Unemployment flows, participation, and the natural rate of unemployment: Evidence from Turkey

Name: Unemployment flows, participation, and the natural rate of unemployment: Evidence from Turkey
Author: Şengül, Gönül, Tasci, M.

İsim	Unemployment flows, participation, and the natural rate of unemployment: Evidence from Turkey
Yazar	Şengül, Gönül, Tasci, M.
Basım Tarihi:	2020-06
Basım Yeri	- Elsevier
Konu	Unemployment, Unemployment flows, Labor force participation, Unobserved components, Turkey
Tür	Süreli Yayın
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	0164-0704
Kayıt Numarası	9c49e009-1afc-472f-b9dd-0478f6cb4558
Lokasyon	Economics
Tarih	2020-06
Örnek Metin	We use a parsimonious unobserved components model with flow rates to estimate a time-varying unemployment rate trend for Turkey. Our approach is grounded in the modern theory of labor market search. This trend estimate yields a level that the unemployment rate would converge to in the absence of cyclical shocks that move different flow rates away from their underlying trends. By the end of 2018, the unemployment rate trend for Turkey stood at 12 percent, gradually increasing since the end of the global recession. The key drivers of the unemployment rate trend have been rising separation and unemployment exit rate trends in the first decade of our sample period. Since 2012, these trends have stagnated somewhat, but the labor force participation rate has continued trending up.
DOI	10.1016/j.jmacro.2020.103202
Cilt	64

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Unemployment flows, participation, and the natural rate of unemployment: Evidence from Turkey

Yazar Şengül, Gönül, Tasci, M.

Basım Tarihi 2020-06

Basım Yeri - Elsevier

Konu Unemployment, Unemployment flows, Labor force participation, Unobserved components, Turkey

Tür Süreli Yayın

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 0164-0704

Kayıt Numarası 9c49e009-1afc-472f-b9dd-0478f6cb4558

Lokasyon Economics

Tarih 2020-06

Örnek Metin We use a parsimonious unobserved components model with flow rates to estimate a time-varying unemployment rate trend for Turkey. Our approach is grounded in the modern theory of labor market search. This trend estimate yields a level that the unemployment rate would converge to in the absence of cyclical shocks that move different flow rates away from their underlying trends. By the end of 2018, the unemployment rate trend for Turkey stood at 12 percent, gradually increasing since the end of the global recession. The key drivers of the unemployment rate trend have been rising separation and unemployment exit rate trends in the first decade of our sample period. Since 2012, these trends have stagnated somewhat, but the labor force participation rate has continued trending up.

DOI 10.1016/j.jmacro.2020.103202

Cilt 64