英文摘要
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This paper examines the effects of job flows and worker flows on wages of firm-level new entrants. In addition to the conventional variables, we include unemployment rate, firm-level job creation and job destruction, net employment growth, and worker reallocation as independent variables. We thereby learn how the firms' dynamic changes of labor demand affect entry wages, and investigate the wage flexibility in Taiwan's labor market. We utilize the data from the annual labor turnover surveys over the period of 1998-2001 and adopt interval regression models. The empirical results support the implications of human capital theory. Moreover, as unemployment rate rises, the entry wages decline. That a positive impact of the employment growth on wages mainly reflects that the contracting firms pay lower entry wages. Finally, compared with Demark, Taiwan's labor market is relatively flexible.
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