TY  - JOUR
AB  - This paper studies the behaviour of employment and real wages in Greek manufacturing 1954‐1993. Since employment dynamics are driven by trade union membership, wage aspirations and adjustment costs, the paper tries to identify the relative importance of these propagation mechanisms for the stylized fact of full (un)employment persistence. The empirical results suggest that adjustment costs in firms’ decision making, due to institutional and technological constraints, are the main reason for the slow response of (un)employment to changes in the economic environment.
VL  - 25
IS  - 2
SN  - 0144-3585
DO  - 10.1108/01443589810202102
UR  - https://doi.org/10.1108/01443589810202102
AU  - Miaouli Natasha
PY  - 1998
Y1  - 1998/01/01
TI  - Employment persistence and wage setting in the Greek labour market
T2  - Journal of Economic Studies
PB  - MCB UP Ltd
SP  - 98
EP  - 111
Y2  - 2024/09/25
ER  -