EU-induced financialisation and its impact on the Greek wage share, 1999-2021.

Autor/inn/en	Gouzoulis, Giorgos; Iliopoulos, Panagiotis; Galanis, Giorgos
Titel	EU-induced financialisation and its impact on the Greek wage share, 1999-2021. Gefälligkeitsübersetzung: EU-induzierte Finanzialisierung und ihre Auswirkungen auf die griechische Lohnquote, 1999-2021.
Quelle	In: European journal of industrial relations, (2024) online first, October 18, 2024, 26 S. PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; Zeitschriftenaufsatz
ISSN	1461-7129
DOI	10.1177/09596801241292046
Schlagwörter	Bildungsexpansion; Europäische Integration; Kapitalismus; Euro (Währung); Finanzmarkt; Finanzwirtschaft; Lohnpolitik; Privathaushalt; Privatwirtschaft; Tarifverhandlung; Verschuldung; Währungsunion; Ökonomisierung; Auswirkung; Entwicklung; Griechenland
Abstract	"This paper examines the determinants of the income share of wage earners in the non-financial, private sectors of Greece since its introduction to the Eurozone in 1999. The main outcome of the integration of Greece into the Eurozone has been the financialisation of its economy, which has been particularly influential for households since it led to the rapid rise of household indebtedness. Building on recent research which shows that financialisation shape wage bargaining outcomes, we use quarterly data from the Eurostat and demonstrate that the relative size of the FIRE sectors and the increase in household debt have been negative drivers of the wage share in Greece over the last 22 years. Our findings also suggest that the employment-tied social benefits system and tertiary education provision have also been important determinants of workers' income share." The study refers to the period 1999-2021 (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2025/3