Abstract
This study examines the effects of macroeconomic variables and the Incentive for Young and Female Employment Regulated by Law No. 6111 in Turkey on employment, informal employment, and income. Electricity consumption (economic growth), USD/TRY exchange rate and inflation have been taken as the macroeconomic variables. Of the employment incentive policies implemented in Turkey, the employment incentive regulated by Law No. 6111 has also been used as a variable. Data have been taken monthly for the period 2012 through 2016. This study is significant because the data regarding the employment incentives implemented in Turkey are the actual data obtained from the Social Security Institution. As a result of the analysis, no significant impact of the Employment Incentive for Young and Female Employment regulated by Law No. 6111 and the examined macroeconomic variables was found on employment. The first lagged value of Inflation, one of the macroeconomic variables used in the study, had statistically significant impacts on the increase in informal employment. From macroeconomic variables, the USD/TRY exchange rate has a negative and relatively high impact. The increase in the exchange rate lowered revenue, as an expected outcome.
Highlights
When the historical process of the unemployment is examined, the first trace of the phenomenon dates back to the era of modern economies
Analysis Results Since the data were gathered on a monthly basis, an extended Dickey-Fuller test (ADF) was performed to determine whether the series exposed adjusted for seasonality issues are stationary using the tramo/seats method
The results of our study, which examines the effects of the incentives for young and female employment regulated by Law No 6111 and macroeconomic variables on informal employment and income, shares similarities with the literature
Summary
When the historical process of the unemployment is examined, the first trace of the phenomenon dates back to the era of modern economies. Labour employment policies have been increasing in importance throughout the world, especially in developed countries, in the. The rapid growth of the production industry in capitalist economy systems leads these countries to seek new markets This increase in production makes it necessary to set new employment policies and other policies and strategies to guide labour mobility within the country. Employment incentives have a very important place in the active labour market, and insurance premium discounts and subsidies provided to employers during periods of economic recession help them take a breath of relief financially Such policies will facilitate the overcoming of general economic, regional or sectoral crises, while actions without policies will make it very difficult to achieve employment growth. The study was completed with a conclusion and suggestions
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