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Unemployment in Greece; A Survey of the Issues

Author

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  • Dimitri G Demekas
  • Zenon Kontolemis

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.

Suggested Citation

  • Dimitri G Demekas & Zenon Kontolemis, 1996. "Unemployment in Greece; A Survey of the Issues," IMF Working Papers 96/91, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:96/91
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    Citations

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    Cited by:

    1. Bosworth, Barry & Kollintzas, Tryphon, 2001. "Economic Growth in Greece: Past Performance and Future Prospects," CEPR Discussion Papers 2852, C.E.P.R. Discussion Papers.
    2. Bakas, Dimitrios & Papapetrou, Evangelia, 2014. "Unemployment in Greece: Evidence from Greek regions using panel unit root tests," The Quarterly Review of Economics and Finance, Elsevier, vol. 54(4), pages 551-562.
    3. Evangelia Papapetrou & Dimitrios Bakas, 2012. "Unemployment in Greece: evidence from Greek regions," Working Papers 146, Bank of Greece.
    4. Margarita Katsimi, 2000. "Stochastic shifts in the natural rate of unemployment: evidence from Greece," Applied Economics Letters, Taylor & Francis Journals, vol. 7(4), pages 239-242.
    5. Ilias Livanos, 2009. "Modelling the incidence of unemployment: the case of Greece," Applied Economics Letters, Taylor & Francis Journals, vol. 16(16), pages 1607-1611.
    6. 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, vol. 43(5), pages 774-806.
    7. Vougas, Dimitrios V., 2003. "Unemployment in Greece," Journal of Policy Modeling, Elsevier, vol. 25(2), pages 107-112, February.

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