英文摘要 |
"Over the last two decades, an increasingly rising trend is observed among Taiwanese college graduates pursuing a master’s degree. We interpret this trend by using a simple static model, which takes the view that college graduates are pursuing better salaries and indicates that the key lies in surging number of college graduates in this period that creates fiercer competition in the college-level labor market and hence depressing college-level salaries. To earn a better salary, more college graduates therefore choose to enter master’s programs after graduation, thus creating the growth in those pursuing this higher-level degree. In addition, we take into account human capital investment and consider the dynamics of the model so as to enrich its explanatory ability. " |