We use time-series analysis to examine bank behavior with respect to credit supply employing both banking data and other financial variables for the Turkish economy over the 1990 – 2009 period. We provide a vector error-correction (VEC) model to test for multivariate cointegration and Granger...

This paper studies the evolution of wage inequality over the last decade in Turkey using household labor force survey between 2002 and 2010. During the period between 2002 and 2004, the relative supply of more educated workers to less educated workers stayed almost constant while their relative...

This paper studies local human capital externalities and returns to education in Turkey. Data comes from 2006 Household Labor Survey. Instrumental Variables-OLS estimation indicates internal (external) returns amounting to 4.9% (2.4%), while IV estimates using quantile regression range from 3%...

We compute the optimal non-linear tax policy in a dynastic economy with unin- surable risk, where generations are linked by dynastic wealth accumulation and corre- lated incomes. Unlike earlier studies, we find that the optimal tax policy is moderately regressive. Regressive taxes lead to higher...

We compute the optimal non-linear tax policy for a dynastic economy with uninsurable risk, where generations are linked by dynastic wealth accumulation and correlated incomes. Unlike earlier studies, we find that the optimal long-run tax policy is moderately regressive. Regressive taxes lead to...

We study the impact and sudden arrival of more than 3 million Syrian refugees on Turkish businesses. Our empirical design uses the exogenous variation in refugee outflows from Syria and the geographic concentration of Arabic-speaking communities in Turkey prior to the onset of the Syrian...

As has been amply documented by science and validated by the Intergovernmental Panel on Climate Change, global warming is a reality. In response to global warming, the interna- tional community has devised ambitious policies that are enshrined in the Kyoto Protocol and most recently, in the...

We evaluate public-private sector wage differentials in Turkey for the years 2005 and 2011, a period marked by educational upgrading and restructuring in public employment. Using micro data from Household Labour Force Surveys we find a positive premium for low wage earners and a penalty of...

This article discusses recent structural changes in Turkish higher education to draw attention to a number of social and economic consequences of this expansion in terms of mobility and inequality over the last ten years. First, we outline the institutional background of the expansion of higher...