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Did the economic adjustment programmes deliver wage flexibility in Greece?

Laliotis, Ioannis (2019) Did the economic adjustment programmes deliver wage flexibility in Greece? GreeSE Papers (141). LSE London, London School of Economics and Political Science, London, UK.

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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.

Item Type: Monograph (Discussion Paper)
Official URL: http://www.lse.ac.uk/Hellenic-Observatory/Publicat...
Additional Information: © 2019 The Author
Divisions: Hellenic Observatory
Subjects: H Social Sciences > HG Finance
J Political Science > JN Political institutions (Europe)
Date Deposited: 27 Nov 2019 12:27
Last Modified: 18 Sep 2020 23:07
URI: http://eprints.lse.ac.uk/id/eprint/102653

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