We observe that the period between Cold War era and the event of 911, variation in foreign military threats leads to variation in defense resources and fluctuations in the labor market. Using an intertemporal optimization dynamic model, this paper explores the impacts of foreign military threats...

The labor force participation rates of older men in Taiwan have dropped substantially over the last decade. Previous studies show that the implementation of the National Health Insurance (NHI) program in 1995 accounts for a decline in female labor force participation. In this paper, we use the...