The impact of minimum wage on the labor market：Evidence from Taiwan

• Main Authors: Huang, Ching-Hsiang, 黃景祥
• Other Authors: Chang, Ching-Fu
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/4867s7

碩士 === 國立臺灣海洋大學 === 應用經濟研究所 === 104 === It goes without saying that employees play an important role in the development of economy. However, the “price” between the employee and the employer is a big issue to be discussed. Because there is no existent standard for measuring reasonable wage, the government proposes the “Minimum Wage System”. But, the “Minimum Wage System” will be benefit or harm to the development of economy? The article investigates the effect of “Minimum Wage System” in Taiwan towards three economic indicators: the employment rate, and the rate of change on work hours and wages. The result shows that, the employment rate, and the rate of change on work hours and wages of youth workers will be decreased with the higher minimum wage. Overall, the average decline of the employment rate is -3.4% with the increasing of the minimum wage, and that of youth workers is -4.2%.