The Financial Crisis, Labor Market Transitions and Earnings: A Gendered Panel Data Analysis for Serbia
47 Pages Posted: 4 Dec 2011
Abstract
While results are starting to emerge, not much is known yet about the dynamics of the labor markets of the former Eastern economies, especially in the context of the current Financial Crisis. Arguably, this is mainly due to paucity of (panel) data. By examining labor market transitions, earnings levels, and earnings growth and their correlates using a recent panel data set for Serbia, this paper combines both of these issues. Estimation of gross transition probabilities reveals that females are disadvantaged in the Serbian labor market in terms of moving out of the two undesirable states, unemployment and economic inactivity, relative to males during the first year of the financial crisis – though males are harder hit than females in terms of the levels of unemployment. In terms of earnings, the picture is reversed, with females being worse off in terms of the levels of earnings, while they have experienced somewhat smaller earnings decreases than males (though, owing to the gender earnings gap, from a much lower base). Multinomial logit estimations of employment, unemployment, and inactivity transitions and OLS regressions of earnings and earnings growth reveal substantial gender differences related to individual, job, and firm characteristics. The overall results therefore hint at both males and females being hit in terms of employment and earnings, though in different ways. Finally, the paper discusses policy implications and provides suggestions for further research.
Keywords: financial crisis, gender, labor market flows, transition probabilities, earnings growth, panel data, Serbia
JEL Classification: I31, J2, J24, J6
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
Determinants of School Attainment of Boys and Girls in Turkey
By Aysit Tansel
-
Inter-Country Comparisons of Labor Force Trends and of Related Developments: an Overview
By Jacob Mincer
-
By Aysit Tansel
-
General Versus Vocational High Schools and Labor Market Outcomes in Turkey
By Aysit Tansel
-
Effect of Private Tutoring on University Entrance Examination Performance in Turkey
By Aysit Tansel and Fatma Bircan Bodur
-
'Brain Drain' from Turkey: Survey Evidence of Student Non-Return
By Aysit Tansel and Nil Demet Gungor
-
Unemployment and Transitions in the Turkish Labor Market: Evidence from Individual Level Data
By H. Mehmet Tasci and Aysit Tansel
-
Unemployment and Transitions in the Turkish Labor Market: Evidence from Individual Level Data
By H. Mehmet Tasci and Aysit Tansel
-
Private Supplementary Tutoring in Turkey Recent Evidence on its Various Aspects
By Aysit Tansel and Fatma Bircan Bodur
-
Private Supplementary Tutoring in Turkey: Recent Evidence on its Various Aspects
By Aysit Tansel and Fatma Bircan Bodur