The deceleration of labor supply growth in the late 1990s is linked with the aging of the work force. The process of aging raises macroeconomic as well as microeconomic policy issues. The macroeconomic issues are linked to the rise in transfer costs of an increasing proportion of retired elderly...

The economic linkage of Turkey with Europe is marked by substantial labour flows and comparatively small investment and trade flows. In the late 1990s, a new stage of economic development has been reached. The rapidly growing Turkish economy is in need of skilled personnel, attracting largely...