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EXPLORATION OF TAIWAN'S UNEMPLOYMENT FACTORS IN DIFFERENT AGES BY GREY RELATIONAL ANALYSIS

Chun-I Chen*
Department of Industrial Management
I-Shou University, Taiwan
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*Corresponding Author

Chia-Chin Hsu
Department of Industrial Management
I-Shou University, Taiwan

Yi-Ting Chang
Department of Industrial Management
I-Shou University, Taiwan

 

Abstract

This research classified the unemployment rate according to age and 11 influential factors during the period of 2001 to 2014, which were used to determine the factors affecting the overall unemployment rate and unemployment rate of different ages, as well as their relational degrees, through grey relational analysis. The research results show that the average unemployment weeks, average salary structure, exchange rate, Consumer Price Index (CPI), and approved number of imported foreign workers have significant effect on the overall unemployment rate, as well as the unemployment rates of 15-24 years old, 25-44 years old, and 45-64 years old, among which the average unemployment weeks and average salary structure have the greatest impact; while gross export value, Economical-growth- rate (EGR), composite index of coincident index, Gross Domestic Product (GDP), and National Income (NI) have significant effect on the unemployment rate of those more than 65 years old. According to further research of the association between influential factors, GDP is the leading influential factor, and it also affects other 10 factors; in quantitative ranking, NI is affected most significantly, followed by EGR. If EGR is excluded, GDP is the most important, followed by CPI.

Keywords: Unemployment rate, Age group, Grey relational analysis, Grey theory, Labor

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