1887

OECD Economics Department Working Papers

Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.

The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.

English, French

Generating employment, raising incomes and addressing poverty in Greece

Employment is pivotal to strengthening Greece’s economic recovery, increasing social welfare and redressing poverty. Jobs are returning, making inroads into high unemployment, but their wages and skill levels are lower than many that were lost during the crisis. Greece’s hiring is benefiting from more flexible arrangements. Legislative amendments can maintain this flexibility, ensure wages align with productivity and better protect individuals from labour market risks. Ensuring that workers possess skills that match employers’ needs will sustain employment and productivity growth. Improving the education system is a long-term mission and involves raising its pedagogical strength and orientation towards professional needs. A social welfare system dominated by pensions has not been able to prevent a steep hike in poverty among children and the young, risking long-term harm to well-being. Pursuing recent steps towards a better targeted social protection, accompanied by support programmes for jobseekers, will provide a reliable safety net and reduce poverty.

This Working Paper relates to the 2018 OECD Economic Survey of Greece. (http://www.oecd.org/eco/surveys/economic-survey-greece.htm).

English

Keywords: consumption, employment, welfare programmes, well-being, social security, wages, labour markets, education, Childcare, government expenditures and welfare programs, demand and supply of labour, poverty, compensation and labour costs, unemployment, simulation modelling
JEL: C63: Mathematical and Quantitative Methods / Mathematical Methods; Programming Models; Mathematical and Simulation Modeling / Computational Techniques; Simulation Modeling; H53: Public Economics / National Government Expenditures and Related Policies / National Government Expenditures and Welfare Programs; J13: Labor and Demographic Economics / Demographic Economics / Fertility; Family Planning; Child Care; Children; Youth; J68: Labor and Demographic Economics / Mobility, Unemployment, Vacancies, and Immigrant Workers / Mobility, Unemployment, and Vacancies: Public Policy; E21: Macroeconomics and Monetary Economics / Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy / Macroeconomics: Consumption; Saving; Wealth; I2: Health, Education, and Welfare / Education and Research Institutions; J2: Labor and Demographic Economics / Demand and Supply of Labor; H55: Public Economics / National Government Expenditures and Related Policies / Social Security and Public Pensions; H52: Public Economics / National Government Expenditures and Related Policies / National Government Expenditures and Education; I3: Health, Education, and Welfare / Welfare, Well-Being, and Poverty; J3: Labor and Demographic Economics / Wages, Compensation, and Labor Costs; E24: Macroeconomics and Monetary Economics / Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy / Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity; J63: Labor and Demographic Economics / Mobility, Unemployment, Vacancies, and Immigrant Workers / Labor Turnover; Vacancies; Layoffs
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