A STUDY ON MINIMUM WAGE AND YOUTH EMPLOYMENT

• Main Authors: Yi-Hsuan Li, 李怡萱
• Other Authors: Hsin-Jung Lin
• Format: Others
• Language: zh-TW
• Published: 2004
• Online Access: http://ndltd.ncl.edu.tw/handle/h8mjjq

碩士 === 銘傳大學 === 經濟學系碩士班 === 92 === In 1956, the government started implementing minimum wage policy for protecting the labors. Due to relating the rights of labors and capital, this policy has been controverted. As long as minimum wage was adjusted, different disagreements occurred. The major cause is the uncertainty of the adjusted wage that will affect the society and economics. In this thesis, I have investigated the effects of minimum wage for youth in labor market by economics. The labor market is divided into two sectors, the covered and the not-covered sector. However, the cover sector is focused in this study. To estimate the employed effect of the youth (15~19 ages and 24~24 ages, two groups), the panel data method was adopted. The period of data is from first season in 1982 to final season in 2003. First, the effect for youth in the covered sector is studied through adjusting the wage. It is found that the negative effect for 15~19 ages’ employments appears with the increase of minimum wage, whether males or females. With increasing the minimum wage, the positive effect for 20~24 ages’ employments rises. Besides, adult labor’s average wage results a significant negative effect on the employment of 15~19 age’s youth labor. The ratio, all youth throughout the country divided by industry-youth employment, results in a positive effect on whole youth employment. The booms in industry and youth enrolment do not influence on youth employment rate. No-fix-effect and fix-effect are compared in this thesis. There is underestimation in youth employment rate by no fix-effect. Moreover, the effect of each industry on minimum wage is considered. The result shows there is a serious influence, compared with manufacturing, on mining industry and taking soil and stone industry.