2019
DOI: 10.2139/ssrn.3693974
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The Dark Side of the Labour Market: Institutional Change, Economic Crisis and Undeclared Work in Greece during the Crisis

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“…Undoubtedly, these marketization objectives underlie the ‘internal devaluation’ policy and have been politically laden and highly controversial. Indeed, the empirical evidence is at best inconclusive, as recent research has shown that the trajectory of the real value of the NMW in Greece was, in general, aligned with productivity increases (Voskeritsian et al, 2017), and that the impact of the NMW on employment has had no systematic (positive or negative) effects (Georgiadis et al, 2018).…”
Section: Marketization Labour Markets and Employers’ Associations In ...mentioning
confidence: 99%
“…Undoubtedly, these marketization objectives underlie the ‘internal devaluation’ policy and have been politically laden and highly controversial. Indeed, the empirical evidence is at best inconclusive, as recent research has shown that the trajectory of the real value of the NMW in Greece was, in general, aligned with productivity increases (Voskeritsian et al, 2017), and that the impact of the NMW on employment has had no systematic (positive or negative) effects (Georgiadis et al, 2018).…”
Section: Marketization Labour Markets and Employers’ Associations In ...mentioning
confidence: 99%
“…Amongst the latter, Kennedy (2018) finds that the rise of involuntary part-time and temporary employment represents a form of hidden unemployment, one that neither protects workers from in-work poverty nor from formal unemployment. In parallel, Voskeritsian et al (2019) highlight another role that underemployment plays: providing cover for bogus full-time employment within which the worker either is forced to provide unpaid overtime labour or in which s/he receives part of her/his wage informally. Lastly, Grekousis and Gialis (2019) note that underemployment has dire impacts upon productivity, furthering labour market deterioration.…”
Section: Introductionmentioning
confidence: 99%