Turkey : Recent Economic Developments and Selected Issues »
Journal Issue
Volume/Issue: 1998/104
Series: IMF Staff Country Reports
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 October 1998
DOI: http://dx.doi.org/10.5089/9781451838008.002
ISBN: 9781451838008
Keywords: pension, payments, prices, retirement, credit
This paper reviews economic developments in Turkey during 1994-97. Real wages increased rapidly during 1989-93, dropped sharply in 1994-95, and have since recovered modestly. Real wage flexibility stems in part fro...