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Journals / Central Bank Review / 2014 / Cilt: 14 - Sayı: 3

UNEMPLOYMENT AND VACANCIES IN TURKEY:THE BEVERIDGE CURVE AND MATCHING FUNCTION

TÜRKİYE’DE İŞSİZLİK VE AÇIK İŞLER: BEVERİDGE EĞRİSİ VE EŞLEŞME FONKSİYONU

Birol KANIK
Enes SUNEL
Temel TAŞKIN
Pages
35–62
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Disaggregation of the Beveridge curve suggests that recent labor market reforms were beneficial for the targeted employment groups.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this paper, we study the Beveridge curve and the matching function in Turkey.
📊
Key Findings & Data:The analysis illustrates that the empirical Beveridge curve for the 2005:M1-2013:M2 period posits a negative relationship between unemployment and vacancies.
💡
Conclusion & Impact:Disaggregation of the Beveridge curve suggests that recent labor market reforms were beneficial for the targeted employment groups.
🔬Design:Research Article
📍Scope:2005 Verileri
⚙️Variables:Domain Parameters

Abstract

In this paper, we study the Beveridge curve and the matching function in Turkey. The analysis illustrates that the empirical Beveridge curve for the 2005:M1-2013:M2 period posits a negative relationship between unemployment and vacancies. When the sample period is divided into sub-periods around the recent global financial crisis, the unemployment-vacancies pairs are found to follow a counterclockwise trajectory (around the empirical Beveridge curve) during the transition from trough into the recovery. The estimation of the matching function implies that the congestion externality of unemployment on job finding is in line with the literature. Disaggregation of the Beveridge curve suggests that recent labor market reforms were beneficial for the targeted employment groups. JELJ20, J63, J64

Özet

. Ocak 2005-Şubat 2013 dönemi Beveridge eğrisi ele alındığında işsizlik ve açık işler arasında negatif ilişki olduğu bulunmaktadır. Örneklem aralığı yakın dönemde gerçekleşen finansal kriz etrafında alt dönemlere ayrıldığında ise işsizlik-açık işler eşleşme noktalarının krizden çıkış sürecinde (Beveridge eğrisi etrafında) saat yönünün tersi istikametinde hareket ettiği gösterilmektedir. Eşleşme fonksiyonu tahmini sonucunda, işsizliğin yığılma dışsallığı değeri iktisadi yazındaki değerlere yakın bulunmaktadır. İşsizlik çeşitlerine göre ayrıştırılmış Beveridge eğrisi ise işgücü piyasası reformlarının hedeflenen gruplar için yararlı olduğuna işaret etmektedir.

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Cite This Article

KANIK, B., SUNEL, E., TAŞKIN, T. (2014). UNEMPLOYMENT AND VACANCIES IN TURKEY:THE BEVERIDGE CURVE AND MATCHING FUNCTION. Central Bank Review, Cilt: 14 - Sayı: 3, 35–62. https://ajindex.com/articles/147353

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