The 2011 Industrial Relations Reform and Nominal Wage Adjustments in Greece

This study investigates nominal contractual base-wage adjustments in Greece associated with the 2011 industrial relations reform which re-defined the limits within which base wages could oscillate and allowed workers’ associations to negotiate for wages at the firm level. The assessment covers the period 2010-2013 and is based on information extracted from the universe of firm-level contracts signed in this period. We found that firm-level contracts increased dramatically shortly after the reform, now covering a larger pool of workers, especially in larger firms, and are associated with higher base-wage reductions in the post-reform period. At the firm level, wage reductions are higher when workers are represented by a workers’ association rather than a typical trade union. In addition, a heterogeneous effect is uncovered regarding the factors that shape base-wage adjustments (firm size, profitability, structure of bargaining body and aggregate unemployment) between new and traditional forms of workers’ representation in collective bargaining

Greek women rushed to look for work when the crisis left their husbands jobless

But relatively few found jobs and the number of families with both spouses unemployed has increased, write Joan Daouli, Michael Demoussis and Nicholas Giannakopoulo

The 2011 Industrial Relations Reform and Nominal Wage Adjustments in Greece

This study investigates nominal contractual base-wage adjustments in Greece associated with the 2011 industrial relations reform which re-defined the limits within which base wages could oscillate and allowed workers’ associations to negotiate for wages at the firm level. The assessment covers the period 2010–2013 and is based on information extracted from the universe of firm-level contracts signed in this period. We found that firm-level contracts increased dramatically shortly after the reform, now covering a larger pool of workers, especially in larger firms, and are associated with higher base-wage reductions in the post-reform period. At the firm level, wage reductions are higher when workers are represented by a workers’ association rather than a typical trade union. In addition, a heterogeneous effect is uncovered regarding the factors that shape base-wage adjustments (firm size, profitability, structure of bargaining body and aggregate unemployment) between new and traditional forms of workers’ representation in collective bargaining

The ins and outs of Greek unemployment in the Great Depression

We investigate the unemployment inflows and outflows using micro-data from the Greek Labour Force Survey (1998-2013). Focusing on the post-2008 recessionary period, aggregate unemployment decompositions show that both, inflow and outflow rates affect unemployment variations. In particular, early in the recession the inflow rate dominates while later the outflow rate takes over. These findings remain unaltered when unemployment persistence and low transition rates are taken into account. Furthermore, applying multinomial regression techniques we find that the ins and outs of unemployment vary with individual-specific heterogeneity (gender, age, education, etc.). This heterogeneity however exhibits a differentiated impact in the pre- and post-2008 periods. Overall, the design of an effective employment policy in Greece needs to take into consideration the exceptionally low job finding rate (10%) and its composition in the ongoing labour market crisis

The determinants of body mass in Greece: Evidence from the National Health Survey

In this study we explore the determinants of body-weight in Greece utilizing information at the individual level from the National Health Survey of 2009. BMI has been treated as both, a cardinal and an ordinal measure of body-weight, while different estimation techniques were applied (OLS, ordered probit and unconditional quantile regression). In our attempt to identify the major determinants of BMI outcomes in Greece we employed a wide range of demographic, socio-economic, lifestyle, health-related and regional characteristics. The unconditional quantile estimates uncovered differences in the estimated impact of several correlates across the BMI distribution, highlighting their superiority vis-a-vis the simple mean-based linear models of BMI. Examining the entire BMI distribution and targeting specific segments of the Greek population can render public health policies against obesity more efficient and prolific

The ins and outs of Greek unemployment in the Great Depression

We investigate the unemployment inflows and outflows using micro-data from the Greek Labour Force Survey (1998-2013). Focusing on the post-2008 recessionary period, aggregate unemployment decompositions show that both, inflow and outflow rates affect unemployment variations. In particular, early in the recession the inflow rate dominates while later the outflow rate takes over. These findings remain unaltered when unemployment persistence and low transition rates are taken into account. Furthermore, applying multinomial regression techniques we find that the ins and outs of unemployment vary with individual-specific heterogeneity (gender, age, education, etc.). This heterogeneity however exhibits a differentiated impact in the pre- and post-2008 periods. Overall, the design of an effective employment policy in Greece needs to take into consideration the exceptionally low job finding rate (10%) and its composition in the ongoing labour market crisis