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The Impact of the Global Economic Crisis on the Turkish Labor Market: A Markov Transition Analysis

Author

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  • Acar, Elif Öznur

    (Çankaya University)

Abstract

This study examines the impacts of the global economic crisis on the dynamics of the Turkish labor market, 2006-2009 Income and Living Conditions Survey (SILC) panel data set and Markov transition analysis. For this purpose, Markov probabilities of annual individual flows between four market labor market states of salaried employment, self-employment, unemployment and inactivity are compared across pre-crisis and crisis period. Further, the analysis is conducted for gender, age and education subcategories to analyze the extent and nature of the crisis on different labor market groups. The results show that the crisis has negatively affected the Turkish labor market, particularly through salaried employment and unemployment channels. During the crisis, the probability of becoming unemployed for salaried workers fell significantly, while the probability of remaining unemployed increased. Moreover, the probability of moving into employment decreased and that into unemployment rose for the inactive group. Women, low skilled and youth are found to be the most negatively affected from the crisis.

Suggested Citation

  • Acar, Elif Öznur, 2016. "The Impact of the Global Economic Crisis on the Turkish Labor Market: A Markov Transition Analysis," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 7(4), pages 51-66, October.
    • Handle: RePEc:ris:buecrj:0247
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    Citations

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    Cited by:

    1. Selcuk GEMICIOGLU & Hasan SAHIN, 2023. "Unemployment Persistence in The Turkish Labor Market," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 10(1), pages 181-211, January.

    More about this item

    Keywords

    Labor Market Transitions; Labor Mobility; Global Economic Crisis; Markov Transition Process; Turkey;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs

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