Labor Market Tightness and Average Labor Productivity
碩士 === 國立臺北大學 === 經濟學系 === 99 === This paper studies the relationship between labor market tightness and average labor productivity. In our study, labor market tightness is characterized by the ratio of job openings to the applicants. Our sample includes 18 industries in Taiwan over the period of 20...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2011
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| Online Access: | http://ndltd.ncl.edu.tw/handle/21415063769029968297 |
| Summary: | 碩士 === 國立臺北大學 === 經濟學系 === 99 === This paper studies the relationship between labor market tightness and average labor productivity. In our study, labor market tightness is characterized by the ratio of job openings to the applicants. Our sample includes 18 industries in Taiwan over the period of 2003 to 2010. We employ GMM to estimate a dynamic fixed effect model to discuss the impact of labor market tightness on average labor productivity. The empirical result obtained from this study shows that the ratio is negatively related to the averagae labor productivity. When the ratio is lower, more workers are competing for one job. Firms with vacancies will pick up the most productive workers from the job seekers. As a result, average labor productivity will be enhanced.
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