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Interlinkages between credit, debt and the labour market: evidence from Turkey

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  • Elif Karacimen

Abstract

This article examines workers’ use of credit in the context of a developing country, Turkey, based on empirical material collected through questionnaires and interviews with workers in the metal sector. The results provide evidence of a link between workers’ debt and the type of wage employment in two ways. First, I demonstrate that insecurity of employment and income is important in determining the increased tendency to borrow and increasing the vulnerability of workers to debt service problems. Second, I reveal that debt adds new dimensions to capital labour relations by functioning as a disciplining mechanism.

Suggested Citation

  • Elif Karacimen, 2015. "Interlinkages between credit, debt and the labour market: evidence from Turkey," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 39(3), pages 751-767.
  • Handle: RePEc:oup:cambje:v:39:y:2015:i:3:p:751-767.
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    File URL: http://hdl.handle.net/10.1093/cje/beu016
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    Cited by:

    1. Yun K. Kim & Gilberto Tadeu Lima & Mark Setterfield, 2017. "Political Aspects of Household Debt," Working Papers 1724, New School for Social Research, Department of Economics.
    2. Annina Kaltenbrunner, 2018. "Financialised internationalisation and structural hierarchies: a mixed-method study of exchange rate determination in emerging economies," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 42(5), pages 1315-1341.
    3. Gouzoulis, Giorgos & Iliopoulos, Panagiotis & Galanis, Giorgos, 2022. "EU-induced Financialisation and Its Impact on the Greek Wage Share, 1999-2021," GLO Discussion Paper Series 1209, Global Labor Organization (GLO).
    4. Fulya Apaydin & Ferit Serkan Öngel & Jonas W. Schmid & Erol Ülker, 2022. "When do workers support executive aggrandizement? Lessons from the recent Turkish experience," Industrial Relations Journal, Wiley Blackwell, vol. 53(2), pages 142-159, March.
    5. Bonizzi, Bruno & Kaltenbrunner, Annina & Powell, Jeffrey, 2019. "Subordinate financialization in emerging capitalist economies," Greenwich Papers in Political Economy 23044, University of Greenwich, Greenwich Political Economy Research Centre.
    6. Giorgos Gouzoulis & Panagiotis (Takis) Iliopoulos & Giorgos Galanis, 2023. "Financialization and the rise of atypical work," British Journal of Industrial Relations, London School of Economics, vol. 61(1), pages 24-45, March.
    7. Eric Kemp-Benedict & Yun K. Kim, 2018. "Technological Change, Household Debt, and Distribution," Working Papers 2018-02, University of Massachusetts Boston, Economics Department.
    8. Costas Lapavitsas & Aylin Soydan, 2020. "Financialisation in developing countries: Approaches, concepts, and metrics," Working Papers 240, Department of Economics, SOAS University of London, UK.
    9. Ariane Hillig, 2019. "Everyday financialization: The case of UK households," Environment and Planning A, , vol. 51(7), pages 1460-1478, October.

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