Research Article

Analysis of the Factors Affecting Labour Supply

Number: 56 April 27, 2018
TR EN

Analysis of the Factors Affecting Labour Supply

Abstract

According to classical economists, the wage that determines the labor supply is the real wage rate. It is accepted in classics that the substitution effect is bigger than the income effect. In Keynesians, the factor that determines the labor supply is accepted as the nominal wage. This circumstance causes to labor suppliers to fall into error. Monetarist economists accept the labor supply as the function of the expected wage. With reference to them, the selection between working and relaxation is made based on the expected wage level. The sum of employees and unemployed in a country is called as the labor supply.  In this context; In this research that made an econometric analysis of the factor determine the labor supply in Turkey case, the labor supply was used as the affected factor. The influencing factors are Inflation (CPI), Manufacturing Industry Production Index (Q), Labor Cost Index (W), Jobless Rate (İO), Labor Productivity(PL), GDP Growth Rate (GR) and Real Export (RX) variables. According to the econometrical results of the research, there is a long termed relationship between inflation, jobless rate, real exportation, labor productivity, real wage, growth, and labor supply.

Keywords

References

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Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Authors

Ahmet Oğuz *
Karabük Üniversitesi
0000-0001-5291-2819
Türkiye

Publication Date

April 27, 2018

Submission Date

March 14, 2018

Acceptance Date

April 26, 2018

Published in Issue

Year 2018 Number: 56

APA
Oğuz, A. (2018). Analysis of the Factors Affecting Labour Supply. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, 56, 157-170. https://izlik.org/JA48CU93LW
AMA
1.Oğuz A. Analysis of the Factors Affecting Labour Supply. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi. 2018;(56):157-170. https://izlik.org/JA48CU93LW
Chicago
Oğuz, Ahmet. 2018. “Analysis of the Factors Affecting Labour Supply”. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, nos. 56: 157-70. https://izlik.org/JA48CU93LW.
EndNote
Oğuz A (April 1, 2018) Analysis of the Factors Affecting Labour Supply. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi 56 157–170.
IEEE
[1]A. Oğuz, “Analysis of the Factors Affecting Labour Supply”, Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, no. 56, pp. 157–170, Apr. 2018, [Online]. Available: https://izlik.org/JA48CU93LW
ISNAD
Oğuz, Ahmet. “Analysis of the Factors Affecting Labour Supply”. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi. 56 (April 1, 2018): 157-170. https://izlik.org/JA48CU93LW.
JAMA
1.Oğuz A. Analysis of the Factors Affecting Labour Supply. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi. 2018;:157–170.
MLA
Oğuz, Ahmet. “Analysis of the Factors Affecting Labour Supply”. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, no. 56, Apr. 2018, pp. 157-70, https://izlik.org/JA48CU93LW.
Vancouver
1.Ahmet Oğuz. Analysis of the Factors Affecting Labour Supply. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi [Internet]. 2018 Apr. 1;(56):157-70. Available from: https://izlik.org/JA48CU93LW