近年來，臺灣新鮮人處在低工資水準的環境，而工資補貼是政府考慮實施的政策之一。本文藉由動態隨機一般均衡 (DSGE)模型探討工資補貼政策的成效性及總體效果。結果發現，短期工資補貼政策雖然可使社會新鮮人所得上升，且整體社會產出增加。但由於補貼是由政府舉債支出，在政策結束後，因為負債的調整尚未結束，政府為穩定債務須持續進行財政調整。當政府將非社會新鮮人所得稅調高，非社會新鮮人會降低投資及勞動意願，而造成整體經濟的產出及消費水準衰退，使得該政策在中長期有負面的總體效果。

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.

中文摘要. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i
英文摘要. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ii
第1 章緒論. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
第2 章文獻回顧. . . . . . . . . . . . . . . . . . . . . . . . . . 3
第3 章基準模型. . . . . . . . . . . . . . . . . . . . . . . . . . 6
3.1 家計單位. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
3.1.1 非社會新鮮人. . . . . . . . . . . . . . . . . . . . . . . . . . . 6
3.1.2 社會新鮮人. . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
3.2 廠商. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
3.3 政府. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
3.4 總和條件與市場結清. . . . . . . . . . . . . . . . . . . . . . . . . . . 11
第4 章參數設定. . . . . . . . . . . . . . . . . . . . . . . . . . 13
4.1 參考各文獻中的參數設定. . . . . . . . . . . . . . . . . . . . . . . . . 13
4.2 藉由各項統計數據來設定或計算參數值. . . . . . . . . . . . . . . . . 13
4.3 自行設定參數使模型簡化. . . . . . . . . . . . . . . . . . . . . . . . . 14
第5 章結果分析. . . . . . . . . . . . . . . . . . . . . . . . . . 16
5.1 基準模型分析. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
5.2 福利分析. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
5.3 比較使用不同變數的財政調整效果. . . . . . . . . . . . . . . . . . . 18
5.4 比較新鮮人的效用加入勞動所得效果的差異. . . . . . . . . . . . . . 19
第6 章結論. . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
參考文獻. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
附錄. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31

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