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Friday, May 14, 2010

"About That Mediterranean Work Ethic"

Do Greeks work less than Germans?:

About That Mediterranean Work Ethic, Twenty Cent Paradigms: According to many accounts of the financial crisis in Europe, one reason intervention has been slow is that it is hard to convince Germans, widely seen by themselves and others as hard-working, thrifty and virtuous, to "bail out" those lazy, spendthrift Greeks.


This bit of OECD data on hours worked per worker (via Economix) runs contrary to the stereotypes:
That is, according to the OECD, the average Greek worker logs 2120 hours per year - 690 more than a German worker.

    Posted by on Friday, May 14, 2010 at 12:15 AM in Economics, Social Insurance, Unemployment | Permalink  Comments (172)


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