Broader unemployment measures reveal wage flexibility disparities in Turkish labor market.
The article explores different ways to measure how wages change in Turkey based on the local unemployment rate. By looking at various definitions of unemployment, the researchers found that broader definitions work better for women, while long-term unemployment rates are more relevant for men. They also discovered that in developing economies like Turkey, looking at unemployment rates based on education levels gives a more accurate picture of wage competition. Additionally, they found that how wages respond to unemployment varies across different wage levels, with higher elasticity around the middle wage range in Turkey.