Livanos, Ilias. (2008) The wage-local unemployment relationship in a highly regulated labour market : Greece. Regional Studies, Vol.44 (No.4). pp. 389-400. ISSN 0034-3404

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Abstract

The wage-local unemployment relationship in a highly regulated labour market: Greece, Regional Studies. Using data obtained from 80 000 employees, this paper examines the relationship between individual wages and regional unemployment in Greece. The findings highlight the dynamics of the local labour markets in a case such as Greece, where the Organisation for Economic Co-operation and Development (OECD) claims that wage flexibility is limited. This study does not find evidence that wages in Greece are rigid, but finds a wage curve elasticity of close to - 0.1, which corresponds to evidence from many counties. Interestingly, graduates are found to be the most responsive group of workers to the behaviour of local labour markets.

Item Type:	Journal Article
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor
Divisions:	Faculty of Social Sciences > Institute for Employment Research
Library of Congress Subject Headings (LCSH):	Unemployment -- Greece, Wages -- Greece
Journal or Publication Title:	Regional Studies
Publisher:	Routledge
ISSN:	0034-3404
Date:	10 October 2008
Volume:	Vol.44
Number:	No.4
Number of Pages:	12
Page Range:	pp. 389-400
Identification Number:	10.1080/00343400802251486
Status:	Peer Reviewed
Access rights to Published version:	Restricted or Subscription Access
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URI:	http://wrap.warwick.ac.uk/id/eprint/421

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