A socioeconomic evaluation of austerity and labour market reforms in Greece after the 2008 crisis

Iris Nikolopoulou
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Iris Nikolopoulou: LADYSS - Laboratoire Dynamiques Sociales et Recomposition des Espaces - UP1 - Université Paris 1 Panthéon-Sorbonne - UP8 - Université Paris 8 Vincennes-Saint-Denis - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique - UPCité - Université Paris Cité

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Abstract: The Greek crisis of 2009, which was triggered by the wider global and European crisis, pointed out the long-standing weaknesses of Greece's accumulation regime. During the period of 2010-2018, several labour market reforms were applied, as part of the economic adjustment programme that accompanied the financial assistance provided to the country. The aim of the reforms was to increase productivity, enhance competitiveness and reinforce Greece's economic model. These reforms led to the deregulation of labour market, the establishment of flexible forms of employment and the introduction of a new institutional frame in the wage-setting mechanisms. The present work seeks to evaluate these labour market reforms, by comparing their efficiency in achieving their aims to the social and economic cost that they created.

Keywords: Greece; economic crisis; austerity; labour market reforms; internal devaluation Grèce (search for similar items in EconPapers)
Date: 2022-02
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