Changing Rate of Return in Education under Rapid Economic Growth─Evidence from Taiwanese Household Survey

• Main Authors: Sheau-Hueay Luo, 羅曉惠
• Other Authors: Chien-Liang Chen
• Format: Others
• Language: zh-TW
• Published: 2002
• Online Access: http://ndltd.ncl.edu.tw/handle/77s3hr

碩士 === 國立暨南國際大學 === 經濟學系 === 90 === Research method of this study is proposed based on the model created by Lam (1993) and Schoeni (1994), and with the consideration for factors on family backgrounds, this study has accordingly utilized data from the Taiwan “Human Resource Utilization Survey”, of the years 1990 and 1995, respectively, from DGBAS of the Executive Yuan to proceed with the empirical analysis. This study attempts to observe the behavioral change of the human capital investment within the households in the Taiwan area through various analyses and comparisons on the multiple household structure patterns and different samplings, to further investigate the effects of the household backgrounds over the rate of return in education. And according to the empirical results from this study, it is observed, that if the studied object is a paid labor aged between 20-65, as well as a male household head living with his parents, the characteristics of the wife are sure to affect the male household head’s income rate. And this result is acquired from the observed data of 1990 and 1995, with the sub-samples of the private sectors and of the public sectors both support the idea. However, characteristics of the father or of the mother do not emerge as an influential power over the male household head’s income rate. And with the sub-samples of the public sectors, it is believed that the characteristics of the wife, the father, or the mother does not help explain the change in the male household head’s income rate, and the following phenomena will be helpful to explain the situation: positive assortative mating might exist between the wife and the male household head and that if the number of samples is too small, it might produce deficiencies in the sample’s discrepancies, and thus, might result in inconspicuous explanatory variables. Yet, if the studied object includes a family of a male household head aged at least 20-65, a son and a daughter-in-law, the result is different. For the 1995 data, it shows that none of the characteristics of the wife, the father, or the mother could explain the income rate. And for the 1990 data, except for the positive assortative mating that appears to be obvious, effects of the academic backgrounds of the father and the characteristics of the wife all appear to be influential, with the wife’s influential power being greater than the father’s, whereas the characteristics of the mother does not play any role in this situation. Thus, from the empirical results of this study, we reason that, under the rapid economic development, the labor market of Taiwan is performing a new mechanism, and that is, to select the personnel through his/her academic backgrounds. And only with the individual’s outstanding academic background or his/her achievement will it be the factor to influence the income rate, whereas the family background no longer plays any influential role as what it used to be.