本研究探討流動性限制對家戶勞動供給的影響，利用華人家庭動態調查資料庫資料，以追蹤模型之固定效果、Heckman two stage模型以及PA-GEE模型共三種方法進行研究分析。雖然本研究在實證估計上受到資料限制影響，無法取得個人詳細財務狀況，但本研究定義樣本在已取得大額抵押貸款時為受到流動性限制的實證結果發現，流動性限制與勞動供給存在關係。其中固定效果模型結果顯示流動性限制對每週工時顯著正相關；不過考慮樣本選擇問題下的Heckman Two Stage模型則顯示流動性限制對每週工時不顯著影響；在PA-GEE的估計方法下發現流動性限制對配偶就業決策影響顯著正相關，尤其對已婚女性參與勞動市場存在較大的影響。

In this thesis, we examine the impact of liquidity constraints on household labor supply with FE model, Heckman two-stage model and PA-GEE model. We define the household restricted on liquidity constraints when obtaining large mortgages because the empirical estimation is affected by limitations that is not possible to obtain detailed personal financial status. Using the data of Panel Study of Family Dynamics (PSFD) from Survey Research Data Archive (SRDA).
The empirical results show that there is a relationship between liquidity constraints and labor supply. First, the FE model shows that the liquidity constraint makes labor supply increase 3.18% per week. However, we found that there was a sample selection problem under this model. Secondly, the Heckman Two Stage model considering the sample selection problem shows that are not significant. Finally, under the estimation method of PA-GEE, liquidity constraint has a significant impact on spouses' employment decisions, particularly married women.

目錄
第1章 緒論	1
1.1	研究動機	1
1.2	研究目的	5
1.3	研究方法	6
1.4	文章架構	9
1.5	研究範圍和限制	9
第2章 文獻回顧	11
2.1	借貸限制對職業選擇和勞動供給的影響	11
2.2	家庭債務和勞動供給的相關性	12
2.3	流動性限制提高勞動供給	13
2.4	女性就業市場的改變	13
2.5	其他借貸限制對勞動供給影響相關文獻	14
第3章 資料與實證方法	16
3.1	資料來源及特性	16
3.2	理論模型	20
3.3	實證方法	22
第4章 實證結果	25
4.1	固定效果模型	25
4.2	Heckman Two Stage 模型	33
4.3	流動性限制和配偶的勞動決策	35
第5章 結論	37
參考文獻	39

圖目錄
圖 3 1 我國財富分布圖	19
圖 3 2 我國薪資分布圖	19

表目錄
表 3 1: 變數名稱及說明	17
表 3 2: 敘述統計表	18
表 4 1 : Hausman test 結果	26
表 4 2 : 固定效果模型估計結果	27
表 4 3 : 青壯年流動性限制影響比較	28
表 4 4 : 流動性限制-移除非勞動力樣本	29
表 4 5:  流動性限制對有工作者之影響	30
表 4 6: 不同性別與身份流動性限制係數和標準誤影響比較	30
表 4 7 : Labor Supply on Loans固定效果模型結果	32
表 4 8 : 每月還款金額影響比較-年齡	32
表 4 9 : 每月還款金額影響比較-性別身份	33
表 4 10 : Heckman Two Stage模型估計結果	34
表 4 11 配偶進入勞動市場估計結果	36
表 4 12 已婚女性進入勞動市場估計結果	36
表 4 13 進入勞動市場機率-青壯年比較	36

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