The Impact of the Global Financial Crisis on Employment in Turkey
Crisis and Turkey: Impact Analysis of Crisis Response Measures, Ümit Efendioglu, Editör, International Labour Organization (ILO) , Ankara, ss.1-97, 2010
- Yayın Türü: Kitapta Bölüm / Araştırma Kitabı
- Basım Tarihi: 2010
- Yayınevi: International Labour Organization (ILO)
- Basıldığı Şehir: Ankara
- Sayfa Sayıları: ss.1-97
- Editörler: Ümit Efendioglu, Editör
- Açık Arşiv Koleksiyonu: AVESİS Açık Erişim Koleksiyonu
- Orta Doğu Teknik Üniversitesi Adresli: Evet
Özet
Anti-crisis measures in Turkey were late, even though the crisis was raging abroad for at least three quarters before it hit Turkey in late 2008. The first comprehensive jobs related package was announced in May 2009. Before the crisis, there was also a May 2008 employment package, unrelated to the global crisis, which was meant to be implemented later in the year. This one was addressing the structural problems of women and youth employment through labour cost subsidies. During the recovery, maybe its impact will be felt. By May 2009, however, over a million people had already lost their jobs and budgetary funds dried up because of falling tax revenues. The incentives, therefore, had to be designed as non-cash, in the form of deferred tax burden on new employment as in the May 2008 package. There was hardly any new formal new employment creation during the crisis, so these measures could not really apply. The only significant cash reserve belonged to the unemployment insurance fund but its terms of use are strictly defined by law. That is, the fund is not meant to be a resource to finance general measures (but significant sums from the fund were diverted to infrastructure projects anyway; see Taymaz and Yeldan in this volume for a broad discussion of anti-crisis measures).