Human Capital Supply

Panagiotis E. Petrakis and Kyriaki I. Kafka

Chapter 4 in The Rebirth of the Greek Labor Market, 2014, pp 49-64 from Palgrave Macmillan

Abstract: Abstract An intensely troubling global phenomenon is that while demand for low-skilled personnel exceeds the available supply, this demand for low-skill personnel cannot absorb the surplus working population (McKinsey Global Institute 2012). The situation in Greece exemplifies this problem, since Greece has the highest percentage of overqualified personnel (26%) among the countries of the European Union (EU). This fact combined with the consequences of the global financial crisis has led to skyrocketing unemployment levels globally, as well as in Greece.

Keywords: Labor Market; European Union; Euro Area; Tertiary Education; Youth Unemployment (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_4

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DOI: 10.1057/9781137460820_4

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