<?xml version="1.0" encoding="UTF-8"?>
<rss xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:taxo="http://purl.org/rss/1.0/modules/taxonomy/" version="2.0">
  <channel>
    <title>EconStor Collection: ERF Working Paper Series, TÜSİAD-Koç University Economic Research Forum (ERF)</title>
    <link>http://hdl.handle.net/10419/45401</link>
    <description />
    <textInput>
      <title>The Collection's search engine</title>
      <description>Search the Channel</description>
      <name>search</name>
      <link>http://www.econstor.eu/simple-search</link>
    </textInput>
    <item>
      <title>Wage inequality and returns to education in Turkey: a quantile regression analysis</title>
      <link>http://hdl.handle.net/10419/45464</link>
      <description>Title: Wage inequality and returns to education in Turkey: a quantile regression analysis
&lt;br/&gt;
&lt;br/&gt;Authors: Tansel, Aysit; Bircan, Fatma
&lt;br/&gt;
&lt;br/&gt;Abstract: This paper investigates the male wage inequality and its evolution over the 1994-2002 period in Turkey by estimating Mincerian wage equations using OLS and quantile regression techniques. Male wage inequality is high in Turkey. While it declined at the lower end of the wage distribution it increased at the top end of wage distribution. Education contributed to higher wage inequality through both within and between dimensions. The within-groups inequality increased and between-groups inequality decreased over the study period. The latter factor may have dominated the former contributing to the observed decline in the male wage inequality over the 1994-2002. Further results are provided for the wage effects of experience, cohort effects, public sector employment, geographic location, firm size, industry of employment and their contribution to wage inequality. Recent increases in FDI inflows, openness to trade and global technological developments are discussed as contributing factors to the recent rising within-groups wage inequality.</description>
      <pubDate>Fri, 29 Oct 2010 22:58:59 GMT</pubDate>
    </item>
    <item>
      <title>Financial regulation, integration and synchronization of economic activity</title>
      <link>http://hdl.handle.net/10419/45463</link>
      <description>Title: Financial regulation, integration and synchronization of economic activity
&lt;br/&gt;
&lt;br/&gt;Authors: Kalemli-Özcan, Sebnem; Papaioannou, Elias; Peydró, José-Luis
&lt;br/&gt;
&lt;br/&gt;Abstract: We investigate the effect of financial integration on the degree of international business cycle synchronization. For identfication, we use a confidential database on banks' bilateral exposure over the past three decades and employ a novel bilateral country-pair panel instrumental vari- ables approach. First, we show that conditional on global shocks and country-pair fixed factors countries that become more financially integrated over time have less synchronized growth pat- terns, in line with the standard theories of output fluctuations. Second, to isolate the one-way impact of financial integration on output co-movement and account for measurement error in the financial integration measure, we exploit variation in the transposition dates of the European Union-wide legislative acts (the Directives) from the Financial Services Action Plan (FSAP). These laws are designed to harmonize regulation of financial markets in the European Union. We find that increases in financial integration stemming from regulatory-legislative harmoniza- tion policies in capital markets are followed by more divergent output cycles, even when we condition on monetary unification. Our results contrast with those of the previous empirical studies. We reconcile the different results by showing that the earlier estimates suffer from the standard identification problems.</description>
      <pubDate>Thu, 29 Oct 2009 22:58:59 GMT</pubDate>
    </item>
    <item>
      <title>The labor market consequences of internal migration in Turkey</title>
      <link>http://hdl.handle.net/10419/45462</link>
      <description>Title: The labor market consequences of internal migration in Turkey
&lt;br/&gt;
&lt;br/&gt;Authors: Berker, Ali
&lt;br/&gt;
&lt;br/&gt;Abstract: During the last 30 years, Turkey has undergone profound economic and social transformations, including fundamental shifts from the state-oriented economy to the market-oriented economy; large scale modernization investments in telecommunication and transportation services; and the low-intensity ongoing armed-conflict concentrated in the country's Southeastern Region. For such a period, using the 1990 and 2000 Turkish Censuses, I evaluated the labor market consequences of internal migration that might have been sparked by such significant economic and social changes. Overall, the results suggest that provinces with a higher share of recent migrants may observe decreases in their native population' labor market opportunities. While this adverse impact of the recent migrant inflows remains to be robust, it exhibits heterogeneity with respect to the skill level of natives, as well as for the labor market outcomes of different native and migrant groups.</description>
      <pubDate>Thu, 29 Oct 2009 22:58:59 GMT</pubDate>
    </item>
    <item>
      <title>Modeling institutional evolution</title>
      <link>http://hdl.handle.net/10419/45461</link>
      <description>Title: Modeling institutional evolution
&lt;br/&gt;
&lt;br/&gt;Authors: Neyapti, Bilin
&lt;br/&gt;
&lt;br/&gt;Abstract: This paper proposes an original formal framework to analyze institutional evolution. Institutions have formal (F) and informal (N) aspects that may evolve at different paces, although eventually converging towards each other through an dynamic interactive process. N evolves with capital accumulation, as in learning by doing, and F is optimally chosen by the government who maximizes output given the social and political costs of changing F. As transaction-cost-reducing mechanisms, F and N together define the production technology and affect the income level. As consistent with the evidence, calibrations of the model reveal that optimum F exhibits a punctuated equilibra.</description>
      <pubDate>Thu, 29 Oct 2009 22:58:59 GMT</pubDate>
    </item>
  </channel>
</rss>

