International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

The Effects of Structural Transformations in Economy on Labor Markets: the Case of OECD Countries*
Oytun Mecik, Muharrem Afsar

In this study the effects of the structural transformation in economy of OECD countries on the labor markets are analyzed by using the panel data models. Findings indicate that there are significant effects of structural transformations in economy on labor markets as the increasing labor productivity has negative effect on the employment in economy. Another finding is that the increase in the labor productivity and specialization affects the long term unemployment rate in the direction of increase.

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