Efi Adamopoulou

@efiadamopoulou.bsky.social

Labor Economist, Deputy Head Inequality and public policy group @zew.de, affiliated with #UniMannheim, fellow @cepr.org, PhD @uc3meconomics.bsky.social, mother of 1 son, lives in Frankfurt, born in Greece https://sites.google.com/site/efiadamopoulou/

Happy to have talked to @stuttgarter-zeitung.de about recent economic developments in Greece and structural reforms in Germany. Greece’s economic development in recent years has been notable. For Germany, reducing bureaucracy, improving infrastructure and advancing digitalization remain central👇

ZEW Mannheim@zew.de · 4mo ago

🇬🇷📈 #ZEW -Ökonomin @efiadamopoulou.bsky.social erklärt in der @stuttgarter-zeitung.de, die Wirtschaftsentwicklung Griechenlands sei bemerkenswert. 🇩🇪📑 Zentrale Ansatzpunkte für Reformen in Deutschland sind Bürokratieabbau und bessere Infrastruktur 👇 www.stuttgarter-zeitung.de/inhalt.schwa...

E Adamopoulou, F Manaresi, O Rachedi, and E Yurdagul use data from the Italian metalworking sector to show that minimum wages provide insurance to low-skill workers against wage volatility while passing more of the wage adjustment burden to higher-paid workers. cepr.org/voxeu/column... #EconSky

Figure shows that blue collars suffer the most from the removal of minimum wages. Most importantly, there is substantial heterogeneity in welfare gains and losses over the skill distribution. The consumption equivalent welfare losses are above -0.2% for low-skill blue collars, while high-skill blue collars are slightly better off.

While much of the debate over minimum wages focuses on how they affect average pay levels or job losses, an equally important question is how they shape the way economic risk is shared within firms. This column uses data from the Italian metalworking sector to show how, in the case of a negative productivity shock, minimum wages provide insurance to low-skill workers against wage volatility while passing more of the wage adjustment burden to higher-paid workers. These dynamics highlight that minimum wage floors redistribute not only pay but also the risks associated with firm-level fluctuations.