Turkey : Managing Labor Markets Through the Economic Cycle

The Turkish economy was hit hard by the global economic crisis, but recovered fast and strong. The economy had already started to slow down in 2007, but the global financial events of late 2008 led to a sharp contraction starting in the last quarte...

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Bibliographic Details
Main Author:	World Bank
Format:	Country Economic Memorandum
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTING ACTIVE LABOR ACTIVE LABOR MARKET ACTIVE LABOR MARKET PROGRAMS ADULT WORKERS BASIC EDUCATION BUSINESS CYCLE CRISES DEBT CRISIS DEVELOPMENT ECONOMICS DISADVANTAGED GROUPS DRIVERS EARNINGS GROWTH EARNINGS INEQUALITY ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC SLOWDOWN EMPLOYABILITY EMPLOYMENT EMPLOYMENT AGENCIES EMPLOYMENT GROWTH EMPLOYMENT PROTECTION LEGISLATION EMPLOYMENT RATE EMPLOYMENT RATES EMPLOYMENT SERVICES FAMILY LABOR FEMALE EMPLOYMENT FERTILITY FINDING EMPLOYMENT FIRM GROWTH FLOW OF PEOPLE FORMAL SECTOR WAGES FORMAL SECTOR WORKERS GENDER GAP GENDER GAP IN EDUCATION GROSS DOMESTIC PRODUCT HEALTH INSURANCE HOUSEHOLD INCOME HOUSEHOLD LEVEL HUMAN CAPITAL HUMAN DEVELOPMENT HUMAN RESOURCES IMPACT OF POLICIES INFORMAL EMPLOYMENT INFORMAL SECTOR INFORMATION SYSTEM INNOVATION INVENTORY JOB CREATION JOB LOSSES JOB SEARCH JOB SEARCH ASSISTANCE JOB SEEKERS JOB STATUS JOBS LABOR CONTRACTS LABOR COSTS LABOR DEMAND LABOR FORCE LABOR FORCE PARTICIPATION LABOR LAWS LABOR MARKET ADJUSTMENT LABOR MARKET CONDITIONS LABOR MARKET INDICATOR LABOR MARKET INDICATORS LABOR MARKET INSTITUTIONS LABOR MARKET OUTCOMES LABOR MARKET PERFORMANCE LABOR MARKET REFORM LABOR MARKET REGULATIONS LABOR MARKETS LABOR PRODUCTIVITY LABOR PRODUCTIVITY GROWTH LABOR REGULATIONS LAYOFFS LEGISLATIVE CHANGES LEVEL OF EDUCATION LIFE SKILLS LIMITED JOB OPPORTUNITIES LIVING CONDITIONS LOW EMPLOYMENT LOW LABOR PRODUCTIVITY MALE WORKERS MINIMUM WAGE MINIMUM WAGES MORAL HAZARD NUMBER OF WORKERS PAID WORKERS PENSIONS POLICY RESPONSE POPULATION PROJECTIONS PRESENT STUDY PRIMARY EDUCATION PRODUCTIVE EMPLOYMENT PRODUCTIVITY LEVEL PROGRESS PUBLIC SUPPORT PUBLIC WORKS PUBLIC WORKS PROGRAM PUBLIC WORKS PROGRAMS REAL INCOME REAL WAGE REAL WAGES RURAL AREAS RURAL EMPLOYMENT RURAL RESIDENTS SALARIED WORKERS SECONDARY EDUCATION SECONDARY SCHOOL SELF-EMPLOYMENT INCOME SERVICE DELIVERY SEVERANCE PAY SEVERANCE PAYMENTS SKILLED LABOR SKILLED WORKERS SOCIAL BENEFITS SOCIAL NEEDS SOCIAL POLICIES SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SUPPORT TEMPORARY EMPLOYMENT TEMPORARY WORKERS TOTAL EMPLOYMENT TOTAL FACTOR PRODUCTIVITY UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT ASSISTANCE UNEMPLOYMENT BENEFITS UNEMPLOYMENT DURATION UNEMPLOYMENT INSURANCE UNEMPLOYMENT INSURANCE FUND UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNEMPLOYMENT SPELL UNIVERSAL PRIMARY EDUCATION UNPAID FAMILY WORKERS URBAN AREAS URBAN WORKERS URBANIZATION VOCATIONAL COURSE VOCATIONAL TRAINING VULNERABLE GROUPS WAGE BILL WAGE EMPLOYMENT WAGE GAP WAGE GROWTH WAGE INEQUALITIES WAGE POLICIES WAGE RATES WAGE SECTOR WORK EXPERIENCE WORK REQUIREMENTS WORK SHARING WORKER WORKERS WORKING WORKING HOURS WORKING WOMEN WORKING-AGE POPULATION YOUNG PEOPLE YOUNG WORKERS YOUTH EMPLOYMENT YOUTH LABOR YOUTH UNEMPLOYMENT YOUTH UNEMPLOYMENT RATE
Online Access:	http://documents.worldbank.org/curated/en/2013/03/17977691/turkey-managing-labor-markets-through-economic-cycle http://hdl.handle.net/10986/16067

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Summary:	The Turkish economy was hit hard by the global economic crisis, but recovered fast and strong. The economy had already started to slow down in 2007, but the global financial events of late 2008 led to a sharp contraction starting in the last quarter of 2008 until growth resumed in the last quarter of 2009. The recovery was rapid, with growth reaching 9 percent in 2010 and 8.5 percent in 2011. This study looks at how the labor market fared during the recent downturn and recovery and informs policies to manage labor markets through the economic cycle and address the jobs challenge in Turkey. The study investigates: (i) pre-crisis labor market trends and the structural jobs challenge in Turkey; (ii) aggregate and distributional impacts of the recent crisis, and subsequent recovery, on the labor market; and (iii) recent policy measures and existing labor market institutions in the context of observed labor market outcomes. Based on this analysis and a comparison with selected countries from around the world, the study suggests options to improve the responsiveness of policies to future crises and to adjust the policy mix through the economic cycle. Finally, the study links policies to manage labor markets through the cycle with measures to address the longer term, structural jobs challenge in Turkey.

Turkey : Managing Labor Markets Through the Economic Cycle

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