Between a rock and a hard place: social partners and reforms in the wage- setting system in Greece under austerity

Horen Voskeritsian, Michail Veliziotis, Panos Kapotas and Andreas Kornelakis

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: The paper focuses on the reforms in the wage-setting system in Greece in the context of a severe recession and against the backdrop of EU bailout agreements.The analysis reveals that the reforms are also contested among key actors, and that the fault lines between social partners are not fully consistent with the notion of a binary pro-reform (from business associations) vs. anti-reform stance (from labour associations). Instead, our interview data expose hitherto hidden fractures in the employers’ camp. Employers’ representatives express –in varying degrees– their scepticism towards the efficacy of the institutional changes and generally towards technocratic solutions. More broadly this analysis reflects on the contested and controversial nature of the policy reforms on wage setting, for which there is no consensus either in the academic or policy literature, and delves deeper into the views and perspectives of key actors on the efficacy and consequences of the main institutional changes in wage setting

Keywords: social partners; wage setting system; reforms; Greece; austerity; crisis (search for similar items in EconPapers)
JEL-codes: N0 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2017-09
New Economics Papers: this item is included in nep-eec and nep-hme
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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http://eprints.lse.ac.uk/84540/ Open access version. (application/pdf)

Related works:
Working Paper: Between a Rock and a Hard Place: Social Partners and Reforms in the Wage- Setting System in Greece under Austerity' (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:84540

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