Mandate-based welfare policies and the effect on real wage – The case of Taiwan

Yung hsiang Ying, Wenli Lee, Koyin Chang

研究成果: 雜誌貢獻文章

摘要

This study estimates the relationship between statutory welfare programs and workers’ compensation. Employing monthly macroeconomic data from 1982 to 2016 and wage rates in several private industrial sectors in Taiwan, the relationships between pay variations and policy interventions are explored after controlling for the economic growth rate, labor productivity, and time fixed effects. The seasonal autoregressive integrated moving average (SARIMA) and multivariate adaptive regression splines (MARS) were adopted in the panel analyses. The findings of this study suggest that social welfare policies have negative effects on employees’ wage rates. The magnitudes of the effects are directly linked to the burden borne by the employers. National Health Insurance has the greatest negative effects on workers’ pay in all selected industrial sectors. The statutory welfare benefits explain approximately 23% of the pay deviation from the trend predicted by the models. A non-payroll-based financing method could be considered in the future to alleviate this impact.

原文英語
頁(從 - 到)417-427
頁數11
期刊Economic Modelling
90
DOIs
出版狀態接受/付印 - 2019 一月 1

ASJC Scopus subject areas

  • Economics and Econometrics

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