Dynamics of rate of returns for postgraduate education in Taiwan: the impact of higher education expansion

NCUIR > School of Management at National Central University > Department of Economics > journal & Dissertation > Item 987654321/51794

Please use this identifier to cite or link to this item: http://ir.lib.ncu.edu.tw/handle/987654321/51794

Title:	Dynamics of rate of returns for postgraduate education in Taiwan: the impact of higher education expansion
Authors:	Yang,CH;Lin,CHA;Lin,CR
Contributors:	經濟學系
Keywords:	WAGE STRUCTURE;LABOR;DEMAND
Date:	2011
Issue Date:	2012-03-27 19:06:22 (UTC+8)
Publisher:	國立中央大學
Abstract:	This paper analyzes the dynamics of rate of returns for postgraduate education and the determinants of wage premiums for postgraduate labor, especially for the impact of higher education expansions, in terms of quantity and quality, since the late 1990s in Taiwan. Utilizing quasi-panel data over the 1990-2004 period and employing the double fixed effect model, the empirical results first confirm the existence of wage premiums for workers with postgraduate degrees. However, the analysis on the dynamics of wage premiums finds that it ranged from only 1.40 to 11.67% and decreased sharply in 2004, indicating that the pecuniary reward for postgraduate qualification seems not to be as high as expected. Along with the rapid expansion of higher education, the concern about its negative impact on rate of returns to education is witnessed in this study. The sharp increase in the supply of postgraduate labors appears to have a negative impact on an individual's wage premium. Similarly, a decline in the postgraduate labor quality along with higher education expansion has contributed to a negative wage effect.
Relation:	ASIA PACIFIC EDUCATION REVIEW
Appears in Collections:	[Department of Economics] journal & Dissertation

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