Matches in SemOpenAlex for { <https://semopenalex.org/work/W2805949710> ?p ?o ?g. }
Showing items 1 to 75 of
75
with 100 items per page.
- W2805949710 abstract "It is generally understood that the Greek economy has long been characterised by a range of structural and institutional inefficiencies – which, arguably, are at least partly responsible for the crisis that engulfed the country since 2009. In turn, the crisis has also led to a significant adjustment of the Greek economy, both behaviourally (e.g., with regard to labour supply) and institutionally (e.g., with regard to labour market regulations). In this paper we ask whether this adjustment has helped resolve some of the inefficiencies that characterised the Greek economy in the past. We focus on the particular case of sectoral wage premia and examine (a) whether these did indeed reflect economic inefficiency in the past and (b) whether they have declined systematically since the crisis. Sectoral wage premia are generally linked to unobserved worker heterogeneity and compensating differentials (in a competitive framework) or to market distortions, such as monopsony power or information asymmetries (in an imperfect markets framework). Our results show that sectoral premia in Greece are only weakly linked to unobserved worker heterogeneity, but strongly linked to non-competitive factors reflecting market inefficiency. Looking at three such factors – the availability of rents (as measured by sectoral profitability), the potential for rents (measured via a proxy for intra-sectoral competition) and workers’ ability to extract such rents (measured by the share of public sector jobs) – we find that the crisis altered the relative contribution of such factors but did not lead to a decline in sectoral premia on the whole. Indeed, wage premia appear to have increased in the least competitive sectors while the overall disparity of wages across sectors increased. We conclude that market inefficiencies, as manifested by the presence of unaccounted-for sectoral wage differentials, intensified despite all policy efforts in the opposite direction." @default.
- W2805949710 created "2018-06-13" @default.
- W2805949710 creator A5036191061 @default.
- W2805949710 creator A5085517254 @default.
- W2805949710 date "2018-05-01" @default.
- W2805949710 modified "2023-09-27" @default.
- W2805949710 title "Did the crisis make the Greek economy less inefficient? Evidence from the structure and dynamics of sectoral premia" @default.
- W2805949710 hasPublicationYear "2018" @default.
- W2805949710 type Work @default.
- W2805949710 sameAs 2805949710 @default.
- W2805949710 citedByCount "0" @default.
- W2805949710 crossrefType "posted-content" @default.
- W2805949710 hasAuthorship W2805949710A5036191061 @default.
- W2805949710 hasAuthorship W2805949710A5085517254 @default.
- W2805949710 hasConcept C106866004 @default.
- W2805949710 hasConcept C123336316 @default.
- W2805949710 hasConcept C139203340 @default.
- W2805949710 hasConcept C145236788 @default.
- W2805949710 hasConcept C162324750 @default.
- W2805949710 hasConcept C175444787 @default.
- W2805949710 hasConcept C18903297 @default.
- W2805949710 hasConcept C2775881736 @default.
- W2805949710 hasConcept C2777098679 @default.
- W2805949710 hasConcept C2777388388 @default.
- W2805949710 hasConcept C2778869765 @default.
- W2805949710 hasConcept C2781127519 @default.
- W2805949710 hasConcept C29122968 @default.
- W2805949710 hasConcept C34447519 @default.
- W2805949710 hasConcept C556758197 @default.
- W2805949710 hasConcept C86803240 @default.
- W2805949710 hasConcept C91306197 @default.
- W2805949710 hasConceptScore W2805949710C106866004 @default.
- W2805949710 hasConceptScore W2805949710C123336316 @default.
- W2805949710 hasConceptScore W2805949710C139203340 @default.
- W2805949710 hasConceptScore W2805949710C145236788 @default.
- W2805949710 hasConceptScore W2805949710C162324750 @default.
- W2805949710 hasConceptScore W2805949710C175444787 @default.
- W2805949710 hasConceptScore W2805949710C18903297 @default.
- W2805949710 hasConceptScore W2805949710C2775881736 @default.
- W2805949710 hasConceptScore W2805949710C2777098679 @default.
- W2805949710 hasConceptScore W2805949710C2777388388 @default.
- W2805949710 hasConceptScore W2805949710C2778869765 @default.
- W2805949710 hasConceptScore W2805949710C2781127519 @default.
- W2805949710 hasConceptScore W2805949710C29122968 @default.
- W2805949710 hasConceptScore W2805949710C34447519 @default.
- W2805949710 hasConceptScore W2805949710C556758197 @default.
- W2805949710 hasConceptScore W2805949710C86803240 @default.
- W2805949710 hasConceptScore W2805949710C91306197 @default.
- W2805949710 hasLocation W28059497101 @default.
- W2805949710 hasOpenAccess W2805949710 @default.
- W2805949710 hasPrimaryLocation W28059497101 @default.
- W2805949710 hasRelatedWork W1547805237 @default.
- W2805949710 hasRelatedWork W1568435517 @default.
- W2805949710 hasRelatedWork W1582000158 @default.
- W2805949710 hasRelatedWork W1587564425 @default.
- W2805949710 hasRelatedWork W1997577767 @default.
- W2805949710 hasRelatedWork W2137702269 @default.
- W2805949710 hasRelatedWork W2146874659 @default.
- W2805949710 hasRelatedWork W2185944666 @default.
- W2805949710 hasRelatedWork W2189291433 @default.
- W2805949710 hasRelatedWork W249165935 @default.
- W2805949710 hasRelatedWork W2557819853 @default.
- W2805949710 hasRelatedWork W2908613090 @default.
- W2805949710 hasRelatedWork W2920933792 @default.
- W2805949710 hasRelatedWork W2922784936 @default.
- W2805949710 hasRelatedWork W3122305350 @default.
- W2805949710 hasRelatedWork W3124325908 @default.
- W2805949710 hasRelatedWork W3124997424 @default.
- W2805949710 hasRelatedWork W3125247112 @default.
- W2805949710 hasRelatedWork W3197450170 @default.
- W2805949710 hasRelatedWork W180875718 @default.
- W2805949710 isParatext "false" @default.
- W2805949710 isRetracted "false" @default.
- W2805949710 magId "2805949710" @default.
- W2805949710 workType "article" @default.