Gender wage gaps and economic crisis in Greece |
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| Authors: | George Agiomirgianakis Georgios Bertsatos Nicholas Tsounis |
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| Institution: | 1. Economic Analysis and Policy Lab, School of Social Sciences, Hellenic Open University, Patras, Greecegmagios@eap.gr;3. Department of Economics, School of Economic Sciences, Athens University of Economics and Business, Athens, Greece;4. Economic Analysis and Policy Lab, School of Social Sciences, Hellenic Open University, Patras, Greece;5. Department of International Trade, Technological Institute of Western Macedonia, Kastoria, Greece |
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| Abstract: | ABSTRACTWe examine gender wage gap (GWG) in Greece for 2013, by using a survey data set. Our findings show first, that the unadjusted GWG is 15.3%, while European Commission reports a value of 15%. Secondly, we derive the ‘adjusted’ GWG, using the Oaxaca and Ransom (OR) and the Juhn, Murphy and Pierce (JMP) methods to be ranging from 10% to 13.6%. Thirdly, looking into the behaviour of the full population, we find a decreasing trend for the discrimination effects, an increasing trend for the residuals effects and a ‘random’ endowments effects while moving to higher deciles. These three effects are associated to the economic crisis 2008–2015. Fourthly, our findings do not show evidence of either a ‘glass ceiling’ effect or a ‘sticky floor’ effect. Finally, that there is strong evidence that investing in higher education reduces the wage discrimination between sexes. |
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| Keywords: | Gender differences in the labour market gender wage gaps Mincer equation Oaxaca-Blinder decomposition Quantile regression |
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