Assessing the impact of the memoranda on Greek labour market and labour relations (original) (raw)
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References (27)
- Investment in private sector has fallen by a further 20 per cent in the first quarter of 2013, according to sources in the Foundation for Economic & Industrial Research (IOBE).
- The other main argument is that the minimum wage reduces employment and increases unemployment. The authors are not concerned with this argument here, as the empirical evidence does not seem to support it. See, among others, D. Card and A.B. Krueger, Myth and Measurement: The New Economics of the Minimum Wage, 1995, Princeton Un. Press. 62 There is a cloud over the inspections performed by the LIB in recent years. The average size of inspected enterprises in 2012 was 2.2 employees per enterprise (4.1 in 2010), which raises questions on the methods of inspection in use. See LIB, press release 12 th March 2013, Table 4.1. It is interesting to note that while employment levels in the LIB fell by 20 per cent, the number of inspections per employee rose by 20.7 per cent, indicating that workloads have risen sharply. See LIB above, Table 8. References Berdekli, C. 2013. "Labour market flexibility in Greece", Ph.D. thesis (Panteion University).
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