In many countries infrastructure liberalization proceeded faster than the privatization of former state monopolies. Regulatory agencies, established to oversee the transition and safeguard the preconditions for competition, therefore monitor state-owned firms in addition to privately owned...

This article examines the effects of the economic crisis and the institutional reforms undertaken in the Greek private sector labour market using Social Security Fund (IKA) data. The data used are classified by the number of insured employees, their wages as well as the number of active firms....