Advances in Economics and Business Vol. 3(12), pp. 538 - 551
DOI: 10.13189/aeb.2015.031202
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Some Mixed Evidence of Economic Transformation from Greece: Workforce Patterns and Shifts during the Recession (2008-2013)

Prodromos Prodromidis ^1,2,*
1 Centre for Planning & Economic Research (KEPE), Greece
² Department of Economics, Athens University of Economics & Business, Greece

ABSTRACT

The paper analyzes the quarterly Greek Labor Force Survey estimates from early 2008 to early and mid- 2013 via linear econometric regressions with robust standard errors. By isolating the seasonal effects it: (a) examines sectoral employment, unemployment and non-participation trend and cyclical aspects across demographic groups at the sub-regional level, as well as regional workforce aspects at the sub-sectoral level, and (b) identifies sub-sectors, places, and segments of the population which diverge from the rest by exhibiting statistically significant reversals in the recessionary pattern. The findings provide (i) interesting insights into the diverse reactions that take place in the Greek workforce amid the recession, as well as (ii) avenues for further research to advance understanding of the underlying causes of these responses and the operation of country's constituent economies.

KEYWORDS
Job Creation and Destruction, Sectoral Trends, Demographic Groups, Regional Heterogeneity

Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Prodromos Prodromidis , "Some Mixed Evidence of Economic Transformation from Greece: Workforce Patterns and Shifts during the Recession (2008-2013)," Advances in Economics and Business, Vol. 3, No. 12, pp. 538 - 551, 2015. DOI: 10.13189/aeb.2015.031202.

(b). APA Format:
Prodromos Prodromidis (2015). Some Mixed Evidence of Economic Transformation from Greece: Workforce Patterns and Shifts during the Recession (2008-2013). Advances in Economics and Business, 3(12), 538 - 551. DOI: 10.13189/aeb.2015.031202.