Greece after the Bailouts: The Impact of Minimum Wages on Wages and Employment: Evidence from Greece
Ioannis Kaplanis and
GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe from Hellenic Observatory, LSE
This paper investigates the impact of minimum wages on wages and employment in Greece between 2009 and 2017. Our main contribution is the examination of the effects of minimum wages under a dramatically changing context, as during this period Greece has experienced the deepest recession in its recent history, extensive labour market reforms, and several changes in the minimum wage, including a large decrease. Employing a unique administrative panel matched employer-employee data set and a range of estimators, such as difference-in-differences, fixed effects, and Instrumental Variables, we find that minimum wages have a positive and significant effect on individual and firm-level wages with significant positive wage spill-overs extending, sometimes, above the median wage, but no systematic employment effects.
Keywords: Minimum Wage; Wages; Employment (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://www.lse.ac.uk/Hellenic-Observatory/Assets/D ... ers/GreeSE-No131.pdf (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:hel:greese:131
Access Statistics for this paper
More papers in GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe from Hellenic Observatory, LSE Contact information at EDIRC.
Bibliographic data for series maintained by Vassilis Monastiriotis ().