This paper examines the determinants of the income share of wage earners in the non-financial, private sectors of Greece since its introduction to the Eurozone in 1999. The main outcome of the integration of Greece into the Eurozone has been the financialisation of its economy, which has been particularly influential for households since it led to the rapid rise of household indebtedness. Building on recent research which shows that financialisation shape wage bargaining outcomes, we use quarterly data from the Eurostat and demonstrate that the relative size of the FIRE sectors and the increase in household debt have been negative drivers of the wage share in Greece over the last 22 years. Our findings also suggest that the employment-tied social benefits system and tertiary education provision have also been important determinants of workers’ income share.

Giorgos Gouzoulis

Panagiotis (Takis) Iliopoulos

Giorgos Galanis

European Journal of Industrial Relations

It embraces a broad definition of industrial relations and includes articles which relate to any aspect of work and employment. It publishes rigorous and innovative work on and from all European countries, from the Atlantic to the Urals. All social science disciplines are relevant to its remit, and interdisciplinary approaches are particulary encouraged. A major objective is to foster cross-national comparative analysis; and in this context, work which relates European developments to broader global experience is welcome.

The European Journal of Industrial Relations embraces a broad definition of industrial relations, including articles related to all aspects of work and employment. It publishes rigorous and innovative research from all European countries, spanning from the Atlantic to the Urals. All social science disciplines are relevant to its remit, and interdisciplinary approaches are particularly encouraged. A major objective is to foster cross-national comparative analysis; in this context, work that relates European developments to broader global experiences is also welcome.

《European Journal of Industrial Relations》涵盖了工业关系的广泛定义，包含与工作和就业的各个方面相关的文章。该期刊发表来自所有欧洲国家的严谨和创新的研究，范围从大西洋到乌拉尔山脉。所有社会科学学科均与其宗旨相关，特别鼓励跨学科的方法。其主要目标是促进跨国比较分析；在此背景下，涉及将欧洲发展与更广泛的全球经验联系起来的研究也受到欢迎。

Category	Quartile
管理学	3
管理学, 劳动关系学	3

EU-induced financialisation and its impact on the Greek wage share, 1999–2021

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Journal Info

Category	Quartile
INDUSTRIAL RELATIONS & LABOR	2