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ISRN Economics
Volume 2012 (2012), Article ID 619602, 9 pages
http://dx.doi.org/10.5402/2012/619602
Research Article

Unemployment in Greece: Econometric Evidence after the Athens 2004 Olympics and before the Global Financial Crisis of 2007–2009

Department of Social and Policy Sciences, University of Bath, Claverton Down, Bath BA2 7AY, UK

Received 4 September 2012; Accepted 21 September 2012

Academic Editors: D. M. Hanink, B. M. Tabak, and E. Yeldan

Copyright © 2012 Stavros Rodokanakis. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

This paper investigates the probability of employment in Greece and focuses on 2006, namely, well after the Athens 2004 Olympics and its fiscal stimulus and before the eruption of the global financial crisis of 2007–2009 that transformed into an economic and sovereign debt crisis with unprecedented consequences in the country's postwar economic history. Based on microdata from the Labour Force Survey, the analysis depicts the impact of gender, age, marital status, area of residence, level of education, and immigrant status on finding a job, in Greece as a whole and the two most populated Greek regions, Attica and Central Macedonia. The findings of the logit model show differences in the three areas under examination mainly among the educational variables and area of residence.