Wage inequality and returns to skill in Taiwan, 1978-1996

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Title:	Wage inequality and returns to skill in Taiwan, 1978-1996
Authors:	Lin,Chun-hung A.;Orazem, Peter F.
Contributors:	淡江大學產業經濟學系
Date:	2003-06-01
Issue Date:	2011-10-15 11:33:12 (UTC+8)
Abstract:	Since 1980, income inequality has risen faster in Taiwan than in the United States. Inequality rose despite a rapid increase in the share of educated workers in the labour market that might have been expected to depress returns to education. Returns to a college education rose in Taiwan for all but the least experienced college graduates who were the most substitutable by the large new cohorts of college graduates. This pattern of changes in relative employment and relative wages is consistent with persistent shifts in relative demand toward skilled labour. The shifts are not sector-specific as might have been the case if shifts in trade flows were responsible for the shifts in relative wages. Growth of relative employment of more-educated workers occurred in all sectors of the economy, consistent with the hypothesis of skill-biased technical change. These results are similar to findings reported for OECD countries, suggesting that Taiwan has been exposed to the same types of skill-biased shifts in relative labour demand as in Europe and North America.
Relation:	Journal of Development Studies 39(5), pp.89-108
DOI:	10.1080/00220380412331333159
Appears in Collections:	[Graduate Institute & Department of Industrial Economics] Journal Article

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