Download or read book Labour Market Adjustment and Labour Market Reforms in Greece During the Crisis written by Theodora Kosma and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recession that followed the global financial crisis and the sovereign debt crisis resulted in large falls in output and rises in unemployment across Europe. In this context, many countries implemented significant reforms of their labour market. In order to analyse the impact of labour market reforms and investigate how firms adjusted to the shocks affecting them, the European System of Central Banks (ESCB) conducted a third wave of the Wage Dynamics Network survey in 2014-2015. This paper describes the main findings of the Greek survey. The results show that the decline in economic activity, during the period 2010-2013, had a significant negative impact on Greek firms' activity. Greek firms reacted to shocks by adjusting both labour input and wages, and reforms seem to have made it easier for this adjustment to take place.

Download or read book Labour Market Adjustments and Reforms in Greece During the Crisis written by Theodora Kosma and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recession that followed the global financial crisis and the sovereign debt crisis resulted in large falls in output and rises in unemployment across Europe. In this context, many countries implemented significant reforms of their labour market. In order to analyse the impact of labour market reforms and, in particular, to investigate, how firms adjusted to the shocks affecting them, the European System of Central Banks (ESCB) conducted a third wave of the Wage Dynamics Network (WDN3) survey in 2014-15. This paper describes the main findings of the Greek WDN3 survey. The results show that the decline in economic activity, during the period 2010-2013, had a significant negative impact on Greek firms' activity. Greek firms reacted to the shocks affecting them by adjusting both labour input and wages and reforms seem to have made it easier for this adjustment to take place.

Download or read book Labour Market Adjustment in Europe During the Crisis written by Theodora Kosma and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the backdrop of continuing adjustment in EU labour markets in response to the Great Recession and the sovereign debt crisis, the European System of Central Banks (ESCB) conducted the third wave of the Wage Dynamics Network (WDN) survey in 2014-15 as a follow-up to the two previous WDN waves carried out in 2007 and 2009. The WDN survey collected information on wagesetting practices at the firm level. This third wave sampled about 25,000 firms in 25 European countries with the aim of assessing how firms adjusted wages and employment in response to the various shocks and labour market reforms that took place in the European Union (EU) during the period 2010-13. This paper summarises the main results of WDN3 by identifying some patterns in firms' adjustments and labour market reforms. It seeks to lay out the main lessons learnt from the survey in terms of both the general response of EU labour markets to the crisis and how these responses varied across the countries that took part in the survey.

Download or read book Greek Employment Relations in Crisis written by Horen Voskeritsian and published by Routledge. This book was released on 2019-03-14 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Greece’s economy and society have undergone important structural changes in recent years as a result of the financial crisis and consequent austerity policies that have been implemented. The Greek labour market and employment relations system have been subject to immense pressures, leading to fundamental changes both in the structure of institutions and in the behaviour of the main employment relations actors. The present volume constitutes a first attempt to appreciate the consequences of a decade of austerity politics on the Greek labour market. Offering a multidisciplinary perspective and building on original research by leading Greek scholars in the fields of labour economics, employment relations and the sociology of work, it will discuss the impact of the crisis and the resulting policies on the Greek labour market and employment relations. This volume will be of interest to policy makers, researchers and students interested in the past, present and future of Greek employment relations and the impact of austerity on Greece.

Download or read book The Political Economy of Labour Market Reforms written by Özgün Sar?mehmet Duman and published by Springer. This book was released on 2014-11-12 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Duman examines the transition from Keynesianism to monetarism by presenting an analysis of labour market reforms in Greece and Turkey - questioning the role of class struggle on the implementation process. She also scrutinises the influence of the global economic crisis and the execution of reform policies in these two countries.

Download or read book Crisis Reform and the Way Forward in Greece written by Calliope Spanou and published by Routledge. This book was released on 2021-08-24 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume discusses different aspects of Greece’s political economy during the past decade and reflects on the country’s path ahead, examining the major question: did this challenging period succeed in providing a window of opportunity for deeper institutional and societal change? The authors seek to contribute to the discussion of the dynamics of stability and change, of the nexus between external pressure and domestic agency. Greece offers a most interesting case study, as much in analytical as in empirical terms. Never before did a euro area member require three macroeconomic adjustment programmes under stringent policy conditionality and external supervision. This experience shattered past certainties and reshaped the political landscape. A decade later Greece was starting to recover and received international recognition for its reform efforts. However, the COVID-19 pandemic provided an external shock that risks derailing such achievements. The volume includes chapters by academics and researchers from different professional backgrounds: history, economics, public law, political science, public administration and political economy. Their diverse experience and viewpoints contribute to multidimensional analyses in subject areas such as Greece’s constitutional structure, public sector reforms, labour market developments, China’s expanding investment footprint and product market reforms.

