Özet:

The increase in unemployment rates in the face of economic shock is a natural economic event. But it is called unemployment hystery that increasing unemployment rates do not return to their old levels after the shock has disappeared. In the economy where the unemployment is hysteric, more effective policies towards the labour market should be implemented. The study examined the hysteric impact of the youth unemployment and general unemployment rates in Turkey with the use of monthly data between January 2005 and June 2017. For the detection of unemployment hysteria, the generalized Dickey Fuller unit root test and the Phillips Perron unit root test, which takes into account structural breakdown, have been used. The study found that youth unemployment rates had more hysteric effects than general unemployment rates. This is why the employment policies to be implemented to reduce youth unemployment will be more effective on the labour market

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