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Unemployment in Greece

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Author Info

  • Dimitri G. Demekas
  • Zenon Kontolemis G.

Abstract

The Greek unemployment rate rose from 2 percent in the 1960s to 9-10 percent in the 1990s. This reflected the increase in female participation rates, the slowdown in growth, the restructuring of production, and the increased mismatch between jobs and job seekers. But the most crucial factor was the persistence of real wage aspirations. The paper develops and tests a model that attributes this to the rapid expansion in the number of easy, life-time government jobs and the increase in the public/private wage differential during the 1980s.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 96/91.

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Length: 72
Date of creation: 01 Aug 1996
Date of revision:
Handle: RePEc:imf:imfwpa:96/91

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Cited by:
  1. Vougas, Dimitrios V., 2003. "Unemployment in Greece," Journal of Policy Modeling, Elsevier, Elsevier, vol. 25(2), pages 107-112, February.
  2. Evangelia Papapetrou & Dimitrios Bakas, 2012. "Unemployment in Greece: evidence from Greek regions," Working Papers, Bank of Greece 146, Bank of Greece.
  3. Bosworth, B. & Kollintzas, T., 2001. "Economic Growth in Greece: Past Performance and Future Prospects," Athens University of Economics and Business, Athens University of Economics and Business, Department of International and European Economic Studies 134, Athens University of Economics and Business, Department of International and European Economic Studies.
  4. Oltheten, Elisabeth & Pinteris, George & Sougiannis, Theodore, 2003. "Greece in the European Union: policy lessons from two decades of membership," The Quarterly Review of Economics and Finance, Elsevier, Elsevier, vol. 43(5), pages 774-806.

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