The Effect of College Education on Wage and Multi-dimensional Personal Ability Development: The Case of Recent Economics and Business Graduates
Date Issued
2009
Date
2009
Author(s)
Lu, Chih-Ming
Abstract
The main purpose of this thesis is to analyze the effect of school education on college graduate’ wage and multi-dimensional personal ability development for recent economics and business graduates. The wage function and wage frontier approaches were used to serve such purpose. The ordinary least squares method was also used to identify factors which affect graduate’ multi-dimensional personal ability development(MPAD).esult of wage functions indicate: (1) Factors influenced both starting wage and current wage include: father education degree, university graduation grade, entering score of the department, and license obtained. Those graduates who served as association''s cadre, learned match with works, and type the Chinese faster could also get more first job wage. (2) In addition, the residence location, master degree, learning computer knowledge in the university, work experiences after graduation, and company type could influence current wage. Results of MPAD indicate: (1) Difference in schooling courses shows positive significantly influence on the cultivation of knowledge, sentiment, and skill abilities. (2) The better the teaching quality and equipments provided by schools, the more benefit on multi-dimensional personal ability development obtained by graduates. Results of wage frontier functions show: (1) Father education, a job hunting skill course, and learn match to work would affect the efficiency of the starting wage. Residence location, father education degree, and company type would affect the efficiency of current wage. (2) Male potential wage is higher than female either in starting wage or in current wage. (3) Wage difference between observed wages and potential wages would decrease overtime. (4) The influence of incomplete information on male is large than that on female.
Subjects
university education
wage function
stochastic frontier
incomplete information
Type
thesis
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