Ekonomi Bölümü Koleksiyonu

Permanent URI for this collectionhttps://gcris.khas.edu.tr/handle/20.500.12469/57

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Now showing 1 - 5 of 5

Citation Count: 2
Heterogeneous effects of minimum wage on labor market outcomes: A case study from Turkey
(Walter de Gruyter, 2020) Orhangazi, Özgür; Tekgüç, Hasan; Tekgüç, Hasan
We assess the effects of a sharp minimum wage increase on wages, informality, and employment in Turkey, a large developing economy with one of the highest minimum wage-to-average wage ratios among OECD countries and widespread discrepancies between labor market outcomes of women and of men. We look at the quasi-experimental 2016 minimum wage increase and pay attention to identifying information coming from demographic groups. We find that the increase in the minimum wage had an economically substantial and statistically significant positive impact on wages. Despite the positive wage effects of the increase, we find no negative employment effects. However, we show that the minimum wage increase may have caused an increase in the share of informal employment among workers with less than tertiary education, especially for such workers working for small firms
Citation Count: 0
On (mis-)perception of probabilities in first-price sealed-bid auctions
(Economics Bulletin, 2019) Keskin, Kerim; Keskin, Kerim
We study a two-stage probability weighting model [see Tversky and Fox 1995] in a first-price sealed-bid auction. We present the unique symmetric equilibrium and provide some experimental support for our model.
Citation Count: 3
Perceived Happiness, Perceived Trust and Perceived Income Levels: The Case of the Reunified Germany
(Savez Ekonomista Vojvodine, 2019) Ucal, Meltem Şengün; Günay, Simge
This study explored the possible impact of perceived income on individual (perceived) happiness in Eastern and Western Germany in relation to perceived trust and four socio-economic variables, namely gender, age, marital status and employment status. To examine the relationship between these variables, a generalized ordered logit model was applied using the World Values Survey data. Bootstrapping and marginal effects were used to obtain a more robust model. The findings provided insights regarding the impact of perceived income and perceived trust on individual (perceived) happiness in both regions after reunification. Perceived income had a positive effect on all happiness categories in both regions. Perceived trust had a stronger positive impact on individual happiness than that of perceived income, although its significance varied across individual (perceived) happiness categories. Analysis of marginal effects revealed differences between the base models.
Citation Count: 2
R&D Activity and Financing Constraints: Evidence from Turkey
(Savez Ekonomista Vojvodine, 2020) Orhangazi, Özgür; Orhangazi, Özgür; Yalçın, Cihan
We analyze the relationship between financing constraints and firms' R&D activity using a rich and comprehensive firm-level balance sheet and income statement data set of manufacturing firms in Turkey for the period 1996 to 2013. Using a firm-specific, time-varying financing constraints index, we find that financing constraints have a negative relationship with firms' R&D activity, after controlling for other determinants of R&D such as firm size, capital intensity and export market participation.
Citation Count: 14
Women's Tertiary Education Masks the Gender Wage Gap in Turkey
(Springer, 2017) Tekgüç, Hasan; Eryar, Deger; Cindoglu, Dilek
This paper investigates the gender wage gap for full-time formal sector employees disaggregated by education level. The gap between the labor force participation rate of women with tertiary education and those with lower levels of education is substantial. There is no such gap for men. Hence existing gender wage gap studies for Turkey where we observe lopsided labor force participation rates by education levels compare two very different populations. We disaggregate the whole sample by education level to create more homogenous sub-groups. For Turkey without disaggregation the gender wage gap was 13% in 2011 and women are significantly over-qualified relative to men on observed characteristics. Once we disaggregate the sample by education level we show that the gender wage gap is 24% for less educated women and 9% for women with tertiary education in full-time formal employment. Observed characteristics only explain 1 % of this gap in absolute terms. We further disaggregate the data by public and private employment. The gender gap is higher in the private sector. However women with tertiary education in the public sector are significantly better qualified compared to men and consequently the adjusted gender wage gap is higher for women with tertiary education in the public sector. Our estimates also indicate a rise in the gender wage gap between 2004 and 2011.

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