英文摘要 |
Taiwan is experiencing a decline in the number of doctoral students in higher education. How to provide incentives for students to pursue a doctoral degree is a widely discussed issue. This paper constructs an occupational choice model with heterogeneous individuals in an overlapping generations model rationally choosing to study abroad, enter domestic doctoral programs, or work in industry. The framework captures the features of the two-stage Ph.D. labor market and the spillover effect of knowledge production on the industry sector. We also highlight the productivity differential between overseas-trained professors and their domestic counterparts. The model is used to quantify the effects of various subsidies on higher education. Our quantitative analysis suggests that providing a subsidy to domestic doctoral students is more effective in boosting the number of doctoral students than subsidizing professors’research. Nevertheless, in fields with a relatively large productivity differential, this policy does not necessarily improve average welfare because of fewer overseas-trained professors and lower knowledge accumulation. |