Analysis of the factors affecting labour supply
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Tarih
2018
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info:eu-repo/semantics/openAccess
Özet
According to classical economists, the wage that determines the labor supply is the real wage rate. It is accepted inclassics that the substitution effect is bigger than the income effect. In Keynesians, the factor that determines the laborsupply is accepted as the nominal wage. This circumstance causes to labor suppliers to fall into error. Monetaristeconomists accept the labor supply as the function of the expected wage. With reference to them, the selection betweenworking and relaxation is made based on the expected wage level. The sum of employees and unemployed in a countryis called as the labor supply. In this context; in this research that made an econometric analysis of the factor determinethe labor supply in Turkey case, the labor supply was used as the affected factor. The influencing factors are Inflation(CPI), Manufacturing Industry Production Index (Q), Labor Cost Index (W), Unemployment Rate (IO), LaborProductivity (PL), GDP Growth Rate (GR) and Real Export (RX) variables. According to the econometrical resultsof the research, there is a long termed relationship between inflation, unemployment rate, real exportation, laborproductivity, real wage, growth, and labor supply.
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Dumlupınar Üniversitesi Sosyal Bilimler Dergisi
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0
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56
