英文摘要 |
To incorporate the property of heterogeneity in Taiwan higher education industry, this paper adopts the stochastic metafrontier approach to evaluate the operation efficiency of commercial college in university of Taiwan. Using college graduates’ starting wage and current wage survey data, we develop the wage frontier functions. We empirically estimate the proposed wage frontier functions to evaluate the operation efficiency of commercial colleges and to examine the appropriateness of the Signaling theory of Spence (1973) and the Human Capital theory of Mincer (1974) applied to the job market of Taiwanese college graduate. Research results have evidenced the existence of such two theories in college graduate job market of Taiwan. We find that employers often over evaluate the school value in offering starting wage to college graduates. We also find that the school’s operation technology is significantly affected by school type, quality and location. |