Download or read book The Private Sector Greek Labour Market During the Crisis written by Costas N Kanellopoulos and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article examines the effects of the economic crisis and the institutional reforms undertaken in the Greek private sector labour market using Social Security Fund (IKA) data. The data used are classified by the number of insured employees, their wages as well as the number of active firms. The number of employees and the number of firms have been trending downwards since the summer of 2008, with the trend intensifying particularly in 2011 and 2012. However, since January 2013 a recovery has been recorded. The latter changes appear to partly reflect the effect of the labour market reforms implemented during the crisis. The evolution of the variables examined shows that if wage adjustment had been implemented earlier, the employment losses or equivalently the size and duration of unemployment may not have been so high.

Download or read book Evaluating the Impact of Labour Market Reforms in Greece During 2010 2018 written by George Gatopoulos and published by . This book was released on 2021 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: In view of long-standing weaknesses in Greece's labour markets, several labour market reforms were implemented during the economic adjustment programmes with two objectives. Firstly, to support the economy's adjustment through more flexible labour markets and secondly, to enhance gains in cost competitiveness. In relation to their objectives, we find evidence that reforms largely fulfilled the second objective and partially the first, albeit left mostly unaddressed some of the long-standing weaknesses, such as low participation rate and high tax wedge. The analysis is backed by two distinct but complementary approaches. From a micro-founded analysis, while the 2014 reduction in social security contributions positively affected incentives for official sector labour participation, those appear to have decreased cumulatively during the overall programme period. From a top-down macroeconomic perspective, findings suggest that Greece's 2012 labour market reforms had a positive impact on reducing the Unit Labour Cost (ULC), increasing the use of flexible forms of employment, slowing down unemployment rate dynamics and slightly accelerating employment growth trends. At the same time, it appears that the 2012 reforms did not improve labour participation rates, while they increased average working hours and inequality.

Download or read book Austerity Based Labour Market Reforms in Greece V Fundamental Rights in the Aftermath of the European Debt Crisis written by Nikolaos A. Papadopoulos and published by . This book was released on 2020 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent debt crisis in Europe has resulted in a significant number of structural reforms implemented in EU Member States across various fields, including the labour market, either in the context of the bailout mechanisms or the EU Economic Governance framework. This development has provoked fundamental rights concerns and has consequently given rise to legal mobilization strategies that put austerity reforms under the test of legality before supranational and national competent bodies. However, the jurisprudence that has developed in that regard seems incoherent and shows real differences in approach. This study analyzes the paths of judicial reasoning that supranational and Greek bodies have adopted in fundamental rights cases challenging austerity-based labour market reforms implemented in Greece during the European Debt Crisis. It concludes that different paths of reasoning have been adopted, which could even be regarded as conflicting at several instances, reflecting in that way the well-known particularities and discrepancies of fundamental rights protection in Europe and the conflicting relationship of fundamental (social) rights with economic and fiscal considerations imposed by austerity in times of crisis and beyond.

Download or read book Greece and the Troika lessons from International Best Practice Cases of Successful Price and Wage Adjustment written by Ansgar Belke and published by . This book was released on 2017 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews cases of successful price and wage adjustment, which are often regarded as constituting best practice, in Australia, Latvia and the German new states and contrasts them with the Greek experience under the Troika programmes. Latvia stands out as having had the quickest adjustment in wages. By contrast, before the crisis, Greek wages appeared to have been largely insensitive to labour market conditions but this changed with the programme. We find that the reaction of wages to unemployment in Greece under the programme was similar to that observed in Germany and Portugal (a case that has attracted less attention). A priori, it is likely that the change in wage behaviour in Greece was due to the labour market reforms imposed under the programme. But this cannot be proven beyond doubt.

Download or read book The Labor Market and Economic Adjustment written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1995-11-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.

