Employment and Unemployment in Greece Before and After the Outbreak of the Crisis

Filinis, Kyriakos; Καρακίτσιος, Αλέξανδρος; Katsikas, Dimitris

doi:10.1007/978-3-319-68798-8_3

Cited by 5 publications

(3 citation statements)

References 1 publication

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The fact that the decrease in mean equivalized disposable income is larger than the drop in GDP per capita is due to the fact that a very considerable proportion of the stabilization effort relied on tax increases that reduced the real disposable income of the population more than the effects of nominal cuts in wages, pensions and social transfers either directly (income and property taxes) or indirectly (expenditure taxes). According to Filinis et al (2018), in the decade before the outbreak of the crisis, although Greece on average outperformed both the EU and the Euro area in terms of growth rates, unemployment in Greece was well above the respective European averages, while it skyrocketed from 7.8% in 2008 to 27.5% in 2013. After 2013, the rate of decrease in unemployment is much higher than the rate of increase in the mean equivalized disposable income and GDP per capita.…”

Section: Inter-temporal Changes In Aggregate Povertymentioning

confidence: 99%

Decomposing Poverty in Hard Times: Greece 2007-2016

Andriopoulou¹,

Kanavitsa²,

Τσακλόγλου³

2020

Revue d'Économie Du Développement

View full text Add to dashboard Cite

The Greek economic crisis resulted in a decline in household disposable income by more than 40%. Even though all population groups lost income in absolute terms, some were substantially more severely hit by the crisis. The paper examines the effect of the crisis on the population shares, the mean incomes and the level of poverty of various population groups using SILC data for the period 2007-2016. The population is partitioned according to four criteria: socioeconomic group of the household head, presence of unemployed individuals in the household, age of the population member and household type. When "anchored" poverty lines and distribution-sensitive poverty indices are employed the level of poverty rises to incredibly high levels. When the poverty lines used are "relative", the poverty rate does not change substantially but when distribution-sensitive indices are used the increase in poverty is very substantial. The most interesting results are related to the changes in the structure of poverty. The crisis was associated with a very substantial increase in unemployment. Unemployment protection in Greece was inadequate while there was no "benefit of last resort". As a result, the relative position of households with unemployed members (and, especially, with unemployed heads) deteriorated sharply, while their contribution to aggregate poverty skyrocketed. Unlike what is often claimed in the Greek public discourse, the relative position of pensioner-headed households improved, although they also experienced a considerable decline in their living standards.

show abstract

Section: Inter-temporal Changes In Aggregate Povertymentioning

confidence: 99%

Decomposing Poverty in Hard Times: Greece 2007-2016

Andriopoulou¹,

Kanavitsa²,

Τσακλόγλου³

2020

Revue d'Économie Du Développement

View full text Add to dashboard Cite

show abstract

“…According to the Hellenic Statistical Authority's data for 2019, the employment rate of women aged 20-64 stood at just 51%, which was the lowest level in the EU. During the crisis, the employment of young people also fell dramatically, reducing their contribution to total employment to just 4% (Filinis et al 2018). These problems indicate the structural nature of the challenges facing the Greek labor market; addressing them requires a program of wide-ranging reforms that go well beyond its deregulation; although increased flexibility has allowed unemployment to come down during the recent recovery phase, this was achieved primarily through the increase of atypical employment (part-time, temporary, etc.).…”

Section: The Impact Of the Crisis On The Greek Growth Modelmentioning

confidence: 99%

Crises, Opportunities, and the Evolution of Greece’s Growth Model in the EMU

Katsikas

2024

Social Sciences

View full text Add to dashboard Cite

Greece’s entry into the Eurozone was regarded as a unique opportunity to reform the country’s inefficient growth model. These hopes were dashed as the decade-long crisis of the 2010s wiped out a substantial part of the wealth accumulated during the previous decades and threatened the stability of Greece’s political system. The crisis highlighted the weaknesses of the Economic and Monetary Union (EMU); the economic governance agreed upon at Maastricht was inadequate to support a monetary union comprising many, widely diverse economies. On the other hand, given the EMU’s economic and institutional architecture, Greece was ill-prepared and unwilling to undertake the necessary adjustments to survive in the Eurozone. Understanding the economic and political aspects of this dual and mutually reinforcing failure is crucial for analyzing the challenges facing the Greek economy. In this article, we take a long-term view of the evolution of Greece’s political economy, adopting a framework inspired by the recent literature on comparative political economy. The aim is to determine whether Greece’s EMU membership affected its growth model and, if so, in what ways. The analysis shows that EMU membership has been crucial for the performance of the Greek economy during different periods but less so for the transformation of its demand-led growth model, which exhibits remarkable stability. This is because neither the ex ante nor the ex post conditionality imposed on Greece in the run-up to EMU entry and during the 2010s crisis, respectively, focused on the structural features of the Greek growth model.

show abstract

“…As a result of receiving lower disposable income, women on average are more likely than men to be at risk of poverty (Perugini, Žarkovic ´Rakic ´, & Vladisavljevic ´, 2019). Both men and women in all age groups, occupations, and educational backgrounds have been impacted gravely (loss of rights, compensation, employability potential) by labor market reforms (Filinis, Karakitsios, & Katsikas, 2018). According to Bell and Blanchflower (2015), young people are at risk for permanent psychological and social scarring included stunted economic and social development, underemployment, long-term unemployment, and dependence on parents for housing (Bell & Blanchflower, 2015).…”

Section: Background Socioeconomic Situation Greecementioning

confidence: 99%

Using narrative futuring as a means of facing liminal employment status and space.

Triliva¹,

Sools²,

Philippas³

2022

Qualitative Psychology

View full text Add to dashboard Cite

Unemployment and precarious employment have been treated as liminal states where people's everyday lives are rendered into an "in-between" position, a place where the uncertainty of meaning and decision-making prevail. Liminality has also been applied as a way of understanding a changing social world, implying a transformation in consciousness emanating from prolonged indeterminism. To develop a clearer understanding of coping with liminal status, we used a narrative futuring approach (i.e., a reflexive practice to elicit narratives from the viewpoint of a desired future). Twenty "letters from the future" were written by unemployed and precariously employed young adults with higher education degrees living in Crete. The letters engaged the participants in the process of critical reflection, where they imagined eutopian lifeworlds by attempting to place the prevalent "crisis story" in the background, embracing or confronting liminal status. Implications focus on how the narrative future-making approach can be applied to disentangle the complexities involved in understanding liminal states and their inherent transformative potential where both personal, interpersonal, and the broader social and societal context come into awareness.

show abstract

Employment and Unemployment in Greece Before and After the Outbreak of the Crisis

Cited by 5 publications

References 1 publication

Decomposing Poverty in Hard Times: Greece 2007-2016

Decomposing Poverty in Hard Times: Greece 2007-2016

Crises, Opportunities, and the Evolution of Greece’s Growth Model in the EMU

Using narrative futuring as a means of facing liminal employment status and space.

Contact Info

Product

Resources

About