Sectoral Employment and Labor Costs: Elasticity Evidence on Turkey
Makaleler > Tam Makale · 2015
Yazarlar: Çağaçan DEĞER
Ege Stratejik Araştırmalar Dergisi, Hakemli Üniversite Dergisi, Ulusal, 2015, cilt 2, ss 15-15
DOI: 10.18354/esam.81742
Özet
<p><span style="left: 247.8px; top: 405.572px; font-size: 13.4px; font-family: sans-serif; transform: scaleX(0.858259);">A recurrent theme in employment policies is that reduction of labor costs would</span><span style="left: 247.2px; top: 420.772px; font-size: 13.4px; font-family: sans-serif; transform: scaleX(0.901823);"> increase employment. This study aims to obtain a value for the employment</span><span style="left: 247.2px; top: 436.172px; font-size: 13.4px; font-family: sans-serif; transform: scaleX(0.906745);"> elasticity of labor cost in Turkey through estimation o</span><span style="left: 596.6px; top: 436.172px; font-size: 13.4px; font-family: sans-serif; transform: scaleX(0.889439);">f a sectoral employment </span><span style="left: 247.2px; top: 451.572px; font-size: 13.4px; font-family: sans-serif; transform: scaleX(0.877037);">equation. Using 3</span><span style="left: 356.80000333333334px; top: 451.5722199999999px; font-size: 13.399999999999997px; font-family: sans-serif;">-</span><span style="left: 361.2px; top: 451.572px; font-size: 13.4px; font-family: sans-serif; transform: scaleX(0.888601);">digit ISIC Rev 3 industry data obtained from TURKSTAT, the </span><span style="left: 247.2px; top: 466.772px; font-size: 13.4px; font-family: sans-serif; transform: scaleX(0.901872);">present study performs a panel analysis. The calculated elasticities are positive,</span><span style="left: 247.2px; top: 482.172px; font-size: 13.4px; font-family: sans-serif; transform: scaleX(0.877544);">contradicting theoretical expectation., and pointing that cost re</span><span style="left: 619.4px; top: 482.172px; font-size: 13.4px; font-family: sans-serif; transform: scaleX(0.891709);">duction may not be a</span><span style="left: 247.2px; top: 497.572px; font-size: 13.4px; font-family: sans-serif; transform: scaleX(0.879643);"> valid tool for employment expansion. It is also argued that the problem with the sign</span><span style="left: 247.2px; top: 512.772px; font-size: 13.4px; font-family: sans-serif; transform: scaleX(0.880904);"> may be due to the data used and may actually be supportive of a wage curv</span>e<br></p>