that Taiwan’s Higher Education Expansion Policy has sharply and significantly deteriorated the wages of graduates of university or higher and overeducated workers in Taiwan’s labor market. |