UNEMPLOYMENT HYSTERIA OF YOUNG WOMEN AND YOUNG MEN IN TURKEY

Abstract

Today, employment is one of the most important issues of macroeconomics, which is closely related to all world economies. The first agenda item for employment is unemployment. According to its types, unemployment deeply affects developed or developing economies. Socialization of a society, increase in education level, technological progress and political structure are related to unemployment. In this research, the hysteresis effect of unemployment rates among young men and women in Turkey was studied by using monthly data between January 2014 and January 2022. Unemployment hysteria, which Blanchard and Summers discussed for the first time in 1986, is the situation in which unemployment rates rise in the face of shocks in the country's economies such as crises, natural disasters, pandemics etc. and unemployment rates do not return to their original state after the shock is over. By applying the Phillips Perron unit root test, which takes into account structural breaks in the research, it has been concluded that unemployment rates for young women have more hysteria than unemployment rates for young men. It is anticipated that this research will shed light on young women who want to participate in active working life in Turkey with the policies to be proposed.