Job flows in Greece during the recent years

Theodora Kosma, Pavlos Petroulas and Evangalia Vourvachaki ()
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Evangalia Vourvachaki: Bank of Greece

Economic Bulletin, 2019, issue 49, 9-26

Abstract: In this paper we study job flows in Greece using detailed data on private sector dependent employment for 2015-2017, a period characterised by brisk employment growth. We find that during the years reviewed by our study there is a significant amount of job creation and job destruction going on at the same time. Moreover, job reallocation increases with firm size, which is at odds with findings for other countries. In terms of employee age categories, job creation is the strongest for those over 44 years old. Our regression results imply that, at the sectoral level, job creation is negatively correlated with wage growth and positively correlated with capital intensity and net firm growth. By contrast, job destruction at the sectoral level is negatively correlated with net firm growth and positively correlated with export intensity, which may reflect a creative destruction process as the Greek economy is becoming more open.

Keywords: job reallocation; sectoral analysis; employment developments (search for similar items in EconPapers)
JEL-codes: J23 J63 (search for similar items in EconPapers)
Date: 2019
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