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Unemployment Hysteresis in Turkey: Does Education Matter?

Author

Listed:
  • Ferit KULA

    (Erciyes University, The Faculty of Economics and Administrative Sciences, Kayseri, Turkey)

  • Alper ASLAN

    (Nevsehir Hac Bektas Veli University, The Faculty of Economics and Administrative Sciences, Nevsehir, Turkey)

Abstract

This paper re-examines the empirical validity of the hysteresis hypothesis in unemployment rates in terms of education level in Turkey with minimum Lagrange Multiplier (LM) unit root methodology. Our empirical findings indicate that the time series properties of high and vocational high school educated unemployment rates are different than the overall unemployment rate and other educational unemployment rates.

Suggested Citation

  • Ferit KULA & Alper ASLAN, 2014. "Unemployment Hysteresis in Turkey: Does Education Matter?," International Journal of Economics and Financial Issues, Econjournals, vol. 4(1), pages 35-39.
    • Handle: RePEc:eco:journ1:2014-01-5
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    Cited by:

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    More about this item

    Keywords

    unemployment; business cycles; hysteresis; Turkey;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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