The purpose of this paper is twofold. First, this paper intends to present stylized facts of between industries job reallocation in Taiwan. Second, this paper answers the question; Are allocative shocks the major driving forces of employment fluctuations in Taiwan? The findings in Section II shows that Taiwanese economy undergo substantial employment restructuring which are persistent and in sharp contrast to job reallocation in U.S. manufacturing, acyclical. Furthermore, the rate of restructuring declined steadily and sharply over the past twenty years. In other words, the rate of employment restructuring in Taiwan was reducing, rather than intensified in the past two decades. Econometric results in Section III of this paper finds that recessionary aggregate shocks are the major driving forces of employment fluctuation in Taiwan while allocative shocks play an important role in the movements in job reallocation in Taiwan.
淡江大學 創校五十週年商學院國際學術研討會論文集=Marching into the New Millennium: Economic Globalization=Proceedings，頁313-344