Recent Publications
Taiwan Economic Research Monthly
Spring Festival should not be forced to take too many days off
During the 2023 Lunar New Year holiday, there were ten consecutive days off, which was considered by some to be too long. Similar concerns were raised in 2010 when there was a nine-day holiday, and when the government implemented the "one day off per week" policy in 2017, as well as before the implementation of the two-day weekend policy more than 20 years ago. While the total number of annual holidays remains the same, the allocation of holidays should essentially be an issue of efficiency and personal choice. However, over the years, the government has often overlooked the fact that mandatory holidays may limit individual freedom of choice and harm social efficiency.