Browsing by Subject "Labor market."

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Open Access
Application of cointegration analysis to the demand for labor by the Turkish private manufacturing sector
(1995) Kale, Pelin
In this study, the demand for labor by the Turkish private manufacturing sector is analyzed for three time periods; 1988 quailer 1-1993 quarter 4, 1988 quarter 1 - 1994 quarter 1, 1988 quarter 1-1994 quarter 2 to be able to capture the effects of the economic crisis of 1994 based on an approach treating employment as a function of output and real wage within an Enor Correction Modeling Approach. In the seaich for possible long run relationships between the vaiiables of interest, Johansen’s Maximum Likelihood procedure is applied to the first difference of variables since all the data series are integrated of order 1. A unique cointegrating relationship is found for each time period. Upon testing and rejecting the exogeneity of the real wage and output series for the demand for labor, short run models are built for each period which are consistent with theoiy but may be subject to biases due to simultaneity between the variables of interest.
Open Access
The impacts of the partial labor market reforms
(2011) Zeydanlı, Tuğba
Organization for Economic Co-operation and Development (OECD) countries have started to implement a host of reforms aimed at increasing mobility and áexibility in the labor market. The partial labor market reforms have been processing to change the situation of new hires which are part of the temporary workforce, but making nearly no change in the situation of existing ones, permanent workforce. The aim of the thesis is to analyze the impacts of the partial labor market reforms for workers under temporary and permanent work contracts in an analytical and a descriptive framework. In the descriptive framework, áexicurity concept and its pathways are discussed. As a case study, the reforms and their impacts are investigated regarding of Spain and the Netherlands. Within the analytical framework, I propose the basic overlapping generations (OLG) model with human capital accumulation and heterogeneous agents. The tradeo§ between being a temporary worker and permanent worker depends positively on the capacity of the individual, and negatively on the rate of return on capital, the severance payment and the negative productivity shock. There is a stepping stone e§ect for unskilled senior labor under the condition of existence of the transition.
Open Access
Labor market implications of multinational enterprises
(2007) Sağlam, Bahar
In this dissertation, the labor market implications of increased foreign Firm activity in the local economy are studied by using a heterogeneous matching model framework. There are a number of unskilled and skilled job seekers, and a number of job vacancies posted by local and foreign firms. In this set up, where all workers can engage in on-the-job search, equilibrium conditions and Nash bargaining approach allows derivation of wages for different types of workers and Firms. Results suggest that wages are a weighted average of labor productivity and unemployment benefit, where the weight depends on the bargaining power of the workers, labor market tightness and the mass of local and foreign vacancies. Results suggest that levels of wages paid by the foreign Firm need not always be greater than that paid by the local Firm. In fact, the wage differential is found to depend on relative costs, skill endowment and the technological gap between local and foreign Firms. An increase in the foreign presence, measured as an increase in the extent of foreign Firm vacancy creation, can occur because of an exogenous change in cost of job creation- public policy, technological improvements and skill upgrading. In this context, depending on the cause of an increase in foreign presence we end up with differential relative wage effects. On the other hand, skill intensity of the foreign Firms and restrictions on labor mobility from foreign to local Firms play a crucial role in explaining wage differentials and unemployment.