Did the economic adjustment programmes deliver wage flexibility in Greece?

Laliotis, Ioannis (2019) Did the economic adjustment programmes deliver wage flexibility in Greece? [Working paper]

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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
Keywords	wage curve, reforms, Greece
Departments	Hellenic Observatory
Date Deposited	27 Nov 2019 12:27
URI	https://researchonline.lse.ac.uk/id/eprint/102653

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Laliotis, Ioannis

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