The paper examines the determinants of hourly wages in the Greek labour market, with emphasis on education- and experience-related variables, using the information of the 2004-2007 Labour Force Surveys. The results are in line with the predictions of human capital theory and show that, ceteris...

Unemployment rates for young individuals are particularly high in Greece and an important fraction of the young unemployed are tertiary education graduates. The results of this study imply that the problem is the transition from education to the labour market, irrespective of the individual’s...

The usual practice in empirical distributional studies is to use either disposable income or consumption expenditure as a proxy for welfare. Essentially, both variables are used as approximations of the unobserved “permanent income” of the population members. This paper exploits the...

Health expenditure data are known to be afflicted by restricted range, zero values, skewness and kurtosis. Several methods for modelling such data have been suggested in the literature to cope with these problems. This paper compares the performance of several alternative estimators, including...