Did the economic adjustment programmes deliver wage flexibility in Greece?

Laliotis, I. (2019). Did the economic adjustment programmes deliver wage flexibility in Greece? (GreeSE Papers 141). London School of Economics and Political Science.
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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 Working paper
Copyright holders © 2019 The Author
Departments LSE > Research Centres > Hellenic Observatory
Date Deposited 27 Nov 2019
URI https://researchonline.lse.ac.uk/id/eprint/102653

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