The Effects of Structural Transformations in Economy on Labor Markets The Case of OECD Countries


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Meçik O. , Afşar M.

International Journal of Business and Social Science, vol.5, pp.230-237, 2014 (Refereed Journals of Other Institutions)

  • Publication Type: Article / Article
  • Volume: 5
  • Publication Date: 2014
  • Title of Journal : International Journal of Business and Social Science
  • Page Numbers: pp.230-237

Abstract

In this study the effects of the structural transformation in economy of OECD countries on the labor markets are analyzed by using the panel data models. Findings indicate that there are significant effects of structural transformations in economy on labor markets as the increasing labor productivity has negative effect on the employment in economy. Another finding is that the increase in the labor productivity and specialization affects the long term unemployment rate in the direction of increase.