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Palgrave Macmillan

The Rebirth of the Greek Labor Market

Building Toward 2020 After the Global Financial Meltdown

  • Book
  • © 2014

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Editors:
  1. Panagiotis E. Petrakis
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Table of contents (10 chapters)

  1. Front Matter

    Pages i-xxiv
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  2. The Rebalancing of the Greek Economy and Employment

    1. Front Matter

      Pages 1-2
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    2. The Crisis and the Setting of the Recovery

      • Panagiotis E. Petrakis, Pantelis C. Kostis, Dionysis G. Valsamis
      Pages 3-18

    3. Rebalancing and Jobs

      • Panagiotis E. Petrakis, Dionysis G. Valsamis
      Pages 19-38

    4. Structural and Cyclical Unemployment

      • Panagiotis E. Petrakis, Pantelis C. Kostis, Kyriaki I. Kafka
      Pages 39-48

    5. Human Capital Supply

      • Panagiotis E. Petrakis, Kyriaki I. Kafka
      Pages 49-64

  3. Macro Projections through to 2020

    1. Front Matter

      Pages 65-66
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    2. Macromodels for the Greek Economy

      • Panagiotis E. Petrakis, Pantelis C. Kostis
      Pages 67-84

    3. A Medium-Term Macro Forecast Model for the Greek Economy

      • Efthymios G. Tsionas
      Pages 85-102

    4. Medium-Term Projections: 2014–2020

      • Efthymios G. Tsionas, Panagiotis E. Petrakis, Pantelis C. Kostis
      Pages 103-123

  4. The Labor Dynamism of the Greek Economy through to 2020

    1. Front Matter

      Pages 125-126
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    2. The Labor Dynamism of the Sectors of Economic Activity

      • Olympia Kaminioti
      Pages 127-152

    3. Input-Output Analysis of Sectoral Labor Dynamism

      • Svetoslav Danchev, Grigoris Pavlou, Ilias Kostarakos
      Pages 153-180

    4. Input-Output Analysis of the Medium-Term Demand of Occupations in the Greek Economy

      • Svetoslav Danchev, Grigoris Pavlou, Ilias Kostarakos
      Pages 181-240

  5. Back Matter

    Pages 241-259
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Keywords

About this book

The Rebirth of the Greek Labor Market provides evidence of the macroeconomic evolution of the Greek economy, as well as current conditions in the labor market, to suggest potential areas of growth following the crisis. The contributors of this collection focus on three main issues that make the overall volume distinctive. Firstly, the authors develop a macro-econometric model for the Greek economy, which is flexible in terms of policy analysis and provides reasonable forecasts for the period between 2014-2020, under three scenarios. Secondly, the authors analyze the dynamism in the Greek economy, as well as the problematic Greek labor market. Lastly, using the estimations provided by the macro-econometric model developed, an input-output analysis is conducted - for every one of the three scenarios - in order to investigate and quantify the impact of the economic crisis, not only to the total employment but also in the number of employees by occupation, for all productive sectors of the economy. Using this structure, this indispensable new volume identifies the occupations, professions, and sectors with the greatest losses, as well as those showing a positive momentum, up to 2020.

Reviews

"Consequent recovery is a huge challenge for the Greek economy. Petrakis's collection brings together a profound analysis and many fine contributions explaining how to master it. Establishing tradable sectors, productive standards, and competitive labor costs requires extensive structural changes, but will lead to a reactivation of the labor market and induce general welfare. Congratulations on a great roadmap to success!" - Klaus F. Zimmermann, Professor, Institute for the Study of Labor (IZA) and Bonn University, Germany

"The road to recovery and to sustainable transformation for the Greek economy will continue to be long and bumpy. Basing their analyses on a macroeconomic model and input-output analysis of labor-market dynamics, Petrakis and his contributors highlight the challenges ahead. For employment to grow and competitiveness to improve, the end of austerity measures will not be enough. The underlying structural problems that produced rising budget and current account deficits and led to the debt crisis need to be tackled via credible and long-lasting reforms. Productive restructuring towards dynamic tradable sectors, educational reform, and investments in human capital and R&D are top policy priorities to be underpinned by a transparent regulatory framework and appropriate labor market policies. Identifying the steps to be taken and the trade-offs implied makes this book worth reading and a valuable contribution to policy making." - Louka T. Katseli, Professor, University of Athens, Greece; former Minister of Economy, Competitiveness, and Shipping, Greece; former Minister of Labour and Social Protection, Greece

About the authors

Tsionas G. Efthymios, Athens University of Economics and Business, Greece Danchev Svetoslav, National and Kapodistrian University of Athens, Greece Kaminioti Olympia, National Institute of Labour and Human Resources, Greece Kostis C. Pantelis, National and Kapodistrian University of Athens, Greece Valsamis G. Dionysis, National and Kapodistrian University of Athens, Greece Pavlou Grigoris, National and Kapodistrian University of Athens, Greece Kostarakos Ilias, National and Kapodistrian University of Athens, Greece Kafka I. Kyriaki, National and Kapodistrian University of Athens, Greece

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