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Google圖書搜尋
Labour Market Adjustments and Reforms in Greece During the Crisis
Theodora Kosma
Evangelia Papapetrou
Georgia Pavlou
Christina Tsochatzi
Pinelopi Zioutou
其他書名
Microeconomic Evidence from the Third Wave of the Wage Dynamics Survey
出版
SSRN
, 2022
URL
http://books.google.com.hk/books?id=hR_izwEACAAJ&hl=&source=gbs_api
註釋
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.
