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The impact of minimum wages on wages and employment: evidence from Greece

Georgiadis, Andreas, Kaplanis, Ioannis and Monastiriotis, Vassilis (2018) The impact of minimum wages on wages and employment: evidence from Greece. GreeSE Papers (131). Hellenic Observatory, European Institute, London, UK.

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Abstract

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.

Item Type: Monograph (Discussion Paper)
Official URL: http://www.lse.ac.uk/Hellenic-Observatory
Additional Information: © 2018 The Authors
Divisions: Hellenic Observatory
Subjects: D History General and Old World > DF Greece
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
Sets: Research centres and groups > Hellenic Observatory
Collections > GreeSE: Hellenic Observatory papers on Greece and Southeast Europe
Date Deposited: 18 Jan 2019 15:11
Last Modified: 06 Mar 2019 00:04
URI: http://eprints.lse.ac.uk/id/eprint/91959

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