Ücret Yapışkanlığı Hipotezi'nin Test Edilmesi: Türkiye'de Asgari Ücret ve Büyüme Üzerine Zaman Serileri Analizi (2005-2012)

Testing Wage Rigidity Stickiness Hypothesis: Time Series Analysis on the Minimum Wage and Growth in Turkey (2005-2012)

Bilal Kargi

MPRA Paper from University Library of Munich, Germany

Abstract: Classical economics envisaged to reach the subsistence level of wages in the long term. Keynes, however, argued that it would be sticky downward wages with trade union activities. Since the 1930s, governments have begun to phase out the laws of the minimum wage to support employees' income levels. Thus, the minimum wage has emerged as a wage stickiness. Although wages are rising long-term interest rates are still low production continue to receive. Economistic analysis suggests that the wages due to the excessive rise in inflation would lead to a wage-price hollyzone. Therefore, the pressure being created unemployment, is under pressure and wage on different grounds. In this study, Turkey's economy by applying the method of time series with quarterly data for the period 2005:01-2012:03, the minimum wage, wage stickiness analyzes the impact. At the beginning of the conclusions reached, the minimum wage, high shear between the poverty line, the food poverty line is that it exceeded; an interaction increases in inflation and GDP are not sufficiently supported by the results obtained. In addition, due to high unemployment, low minimum wage, the markets pulled down to the level of the current wage and the minimum wage increasing employment obtained.

Keywords: Growth; Minimum Wage; Hunger Line; Poverty Line; Income Distribution. (search for similar items in EconPapers)
JEL-codes: E24 J31 O11 O47 (search for similar items in EconPapers)
Date: 2013-04
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Published in Çalışma ve Toplum 2.37(2013): pp. 183-210

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