Econ424Lecture4 - Selected Topics in Turkish Economy...

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Selected Topics in Turkish Economy Lecture Notes 4 Alper Duman March 31, 2009 Alper Duman Selected Topics in Turkish Economy Lecture Notes 4
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Employment and Unemployment I The working age population grew by 23 million from 1980 to 2004;however, only 6 million jobs were created I In 2004, it was only 43.7 percent. Most countries have employment rates above 50 percent; the EU-15 average was 65 percent. I The European Council meeting in Lisbon in 2000 adopted an employment rate target of 70 percent to be met by 2010. With a population that is still growing, Turkey will have to generate about 10 million jobs in six years to reach the current EU average employment rate in 2010, and will have to generate about 14 million jobs to reach the Lisbon target employment rate. Under current trends of GDP and employment growth, only 1.5 million jobs will be created by 2010. Alper Duman Selected Topics in Turkish Economy Lecture Notes 4
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Table: Employment by Status Number (1000s) Percentage Salary and Wage 12,300 59.3 Employer 1,251 6.0 Self-Employed 4,615 22.3 Unpaid Family Workers 2,570 12.4 Alper Duman Selected Topics in Turkish Economy Lecture Notes 4
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Ïşgücü durumu (Aralık) TÜRKİYE 2007 2008 KENT 2007 2008 KIR 2007 2008 Kurumsal olmayan sivil nüfus (000) 69 246 70 005 15 ve daha yukarı yaştaki nüfus (000) 49 575 50 339 İşgücü (000) 22 879 24 009 İstihdam (000) 20 443 20 736 İşsiz (000) 2 436 3 274 İşgücüne katılma oranı (%) 46,2 47,7 İstihdam oranı (%) 41,2 41,2 İşsizlik oranı (%) 10,6 13,6 Tarım dışı işsizlik oranı (%) 13,0 17,3 Genç nüfusta işsizlik oranı (1) (%) 20,6 25,7 İşgücüne dahil olmayanlar (000) 26 696 26 330 43 892 44 805 31 856 32 628 14 157 15 000 12 431 12 694 1 726 2 306 44,4 46,0 39,0 38,9 12,2 15,4 12,4 16,0 21,3 27,1 17 699 17 628 25 353 25 199 17 719 17 711 8 722 9 009 8 012 8 042 710 967 49,2 50,9 45,2 45,4 8,1 10,7 15,2 21,5 19,3 23,3 8 997 8 702 (1) 15-24 yaş grubundaki nüfus Alper Duman Selected Topics in Turkish Economy Lecture Notes 4
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Table: Not Participating in Labor Force Number (1000s) Percentage Ready to Work Not Searching 2,298 8.7 Seasonal Workers 426 1.6 Household Labor 11,785 44.8 Student 3,745 14.2 Retired 3,086 11.7 Disabled or Sick 3,207 12.2 Other 1,783 6.8 Alper Duman Selected Topics in Turkish Economy Lecture Notes 4
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I Manufacturing labor cost per unit value added, a proxy measure of labor costs relative to productivity is less than the EU comparators. While unit labor cost in manufacturing has risen from 0.21 in 1995 to 0.27 in 2004 I In Turkey the labor force participation rate for urban women has remained under 20 percent for the last 15 years. Turkey ranks 179th among 189 countries in this aspect. Alper Duman Selected Topics in Turkish Economy Lecture Notes 4
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Table: Working Hours per Week in Manufacturing Country Working Hours Turkey 52.1 Greece 42.7 South Korea 48 Mexico 44.7 EU 15 38.5 Alper Duman Selected Topics in Turkish Economy Lecture Notes 4
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I Currently 3.2 million Turkish nationals live in Europe I For Turkey, the dependency ratedefined as the ratio of those
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