Labour Market Adjustments and Reforms in Greece During the Crisis: Microeconomic Evidence from the Third Wave of the Wage Dynamics Survey

Κοσμά, Θεοδώρα; Papapetrou, Evangelia; Pavlou, Georgia; Tsochatzi, Christina; Zioutou, Pinelopi

doi:10.2139/ssrn.4192709

Cited by 4 publications

(2 citation statements)

References 3 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…According to the European Parliament report (Karantinos, 2013, p. 13) "...the Greek labor market, one of the most regulated and rigid markets in the EU, has been transformed within just three years, to one of the most flexible labor markets of the EU…". The emphasis has been on the wage policies in the public sector, reforming the way the minimum wage is set and moving away from multi-layered collective bargaining (Kosma et al, 2017;Lyberaki et al, 2017). In other words, a new minimum wage is set by law (lower by 22 per cent and 32 per cent for the age group under 25 years old).…”

Section: Labor Market Duality Inmentioning

confidence: 99%

Employee Trust in Management: Evidence from the Greek Private and Public Sectors

Vlachos,

Anagnostopoulos

2023

Symphonya. Emerging Issues in Management

View full text Add to dashboard Cite

In contrast to the vast literature on trust in management, the aspect of employee trust towards managers in Greece is still under researched. This paper aims to fill this gap by exploring the factors which determine employee trust towards managers in the case of the Greek dual labor market. Primary data collected through a questionnaire survey of employees are explored in a model where employee and workplace characteristics and employee’s experiences of economic depression are predictors of employee trust towards managers. The analysis of two different samples "public sector with workplace representation" and "private sector without workplace representation" allow for inferences and conclusions about the effects of the duality of the Greek labor market on employee trust towards managers. The results indicate differences in the effects of age, workplace tenure and hours worked on employee trust in management between public sector employees (trade union members) and private sector employees (not being members).

show abstract

Section: Labor Market Duality Inmentioning

confidence: 99%

Employee Trust in Management: Evidence from the Greek Private and Public Sectors

Vlachos,

Anagnostopoulos

2023

Symphonya. Emerging Issues in Management

View full text Add to dashboard Cite

show abstract

“…The cost of the adjustment programme, in terms of output and unemployment losses, has been immense, as GDP dropped by almost 25% and unemployment rate soared to 27.5%. Further significant labour market reforms were introduced that included, among others, measures to decentralize the wage bargaining system, reduce employment protection by lowering firing costs and increase working time flexibility (Kosma et al 2017 ; Papapetrou and Tsalaporta 2021 ). Moreover, Greece is a medium-sized economy heavily dependent on oil and more vulnerable than other economies to changes in the international oil market.…”

Section: Introductionmentioning

confidence: 99%

Oil prices, labour market adjustment and dynamic quantile connectedness analysis: evidence from Greece during the crisis

Palaios

Papapetrou

2022

Economic Structures

View full text Add to dashboard Cite

This paper examines the spillover effects transmission mechanism between oil prices, oil price uncertainty and oil price volatility on labour market in Greece, using static and dynamic quantile connectedness methodology (Diebold and Yilmaz Diebold and Yilmaz, Int J Forecast 28:57–66, 2012; Ando et al. Ando T, Greenwood-Nimmo N, Shin Y (2018) ‘Quantile connectedness: Modelling tail behavior in the topology of financial networks’, Working Paper. https://ssrn.com/abstract=3164772.). There is empirical evidence that the oil price variable is the most influential node of the energy variables on hirings and firings, suggesting the endogeneity of the labour market variables. Rolling estimation analysis based on the quantile VAR to capture the volatility spillovers across the whole conditional distribution shows a large variation of the total connectedness index, which is responsive to exogenous adverse and beneficial shocks. Further, our results point to a strong effect due to the COVID-19 pandemic and the state intervention to sustain the pandemic on the labour market. Overall, the analysis reveals a substantial higher time-varying connectedness of the system at the tails of the distribution, indicating that changes in energy markets asymmetrically affect the Greek labour market in recessionary and flourishing states of the economy, rather than normal times.

show abstract

Macroeconomic Implications of Reforms

2020

Economic Growth and Structural Reforms in Europe

View full text Add to dashboard Cite

Labour Market Adjustments and Reforms in Greece During the Crisis: Microeconomic Evidence from the Third Wave of the Wage Dynamics Survey

Cited by 4 publications

References 3 publications

Employee Trust in Management: Evidence from the Greek Private and Public Sectors

Employee Trust in Management: Evidence from the Greek Private and Public Sectors

Oil prices, labour market adjustment and dynamic quantile connectedness analysis: evidence from Greece during the crisis

Macroeconomic Implications of Reforms

Contact Info

Product

Resources

About