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Article Citation - WoS: 4Household Structure and Household Income and Its Components Over the Life-Cycle in Turkey(Bilgesel Yayincilik San & Tic Ltd, 2013) Cilasun, Seyit Mumin; Kirdar, Murat GurayIn this study, using the 2003 Turkish Household Budget Survey, we investigate the life-cycle profiles of household income and its components by educational attainment, compare these profiles with those reported for various developed and developing countries, and interpret our findings within the life-cycle framework. A key aspect of our analysis is that we examine the link between household structure and household income over the life-cycle. The main finding of the study is that household income profiles conditional on educational attainment in Turkey are non-decreasing and quite flat over the life-cycle. This is in stark contrast to the hump-shaped household income profiles reported for developed countries. There are three main reasons for this fact in Turkey: i) multiple families live together in the same household, especially when the household head is very young or old, and many single adult children who are employed live in their parents' households. In other words, household formation helps to smooth income. ii) Many household heads are still employed at end of their life-cycle, especially among the less-educated. iii) Pension income levels, for those who are qualified for them, are relatively high compared to other components of income.Article Citation - WoS: 10A Cross-Sectional Analysis of Income, Consumption and Saving Behavior of Turkish Household(Bilgesel Yayincilik San & Tic Ltd, 2009) Cilasun, Seyit Muemin; Kirdar, Murat GuerayA cross-sectional analysis of income, consumption and saving behavior of Turkish household This paper investigates the age profiles of income, consumption and saving of Turkish households, compares them to the profiles reported for various developing and developed countries, and evaluates the results within a life-cycle theory framework. These life-cycle profiles are constructed for separate income quartiles and education groups as well as for the whole population. It is crucial to understand the consumption and saving behavior of different income groups in Turkey due to the high level of income inequality. As current income could be affected by temporary income shocks, we use educational attainment level as an instrument for permanent income in analyzing the relationship between income and consumption/saving. Furthermore, the age profiles presented in this study provide us information as to how savings may evolve in the future as a result of changing demographic conditions. In the second part of the study, cross-section profiles of income, consumption, and saving from 2002 to 2006 are compared to see how these profiles have evolved over time.
