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The net social wage in greece 1958-95

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  • Thanasis Maniatis

Abstract

The object of this paper is to assess the net distributive impact of state expenditures and revenues on labour income in Greece for the 1958-95 period. This effect is measured by the net social wage defined as the difference between the total benefits received by labour from state spending and the labour taxes. We also discuss certain issues related to the empirical methodology employed in the present and similar studies and the way its inconsistent use has affected inter-country comparisons of the net social wage in the literature. Our empirical findings for Greece indicate that for the entire period no redistribution of income in favour of labour has taken place via the actions of the state. The average net social wage is very close to zero even though during the last decade we observe an increasing involvement of the state in the reproduction of labour. The positive net social wage of the few recent years coincided with high public deficits and appears to be a result of slow growth, high unemployment rates and compensation for the adverse developments for labour in the market distribution of income.

Suggested Citation

  • Thanasis Maniatis, 2003. "The net social wage in greece 1958-95," International Review of Applied Economics, Taylor & Francis Journals, vol. 17(4), pages 377-398.
    • Handle: RePEc:taf:irapec:v:17:y:2003:i:4:p:377-398
    DOI: 10.1080/0269217032000118738
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    Cited by:

    1. Ioannidis, Yiorgos, 2013. "The peculiar distributional character of the Greek taxation system (1995‐2008) and the reform that never took place," MPRA Paper 52121, University Library of Munich, Germany.
    2. Ioannidis, Yiorgos, 2015. "The political economy of the distributional character of the Greek taxation system (1995–2008)," MPRA Paper 64033, University Library of Munich, Germany.
    3. Vlassis Missos, 2021. "Introducing a Safety Net: The Effects of Neoliberal Policy on Welfare, Poverty, and the Net Social Wage during the Greek Crisis," Review of Radical Political Economics, Union for Radical Political Economics, vol. 53(1), pages 58-76, March.

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