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Labour Productivity Changes And Working Time: The Case Of Greece

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  • Athena Belegri--roboli
  • Maria Markaki
  • Panayotis G. Michaelides

Abstract

In terms of the annual hours worked per employee, Greece ranks first among EU-15 countries and second among OECD countries. In this context, the austerity measures it adopted (as suggested by the EU and IMF) imply, among other things, a reduction in the over-hours. If such reductions were not to be accompanied by increases in labour productivity, output would be reduced considerably. This paper therefore addresses the question: “What change in sectoral labour productivity levels would have been required to deliver the actual change in final demands in Greece between 1995 and 2005, if working hours in each sector had been reduced to their EU averages?” In this framework, we develop a methodology for calculating labour productivity change by sector of economic activity in an input--output context. Next, we apply it to the Greek economy for the time period 1995--2005, the most recent period for which the required data are available. We find that the required productivity changes are the most substantial for the hotels and restaurants sector, followed by machinery manufacturing and the trade sectors.

Suggested Citation

  • Athena Belegri--roboli & Maria Markaki & Panayotis G. Michaelides, 2011. "Labour Productivity Changes And Working Time: The Case Of Greece," Economic Systems Research, Taylor & Francis Journals, vol. 23(3), pages 329-339, June.
    • Handle: RePEc:taf:ecsysr:v:23:y:2011:i:3:p:329-339
    DOI: 10.1080/09535314.2011.595777
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    References listed on IDEAS

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    1. Nayak, Purusottam, 2009. "Human Development Reports on North-East India: A Bird’s Eye View," MPRA Paper 17015, University Library of Munich, Germany.
    2. Garbellini, Nadia & Wirkierman, Ariel, 2009. "Changes in the productivity of labour and vertically integrated sectors — an empirical study for Italy," MPRA Paper 18871, University Library of Munich, Germany.
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    Cited by:

    1. Izaskun Barba & Belen Iraizoz, 2020. "Effect of the Great Crisis on Sectoral Female Employment in Europe: A Structural Decomposition Analysis," Economies, MDPI, vol. 8(3), pages 1-24, August.

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