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In this paper we have examined the unemployment rate series in Turkey by using long memory models and in particular … employing fractionally integrated techniques. Our results suggest that unemployment in Turkey is highly persistent, with orders …. We found evidence in favor of mean reversion in the case of female unemployment and this happens for all the groups of …
Persistent link: https://www.econbiz.de/10011735904
inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro …. We find that total connectedness is larger for prices (58.28%) than for unemployment (41.81%). We also identify …
Persistent link: https://www.econbiz.de/10012491801
worker who experiences a one-percentage-point higher unemployment rate while the worker is 16-24 years old has a 0 ….14 percentage-point higher unemployment rate at ages 25-29 and 0.03 percentage points higher at ages 30-34. The persistence of this …
Persistent link: https://www.econbiz.de/10010350848
productivity and unemployment when public wages, to which they respond, are set through bargaining. Finally, manufacturing wages …
Persistent link: https://www.econbiz.de/10011480768
This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the period 1988-2008. Even if we fail to find a long-run relationship between aggregate output and total employment, there are long-run relationships for the aggregate output with...
Persistent link: https://www.econbiz.de/10010125833
global crisis as reflected by the largest increases in their unemployment rates among other developed economies. Spain and … sets of dynamic simulations which account for the swings of the unemployment rates before and after the 2007 crisis. Our … labour productivity, and demographics, succeed in explaining a great part of the changes in unemployment in both countries …
Persistent link: https://www.econbiz.de/10009307347
This article examines whether various macroeconomic policy shocks have different effects on overall unemployment rate … and the unemployment rate by different levels of education in Turkey. These effects are assessed for total, male and … female unemployment rates separately. To examine the relationship, a quarterly VAR model with a recursive order is employed …
Persistent link: https://www.econbiz.de/10002851973
unemployment rate climbed to unprecedented levels and the growth rate of productivity decreased considerably. More recent times … fall in labor union power to have a significant easing effect on the unemployment rate, but also to be a major driver in …
Persistent link: https://www.econbiz.de/10009127008
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and...
Persistent link: https://www.econbiz.de/10011845664
This paper provides a model of "social hysteresis" whereby long, deep recessions demotivate workers and thereby lead …
Persistent link: https://www.econbiz.de/10009752694