Unemployment in Greece: A Survey of the Issues

72 Pages Posted: 15 Feb 2006

Date Written: August 1996

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.

JEL Classification: D72, H31, J31, J45, J64

Suggested Citation

Demekas, Dimitri G. and Kontolemis, Zenon G., Unemployment in Greece: A Survey of the Issues (August 1996). IMF Working Paper No. 96/91, Available at SSRN: https://ssrn.com/abstract=882987

Zenon G. Kontolemis

European Union - European Commission ( email )

Belgium

No contact information is available for Dimitri G. Demekas

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