AB Ülkeleri ve Türkiye İşgücü Piyasasında Histeri Etkisi: RATCHET Modeli Analizi

Ibrahim Tokatlıoğlu, Fahriye Öztürk and Hakan Naim Ardor

Sosyoekonomi Journal, 2014, issue 22(22)

Abstract: In this study, the effect of hysteresis in the labor market of selected 14 EU member countries and Turkey for 1988-2011 period was analyzed. The present paper captures these effects by a simple extension of the hysteresis approach to the natural rate hypothesis of unemployment using a ratchet model with panel data. Due to the Ratchet model’s dynamic structure, Arellano-Bond system GMM was used for estimates. As a result, it was concluded that selected 14 EU member countries’ and Turkey’s labor market has hysteresis. But, in these countries hysteresis effect (or Ratchet effects) is not so strong especially before the Global crises.

Keywords: Labor Market; Hysteresis Effect; Ratchet Model. (search for similar items in EconPapers)
JEL-codes: C22 C23 J01 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:140214

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