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Job flows in Greece during the recent years

Author

Listed:
  • Theodora Kosma

    (Bank of Greece)

  • Pavlos Petroulas

    (Bank of Greece)

  • Evangelia Vourvachaki

    (Bank of Greece)

Abstract

In this paper we study job flows in Greece using detailed data on private sector dependent employment for 2015-2017, a period characterised by brisk employment growth. We find that during the years reviewed by our study there is a significant amount of job creation and job destruction going on at the same time. Moreover, job reallocation increases with firm size, which is at odds with findings for other countries. In terms of employee age categories, job creation is the strongest for those over 44 years old. Our regression results imply that, at the sectoral level, job creation is negatively correlated with wage growth and positively correlated with capital intensity and net firm growth. By contrast, job destruction at the sectoral level is negatively correlated with net firm growth and positively correlated with export intensity, which may reflect a creative destruction process as the Greek economy is becoming more open.

Suggested Citation

  • Theodora Kosma & Pavlos Petroulas & Evangelia Vourvachaki, 2019. "Job flows in Greece during the recent years," Economic Bulletin, Bank of Greece, issue 49, pages 9-26, July.
    • Handle: RePEc:bog:econbl:y:2019:i:49:p:9-26
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    File URL: https://www.bankofgreece.gr/BogEkdoseis/econbull201907.pdf
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    More about this item

    Keywords

    job reallocation; sectoral analysis; employment developments;
    All these keywords.

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs

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