Karakitsios, Alexandros, “Minimum Wage Effects on Employment and Changes in the Wage Distribution in Greece”, LSE-European Institute, May 2015
This paper is a preliminary analysis of the employment effects of the minimum wage cut adopted in 2012 and the corresponding age-based differentiation for workers above and below 25 years old. The analysis is constrained on full-time private sector workers of two substitute age groups, i.e. 20-24 and 25-29 years old. It is found that employment rates for ‘younger’ workers have been decreased in a lesser extent in comparison with the rates of ‘older’ workers. Furthermore, changes in the earnings’ distribution of private sector full-time employees are presented. The main finding of this part of the paper is that distribution shifted significantly to the left. Minimum wage reform is considered to play an important role to this shift.
Relevant Posts
- OECD, (2015), Minimum wages after the crisis: Making them pay, Paris.
- Eurofound (2015), “Recent developments in the distribution of wages in Europe”, Publications Office of the European Union, Luxembourg.