Structural and Cyclical Unemployment

Panagiotis E. Petrakis, Pantelis Kostis and Kyriaki I. Kafka

Chapter 3 in The Rebirth of the Greek Labor Market, 2014, pp 39-48 from Palgrave Macmillan

Abstract: Abstract Unemployment in the Greek economy has three basic sources: (a) structural unemployment resulting from changes in the international division of labor, (b) unemployment arising from reduced economic activity (demand) due to the economic recession and associated fiscal adjustment programs, and (c) unemployment resulting from structural interventions related to the fiscal and competitive adjustment program.

Keywords: Euro Area; Brain Drain; Fourth Quarter; Unemployed People; Euro Area Country (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-46082-0_3

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DOI: 10.1057/9781137460820_3

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