Dynamics of rate of returns for postgraduate education in Taiwan: the impact of higher education expansion |
| |
| Authors: | Chih-Hai Yang Chun-Hung A Lin and Chien-Ru Lin |
| |
| Institution: | (1) Department of Economics, National Central University, Taoyuan, Taiwan;(2) Department of Industrial Economics, Tamkang University, 151 Ying-Chuan Road, Tamsui, Taipei County, 25137, Taiwan;; |
| |
| Abstract: | This paper analyzes the dynamics of rate of returns for postgraduate education and the determinants of wage premiums for postgraduate
labor, especially for the impact of higher education expansions, in terms of quantity and quality, since the late 1990s in
Taiwan. Utilizing quasi-panel data over the 1990–2004 period and employing the double fixed effect model, the empirical results
first confirm the existence of wage premiums for workers with postgraduate degrees. However, the analysis on the dynamics
of wage premiums finds that it ranged from only 1.40 to 11.67% and decreased sharply in 2004, indicating that the pecuniary
reward for postgraduate qualification seems not to be as high as expected. Along with the rapid expansion of higher education,
the concern about its negative impact on rate of returns to education is witnessed in this study. The sharp increase in the
supply of postgraduate labors appears to have a negative impact on an individual’s wage premium. Similarly, a decline in the
postgraduate labor quality along with higher education expansion has contributed to a negative wage effect. |
| |
| Keywords: | |
| 本文献已被 SpringerLink 等数据库收录！ |
|
