Greece’s labour market entered the COVID-19 shock following several years of sustained employment growth and with wages … picking up. Unemployment remained high and employment rates were low, especially among women, the young and older workers. The … informality. This heightens insecurity – by excluding many workers from activation policies or social and employment protection …

This paper examines whether differences in welfare regimes shape the incentives to work and get educated. Using … microeconomic data for more than 100,000 European individuals, the results show that welfare regimes make a difference for wages and … weakest welfare systems, i.e. those with what is known as ‘Residual’ welfare regimes (Greece, Italy, Spain and Portugal …

standards enhances Southern welfare unambiguously. …

displacement entails a persistent fall in earnings upon re-employment due to the loss of tenure. The model is solved numerically … persistent earning losses, we find that the welfare gains from the insurance against job displacement afforded by severance pay …

the absence of persistent earning losses, we find that the welfare gains from the insurance against job displacement …