| Summary: | 碩士 === 南華大學 === 管理經濟學系經濟學碩士班 === 98 === Taiwan government implemented a new labor pension scheme in July 2005. Under the new system, an employer is required to contribute an amount of money that is not less than 6% of the employee''s monthly wage to his/her individual pension fund account.
The advantages of the individual pension fund account are that the worker''s pension is no longer at risk while changing jobs or the company worked for closing down; therefore, the employer is likely to faces a higher staff turnover. In addition, the implementation of the new labor pension scheme will increase the labor costs of employers; as a result, to cut down personnel costs, firms may layoff workers, readjust the worker''s compensation structure, or clear the worker''s current job tenure and re-employed. In sum, the implementation of the new labor pension scheme is expected to have effects on job mobility.
In this study, we use data from 2003-2007 Employees'' Turnover Survey of Taiwan to investigate the impacts of new labor pension scheme on labor turnover. The results show that both the layoff rate and quit rate were increased in 2005, but the job turnover slowed down after that and to the level of the period under the old scheme. In addition, the employment opportunity of middle-aged workers has not been improved in the presence of the new pension scheme.
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