全球智库信息集成服务系统(G2TT): DP15860 Evaluating the impact of labour market reforms in Greece during 2010-2018

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP15860
	DP15860 Evaluating the impact of labour market reforms in Greece during 2010-2018
	Nikolaos Vettas; Georgios Gatopoulos; Alexandros Louka; Ioannis Polycarpou
发表日期	2021-02-28
出版年	2021
语种	英语
摘要	In view of long-standing weaknesses in Greece’s labour markets, several labour market reforms were implemented during the economic adjustment programmes with two objectives. Firstly, to support the economy’s adjustment through more flexible labour markets and secondly, to enhance gains in cost competitiveness. In relation to their objectives, we find evidence that reforms largely fulfilled the second objective and partially the first, albeit left mostly unaddressed some of the long-standing weaknesses, such as low participation rate and high tax wedge. The analysis is backed by two distinct but complementary approaches. From a micro-founded analysis, while the 2014 reduction in social security contributions positively affected incentives for official sector labour participation, those appear to have decreased cumulatively during the overall programme period. From a top-down macroeconomic perspective, findings suggest that Greece’s 2012 labour market reforms had a positive impact on reducing the Unit Labour Cost (ULC), increasing the use of flexible forms of employment, slowing down unemployment rate dynamics and slightly accelerating employment growth trends. At the same time, it appears that the 2012 reforms did not improve labour participation rates, while they increased average working hours and inequality.
主题	Labour Economics ; Macroeconomics and Growth
关键词	Labor market reforms Unemployment Impact assessment Participation tax rate Generalized synthetic control Rescue programs Greek crisis
URL	https://cepr.org/publications/dp15860
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/544853
推荐引用方式 GB/T 7714	Nikolaos Vettas,Georgios Gatopoulos,Alexandros Louka,et al. DP15860 Evaluating the impact of labour market reforms in Greece during 2010-2018. 2021.