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Why is the Labor Share so Low in Turkey?

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dc.contributor.authorUnveren, Burak
dc.contributor.authorSunal, Seckin
dc.contributor.institutionauthorÜNVEREN, Burak
dc.date.accessioned2026-06-27T13:42:43Z
dc.date.issued2015
dc.description.abstractThe labor share in the income of Turkey is confoundingly low according to official figures. By comparison, the average labor share of OECD members is two times higher than that of Turkey. Is this because labor productivity is low, or is it because imperfect competition, which amplifies profits, is overwhelmingly high in Turkey? We estimate preferences, technology parameters, and price markup in a dynamic general equilibrium model to answer this question using GMM. To our surprise, the results suggest that the crucial factor suppressing the share of labor in Turkey is high price markup, and the role of low productivity of labor is negligible. The results are robust to the use of different instrumental variables.en
dc.description.sponsorshipYildiz Technical University Scientific Research Projects Coordination Department [2012-02-01-KAP01]
dc.description.urihttps://doi.org/10.1111/deve.12089
dc.identifier.doi10.1111/deve.12089
dc.identifier.eissn1746-1049
dc.identifier.endpage288
dc.identifier.issn0012-1533
dc.identifier.issue4
dc.identifier.startpage272
dc.identifier.urihttps://hdl.handle.net/20.500.14981/54349
dc.identifier.volume53
dc.identifier.wos000365274500002
dc.language.isoeng
dc.publisherWILEY
dc.relation.ispartofDEVELOPING ECONOMIES
dc.subjectFactor shares
dc.subjectIncome distribution
dc.subjectMonopolistic competition
dc.subjectReal Business Cycle
dc.subjectGMM
dc.subjectD33
dc.subjectD43
dc.subjectD60
dc.subjectCOMPETITION
dc.subjectPROGRAM
dc.subjectDevelopment Studies
dc.subjectBusiness & Economics
dc.titleWhy is the Labor Share so Low in Turkey?
dc.typeArticle
dspace.entity.typePublication
local.import.sourceWOS

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