Restructuring the Greek Labor Market During the Last Two Economic Crises

Abstract

AbstractThe labor market is a volatile environment that supports economic activity though, it is directly affected by shifts in economic activity through the channels of labor supply and labor demand. These shifts are observable due to the changes in the relative demand for the occupations. Thus, the changes observed within these two channels can provide important information about the requirements within the labor market. This chapter analyzes the effects of the two major crises (2010, 2020) on the labor market by focusing on the conditions that impact the labor market. Furthermore, the Greek Labor market is being examined in terms of educational requirements for the period 2010–2025. The analysis elaborates on the need for reskilling and upskilling of the workforce as well as on the policy proposals that incorporate training and lifelong learning programs for the workforce.KeywordsPolarization phenomenonSkill shortagesSkill surplusesSkill-mismatchJob transitionsJob pivotsJob familiesLifelong learning