The crisis in Greece led to one of the largest economic shocks in European history. Drawing on micro-data from the Greek Labour Force Survey, we utilize standard micro-econometric methods and non-linear decomposition techniques to measure the size of the shock exerted on the Greek regional and national labor markets and the compositional and price adjustments in response to this. We find elements of economic dynamism, with some sizeable price adjustments in the economy of the Greek capital, Athens; but overall our results show that compositional adjustments (in labor quality/characteristics) have been partial and limited, becoming stronger only in the more recent recovery. Our results suggest a significant metropolitan advantage with regard to economic resilience, coming predominantly from a more efficient functioning of the labor market in metropolitan areas vis-a-vis other regions. Our use of the decomposition techniques for the analysis of macro-level developments in the labor market offers a novel perspective to the application of the decomposition methodology.

希腊的危机导致了欧洲历史上最大的经济冲击之一。根据希腊劳动力调查的微观数据，我们利用标准的微观计量经济学方法和非线性分解技术来衡量对希腊区域和国家劳动力市场施加的冲击的规模，以及根据市场变化做出的成分和价格调整这个。我们发现了经济活力的要素，对希腊首都雅典的经济进行了相当大的价格调整。但总体而言，我们的结果表明，成分调整（在劳动质量/特征方面）是局部且有限的，仅在最近的复苏中才变得更加强大。我们的结果表明，大城市在经济弹性方面具有优势，主要来自大城市地区相对于其他地区的劳动力市场更有效的运作。我们将分解技术用于劳动力市场宏观发展的分析，为分解方法的应用提供了新的视角。