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Beyond AusterityReforming the Greek Economy$
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Costas Meghir, Christopher A. Pissarides, Dimitri Vayanos, and Nikolaos Vettas

Print publication date: 2017

Print ISBN-13: 9780262035835

Published to MIT Press Scholarship Online: May 2018

DOI: 10.7551/mitpress/9780262035835.001.0001

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Labor Market Regulation and Reform in Greece1

Labor Market Regulation and Reform in Greece1

(p.211) 6 Labor Market Regulation and Reform in Greece1
Beyond Austerity

Antigone Lyberaki

Costas Meghir

Daphne Nicolitsas

The MIT Press

This chapter describes the regulatory framework in Greece at the time of the crisis and the way it has evolved since. It then reviews the theoretical and empirical literature relating to labor market regulation as a way to understand how the institutions in Greece may have affected the performance of the economy. Finally, it offers an alternative vision of a deregulated labor market supported by a robust system of welfare and social insurance, which achieves better protection and is more conducive to entrepreneurship.

Keywords:   regulatory framework, Greek crisis, labor market regulation, deregulated labor market, welfare, social insurance, entrepreneurship

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