The Determinants of Overall Wage Level in the Financial Industry of Taiwan

• Main Authors: Chin-chou li, 李金壽
• Other Authors: Yi-Hsiue Wang
• Format: Others
• Language: zh-TW
• Published: 2009
• Online Access: http://ndltd.ncl.edu.tw/handle/09392443230584747180

碩士 === 世新大學 === 經濟學研究所(含碩專班) === 97 === This article aims to explore the determinants of overall wage level in the financial industry of Taiwan. The research data are from yearly releases by the Directorate of General of Budget, Accounting and Statistics in Taiwan. The overall economic indicators from the statistics is from 1981 to 2008, and a Panel Data Model is used to investigate the determinants of wage level in both financial industry and overall secondary and tertiary industries. In the empirical model, using variables such as the number of employees employed, the ratio of the number of employees employed, the average working hours, labor mobility, GDP, the share of industry GDP ratio and the unemployment rate and other important indicators, we can find the major determinants and effects. Empirical evidences were as follows:(1) All indicators such as the number of employees employed, the ratio of the number of employees employed, labor mobility and the industry's share of GDP ratio in the financial industry employees have no significant impacts on the wage level in the financial industry. (2) Average working hours of employees on the financial sector have significant and negative impact.(3) GDP of the financial industry plays a significant and positive role.(4) The unemployment rate has strong negative effect on the wage level in the financial industry of Taiwan.