Download or read book The Dark Side of the Labour Market written by Horen Voskeritsian and published by . This book was released on 2020 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent scholarly work has shifted its attention from the prevalence of the shadow economy in less developed country contexts, towards an examination of the incidence of undeclared work within developed European economies. However, little is known about the interaction between institutional changes and their interplay with the informal sector of the labor market. This study attempts a first empirical examination of the incidence and prevalence of undeclared work in the case of Greece during the economic recession. It unpacks the different manifestations of this phenomenon, namely, the under-declaration of employment, the false declaration of employment and the non-payment of wages or salaries. It is argued that the state and civil morality framework as well as the changing power dynamics in the labor market can help explain to a large extent the prevalence and proliferation of undeclared work during the crisis.

Download or read book Modeling Economic Growth in Contemporary Greece written by Vasileios Vlachos and published by Emerald Publishing Limited. This book was released on 2021-11-04 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modeling Economic Growth in Contemporary Greece assesses the conditions shaping the Greek economy's restart, discussing the effect of institutions on the business environment and highlighting the factors which are critical for achieving sustainable economic growth.

Download or read book Labour Market Studies written by Athena Petraki Kottis and published by Official Publications of European Communities. This book was released on 1997 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1. Labour market analysis and forecats - 2. Labour market institutions - 3.Labour market legislation - 4. Labour market policies - 5. Issues of national debate and policy perspectives.

Download or read book Evaluating the Effects of the Structural Labour Market Reforms on Collective Bargaining in Greece written by Aristea Koukiadaki and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In assessing the impact at firm, sectoral and cross-sectoral level the report seeks to identify what arrangements can be compatible with the goals of promoting sustainable and inclusive growth. Methodologically, the report has been compiled by relying on a number of tested deskbased and empirical research tools utilizing published quantitative data, mining our existing qualitative data and conducting new empirical research in the service sector. The report builds on a legal analysis of primary and secondary sources, a state-of-the-art review of economics and comparative industrial relations research, a quantitative (descriptive) analysis of collective agreements, analysis of interview data with key informants plus documentary material at sectoral/occupational level, and original casestudy evidence at company level. In parts, the report relies on and updates research already conducted by the team on the crisis-related measures affecting labour market regulation and their potential implications for joint regulation via collective bargaining.

Download or read book The Financial Crisis in Greece and Its Impact on Labour Market written by and published by . This book was released on 2012 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Labour Market Adjustments During the Crisis and the Role of Flexibility written by Vassilis Monastiriotis and published by . This book was released on 2018 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Research Note seeks to analyse how these diverse country experiences played out in the labour markets of the 28 countries of the European Union. To do so, it relies on a novel application of a standard micro-econometric technique, which allows to ‘decompose’ temporal changes in unemployment into two broad components: one which concerns mainly the workings of the labour market (specifically, the mix of skills and other individual characteristics that are present in the labour market and the economic significance of these for sorting individuals between employment and unemployment); and one which captures wider influences onto the labour market, including ones that may be related to financial, fiscal and other macroeconomic and institutional factors. Based on this decomposition, it offers an analysis of how the ‘external shock’ (second component) and ‘internal adjustment’ (first component) shaped the overall unemployment evolutions in each of the 28 countries of the EU across different sub-periods – from a few years before the eruption of the global financial crisis (2004) until the recent recovery (2016). As a further piece of analysis, the Research Note examines the changes in non-standard (part-time and temporary) and atypical employment (irregular hours, shift-working) during the same period, trying to see how changes in these forms of ‘flexible labour’ may correlate to the aggregate changes in unemployment as well as to its components as identified here. The analysis reveals significant variations across countries across a number of dimensions: the extent of exposure to the negative shock of the crisis; the timing and duration of the shock; the degree and pace of recovery afterwards; and, most importantly, the extent and type of labour market adjustments in relation to positive and negative shocks. Specifically, - in the period of the crisis, a large number of countries exhibited significant adjustment to the economic shock, which was predominantly driven by changes in how individual characteristics contributed to an individual’s probability of unemployment (intensified employment sorting); - still, in a minority of countries this type of adjustment (employment sorting) worked in the opposite direction, intensifying the unemployment change experienced; - in the post-crisis period adjustment dynamics became more diverse, with a larger group of countries exhibiting adverse adjustments and with overall unemployment following different dynamics across countries; - in all cases, adjustment dynamics seem to correlate only weakly to changes observed in non-standard and atypical employment (and thus to the overall extent of what can be called as ‘effective labour market flexibility’ – Monastiriotis and Tinsley, 2007), while types of adjustment seem to cut across different welfare regimes and ‘varieties’ of capitalism.