Unemployment Hysteresis in Turkey: Does Education Matter?

This paper re-examines the empirical validity of the hysteresis hypothesis in unemployment rates in terms of education level in Turkey with minimum Lagrange Multiplier (LM) unit root methodology. Our empirical findings indicate that the time series properties of high and vocational high school educa...

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Bibliographic Details
Published in:International journal of economics and financial issues 2013-11, Vol.4 (1)
Main Authors: Ferit KULA, Alper ASLAN
Format: Article
Language:English
Online Access:Get full text
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Summary:This paper re-examines the empirical validity of the hysteresis hypothesis in unemployment rates in terms of education level in Turkey with minimum Lagrange Multiplier (LM) unit root methodology. Our empirical findings indicate that the time series properties of high and vocational high school educated unemployment rates are different than the overall unemployment rate and other educational unemployment rates. Keywords: unemployment; business cycles; hysteresis, Turkey JEL Classifications: J21; J64
ISSN:2146-4138