The drive for labor market flexibility has become something of an intellectual and political crusade in the past several decades. As part of the conventional ‘best practice’ view of economic policy, labor market flexibility can be considered to be at the heart of what Thomas...

1. Laissez Faire: The Fruitless Pursuit of a Chimera 2. Messiness Matters: The Analytical Basis of the Legal-Economic Nexus 3. Visible Hands and Corporations: Beyond the Public versus Private Separation 4. Constitutional Vulnerability, the Struggle for Human Dignity, And Monetary Sovereignty 5....

This paper presents an empirical estimation of the correlation between wages and regional unemployment rates in Turkey, more specifically it explores the role of regional unemployment rates in wage determination. The analysis builds upon a series of recent empirical studies on the...

<title>Abstract</title> Turkey has one of the widest male--female employment gaps in the world. The post-1950 interplay between economic growth strategies and the male-breadwinner family led to distinct gendered labor market outcomes in the import-substitution versus the export-led growth periods. Examination...

In this paper we use Turkish household labor force data to address a number of conceptual issues pertaining to the wage curve, an empirically derived negative relationship between the real wage level and the local unemployment rate. First, we show that in developing economies where labor markets...

The ‘comprehensive socialization of investment’ was a key policy goal of The General Theory. And yet, empirically, we have seen a decline in the public investment share in most OECD countries since the economic crisis of the 1970s. In this paper we study several issues concerning...