Long-term Unemployment in Greece: developments, incidence and composition

Theo Mitrakos and Daphne Nicolitsas

Economic Bulletin, 2006, issue 27, 7-41

Abstract: The duration of unemployment spells in Greece is investigated by looking at developments over time and by estimating duration models for unemployed men using data from the 2005 Greek Labour Force Survey (LFS). The prolongation of spells since the 1990s reflects the rise in the overall unemployment rate and the increased probability of transition from short-term to long-term unemployment. The limited number of new jobs, due inter alia to the stringent regulatory environment in product and labour markets, might be contributing to the differences in the percentage of long-term unemployment between Greece and the EU-15. Estimates of duration models suggest that older individuals with no previous work experience, in high-unemployment regions are more likely to experience longer unemployment spells while education appears to differentiate the length of spells amongst younger individuals. There is some tentative evidence of positive duration dependence in the first few months of the spell, which, however, turns negative as the spell continues.

Keywords: unemployment; long-term unemployment; duration models (search for similar items in EconPapers)
JEL-codes: C41 J64 (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (35)

Downloads: (external link)
https://www.bankofgreece.gr/en/publications/pdf/econbull200607.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bog:econbl:y:2006:i:27:p:7-41

Access Statistics for this article

Economic Bulletin is currently edited by Dimitris Malliaropulos

More articles in Economic Bulletin from Bank of Greece Contact information at EDIRC.
Bibliographic data for series maintained by Anastasios Rizos ().