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Decentralized Bargaining and the Greek Labour Relations Reform (Law 4024/2011)

Author

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  • Giannakopoulos, Nicholas
  • Laliotis, Ioannis

Abstract

We investigate decentralized collective bargaining in Greece (2002-2016) under the industrial relations reform implemented in 2011. We match administrative data on firm-level contracts with non-participating firms to estimate determinants of decentralized bargaining before and after the reform. Decentralized bargaining increased in the post-reform period depending on firm size, industry and location. Nominal wage floors downgraded after 2011 in contacts signed by association of persons rather than trade unions. A base wage premium of 22 percent is found in favour of trade unions. Firm-level bargaining with trade unions is expected to promote decentralized bargaining with outcomes linked to firm-specific characteristics.

Suggested Citation

  • Giannakopoulos, Nicholas & Laliotis, Ioannis, 2017. "Decentralized Bargaining and the Greek Labour Relations Reform (Law 4024/2011)," MPRA Paper 76513, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:76513
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
    • J52 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Dispute Resolution: Strikes, Arbitration, and Mediation

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