期刊名称:South-Eastern Europe Journal of Economics (SEEJE)
印刷版ISSN:1109-8597
电子版ISSN:1792-3115
出版年度:2015
卷号:13
期号:2
页码:177-196
出版社:Association of Economic Universities of South and Eastern Europe and the Black Sea Region
摘要:We are investigating unemployment inflows and outflows using micro-data from the Greek Labour Force Survey (1998-2013). Focusing on the post-2008 reces- sionary period, aggregate unemployment decompositions show that both in- flow and outflow rates affect unemployment fluctuations. In particular, early on in the recession period, inflow rates dominates, while later outflow rates take over. These findings remain unaltered when unemployment persistence and low transition rates are taken into account. Furthermore, by applying multi- nomial regression techniques, we find that the ins and outs of unemployment vary with individual-specific heterogeneity (gender, age, education, etc.). This heterogeneity, however, exhibits a differentiated impact in the pre- and post-2008 periods. Overall, designing an effective employment policy in Greece needs to take into consideration the exceptionally low job finding rate (10%) and employment composition in the ongoing labour market crisis