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• W4382400682 abstract "The present research aims to identify the pre and during COVID-19 economic vulnerable groups and assess the effectiveness of the imposed supporting measures from the central government, using ground-breaking labor force and business data of the regional labour market in Crete, Greece, from 2016 to 2021. Through the conducted labour force and businesses surveys, this research identifies the labour market trends, assesses the economic vulnerability of specific workforce or business groups, either as a result of the pre or during the COVID-19 period and further assesses policy interventions enforced to stimulate market re-activation and economic growth development. Our findings show that youngsters are employed primarily in seasonal jobs, whereas in many cases, the sectoral-specific job requirements are for low-skilled personnel and consequently are more susceptible to employment risk and insecurity. On the other hand, the older labour force group, aged over 55, is found to experience high economic precarity. Businesses in the Cretan labour market also experienced a severe shock, where a significant amount of income and turnover was lost during the pandemic. The implemented short-term supportive measures by the Greek State seem to have reversed to a certain extent the economic insecurity business condition in 2021 back to the levels of the pre-COVID-19 period, while a significant number of entrepreneurs consider them ineffective. The Region of Crete could be able to build a solid labour market that will be resilient in the next economic cycle crisis or emerging shock by redistributing resources for enhancement of other sectors other than tourism and the re-orientation of local entrepreneurship towards innovation and knowledge." @default.
• W4382400682 created "2023-06-29" @default.
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• W4382400682 date "2023-01-01" @default.
• W4382400682 modified "2023-09-29" @default.
• W4382400682 title "Labour Market Dynamics and Socio-Economic Vulnerability: Τhe COVID-19 Impact and Policy Challenges in the Region of Crete, Greece" @default.
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• W4382400682 doi "https://doi.org/10.4236/jss.2023.116023" @default.
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