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Did the Economic Adjustment Programmes Deliver Wage Flexibility in Greece?

Ioannis Laliotis ()

GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe from Hellenic Observatory, LSE

Abstract: After a period of sequential economic adjustment programmes, recent data show that wages remain irresponsive to local labour market conditions in Greece. Although there is evidence of a weak crosssectional wage curve, it disappears when individual fixed effects are introduced. Despite the extensive labour market reforms, more emphasis to the decentralisation of the wage setting process is needed.

Keywords: Wage Curve; Reforms; Greece (search for similar items in EconPapers)
Date: 2019-10
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Working Paper: Did the economic adjustment programmes deliver wage flexibility in Greece? (2019) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:hel:greese:141

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