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Turkiye’de Asgari Ucret–UFE Enflasyonu Iliskisi Uzerine Ampirik Bir Analiz

Author

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  • Yusuf Soner Baskaya
  • M. Utku Ozmen

Abstract

[TR] Bu notta, asgari ucret ile UFE (Uretici Fiyatlari Endeksi) enflasyonu arasindaki iliski incelenmektedir. Sektorlerin teknolojik ozelliklerinin bir sonucu olan kalifiye olmayan is gucu paylarindaki sektorel farkliliklar ve asgari ucretin isveren maliyetlerinde gozlenen degisimler kullanilarak yapilan ampirik analizler, asgari ucretin isverene maliyetindeki artisin kalifiye olmayan isci istihdamina daha fazla yer veren sektorlerde uretici fiyatlarini daha fazla artirdigini gostermektedir. Bu sonuclarin net asgari ucret artislari veriyken de gecerli oldugu gozlenmektedir. Dolayisiyla, kamu maliyesine ek bir yukun ortaya cikmayacagi bir senaryo altinda, net asgari ucret artislari veri iken, asgari ucretin isveren maliyetindeki dususlerin enflasyon gorunumunu olumlu etkileyebilecegi dusunulmektedir. [EN] In this note, the link between minimum wages and PPI inflation is analyzed. The empirical analysis, which exploits the heterogeneity in the unskilled labor ratio across industries and the changes in the employer’s cost of minimum wage, indicates that an increase in the employer’s cost of minimum wage yields a higher producer price increase in the sectors with a higher unskilled labor ratio. This result is robust when the change in the net minimum wage is also controlled for. Hence, the results suggest that for a given net minimum wage increase, a lower employer’s cost of minimum wage can be associated with lower producer price inflation under such a scenario that no additional pressure is asserted on the fiscal balance.

Suggested Citation

  • Yusuf Soner Baskaya & M. Utku Ozmen, 2013. "Turkiye’de Asgari Ucret–UFE Enflasyonu Iliskisi Uzerine Ampirik Bir Analiz," CBT Research Notes in Economics 1323, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    • Handle: RePEc:tcb:econot:1323
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    References listed on IDEAS

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    1. Douglas Gollin, 2002. "Getting Income Shares Right," Journal of Political Economy, University of Chicago Press, vol. 110(2), pages 458-474, April.
    2. Kerry L. Papps, 2012. "The Effects of Social Security Taxes and Minimum Wages on Employment: Evidence from Turkey," ILR Review, Cornell University, ILR School, vol. 65(3), pages 686-707, July.
    3. Marshall, Kathryn G., 2012. "International productivity and factor price comparisons," Journal of International Economics, Elsevier, vol. 87(2), pages 386-390.
    4. Ben S. Bernanke & Refet S. Gürkaynak, 2002. "Is Growth Exogenous? Taking Mankiw, Romer, and Weil Seriously," NBER Chapters, in: NBER Macroeconomics Annual 2001, Volume 16, pages 11-72, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Hatice Burcu Gurcihan Yunculer & Fethi Ogunc, 2015. "Firma Maliyet Yapisi ve Maliyet Kaynakli Enflasyon Baskilari," Working Papers 1503, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    2. Selen Başer Andiç & Hande Küçük & Fethi Öğünç, 2015. "Inflation Dynamics in Turkey: In Pursuit of a Domestic Cost Measure," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 51(2), pages 418-431, March.

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