| URN |
etd-0526117-235300 |
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| Author |
Yi-Chih Wang |
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| Author's Email Address |
No Public. |
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| Statistics |
This thesis had been viewed 5582 times. Download 509 times. |
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| Department |
Economics |
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| Year |
2016 |
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| Semester |
2 |
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| Degree |
Master |
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| Type of Document |
|
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| Language |
zh-TW.Big5 Chinese |
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| Title |
The Macroeconomic Effects of Government Subsidy to Entry-Level Jobs |
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| Date of Defense |
2017-06-09 |
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| Page Count |
44 |
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| Keyword |
fiscal adjustment
wage subsidy
low wage
entry-level worker
dynamic stochastic general equilibrium model
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| Abstract |
In recent years, entry-level workers have faced with low-wage problem in Taiwan. Wage subsidy is one of the government's policies to address the problem. By applying a dynamic stochastic general equilibrium model, this paper analyzes the policy of government subsidy to entry-level jobs, shows that the output and entry-level workers' income increase in the short run. As the wage subsidy effect declines over time, the effects of fiscal adjustments dominate in later years. The model has the tax rate of nonentry-level workers as a fiscal adjustment instrument. Because of the higher tax rate, nonentry-level workers decrease their labor supply and investment, which lowers output to below the steady state level. |
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| Advisory Committee |
Juin-Jen Chang - chair
Chih-Yu Yang - co-chair
Shu-Chun Yang - advisor
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| Files |
indicate access worldwide |
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| Date of Submission |
2017-06-27 |
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