American Research Journal of Humanities and Social Sciences

Using Labour Force Survey data, the size and direction of the impact of education on employment prospects in Greece is explored along two axes: region and time. The findings suggest that educational attainment is always important across regions, but its impact on employment prospects varies along both axes. In general, more educated individuals enjoy an employment premium, but there are considerable differences across regions, especially with regards to higher levels of education, that should concern policy makers. Moreover, during the recession the employment premium of education decreased except for post-graduate studies which seem to be recession proof and, thus, a legitimate choice to improve one’s chances of being employed.