The last two decades have seen a rapid increase in the average educational attainment of the population of Taiwan. This paper examines the effects of that educational expansion on Taiwan’s wage structure. I examine not only changes in the cross-sectional return to education, but the experiences of synthetic birth cohorts. I find that in younger cohorts, those with university degrees have seen a decline in their earnings premium. I then look to see whether this decline can be explained by the increase in supply of better-educated workers, rather than by a combination of supply and demand factors. I conclude that under certain reasonable assumptions, changes in the earnings structure in Taiwan may be attributed to changes in the relative size of education-level groups.
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Paper provided by Princeton University, Woodrow Wilson School of Public and International Affairs, Research Program in Development Studies. in its series Working Papers with number
222.