Wage Structure Effects of Taiwan's Science and Technology Development Policy

Asian Economic Journal, Vol. 19, No. 2, pp. 159-180, 2005

Posted: 15 Jun 2005

See all articles by James P. Vere

James P. Vere

The University of Hong Kong - School of Economics and Finance

Abstract

This article extends the demand shift analysis of Katz and Murphy (1992) to examine the impact of Taiwan's science and technology development policy on the wage structure between 1979 and 1998. Changes in factor demand are required to account for changes in the wage structure throughout this time. Decomposing factor demand shifts by industry reveal that for men with a vocational college education, the policy can account for 30 percent of the increase in demand; for a university qualification, the amount is 20 percent. It is argued that the policy effect was mostly exogenous.

Keywords: Taiwan, wage structure, technology, labor demand

JEL Classification: J31, O38, O53

Suggested Citation

Vere, James P., Wage Structure Effects of Taiwan's Science and Technology Development Policy. Asian Economic Journal, Vol. 19, No. 2, pp. 159-180, 2005, Available at SSRN: https://ssrn.com/abstract=615981

James P. Vere (Contact Author)

The University of Hong Kong - School of Economics and Finance ( email )

Pokfulam Road
Pokfulam
Hong Kong

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