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The wage-local unemployment relationship in a highly regulated labour market: Greece
[Zeitschriftenartikel]
Abstract Using data obtained from 80,000 employees, this paper examines the relationship between individual wages and regional unemployment in Greece. The findings of this study highlight the dynamics of the local labour markets in a case, such as Greece, where the OECD claims that wage flexibility is limite... mehr
Using data obtained from 80,000 employees, this paper examines the relationship between individual wages and regional unemployment in Greece. The findings of this study highlight the dynamics of the local labour markets in a case, such as Greece, where the OECD claims that wage flexibility is limited. This study does not find evidence that wages in Greece are rigid but finds a wage curve elasticity of close to -0.1, which corresponds to evidence from many counties. Interestingly, graduates are found to be the most responsive group of workers to the behaviour of local labour markets. The high levels of wage flexibility may be explained by very low levels of geographic mobility.... weniger
Klassifikation
Raumplanung und Regionalforschung
Arbeitsmarktforschung
Freie Schlagwörter
Wage curve; Philips curve; Local labour markets; Fixed-effects; Greece
Sprache Dokument
Englisch
Publikationsjahr
2010
Seitenangabe
S. 389-400
Zeitschriftentitel
Regional Studies, 44 (2010) 4
DOI
https://doi.org/10.1080/00343400802251486
Status
Postprint; begutachtet (peer reviewed)
Lizenz
PEER Licence Agreement (applicable only to documents from PEER project)