What drives wage differentials in Greece: workplaces or workers?
Theodora Kosma (),
Pavlos Petroulas () and
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Evangelia Vourvachaki: Bank of Greece
Economic Bulletin, 2020, issue 52, 69-72
Using a micro-aggregated dataset that contains gross wages as well as employer and employee characteristics, we investigate whether observed wage differentials in Greece reflect mostly the underlying variation in employer characteristics, i.e. the structure of the Greek production, or worker and job characteristics. Our results show that both employer and worker characteristics are important contributors to the observed wage dispersion of full-time private sector jobs in Greece. Occupation and workplace effects alone explain around 52% of the overall wage vari-ation in Greece. An additional 11% is explained by controlling for the impact of workplace-occu-pation matching. Other observable characteristics of the workers such as age, gender and type of job contract add up to 23.5% more explanatory power. Finally, our results also show that both the observed gender and contract type wage gaps are more prevalent among high-skilled occu-pations, acting thus as a disincentive to the acquisition of skills.
Keywords: wage differentials; micro-aggregated data; wage gap (search for similar items in EconPapers)
JEL-codes: C20 J31 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:bog:econbl:y:2020:i:52:p:69-72
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