Seamus Hogan
Biographic Data
| ID | 5737699 |
|---|---|
| NAME | Seamus Hogan |
| GIVEN NAMES | Seamus |
| FAMILY NAME | Hogan |
| SIGNATURE | HOGAN S |
| VERIFIED | No |
| TOTAL WORKS | 3 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 3 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1995 |
| LATEST PUBLICATION YEAR | 1998 |
| H-INDEX | 0 |
What Does Downward Nominal-Wage Rigidity Imply for Monetary Policy
A recent paper has suggested there might be a trade-off between inflation and unemployment at low inflation rates and this has led some economists to recommend that Canada increase its inflation rate. Underlying this view is the idea that, because firms are reluctant to cut workers' nominal wages, a moderate amount of inflation can be used to facilitate needed reductions in real wages. This paper discusses the link from downward nominal-wage rigi…
Job Security and Labour Market Flexibility
This paper discusses the desirability of government-legislated job security. Job security may be beneficial to employed workers, but it can also impose a cost on unemployed workers by lowering labour market turnover and thereby increasing the average duration of unemployment spells. This externality can lead to self-reinforcing behaviour between workers at different firms: If most workers in the economy have job security then turnover will be low…
Employment Adjustment versus Hours Adjustment
Firms can adjust to shocks by laying off and hiring workers or by adjusting the hours worked by each worker. Adjustment of hours provides job security for employed workers. Adjustment of employment generates higher labor market turnover and, thus, better job prospects for the unemployed. Since high turnover lowers the expected cost of being laid off by reducing the expected duration of unemployment, there is a strategic complementarity between fi…
No prominent works on this page.
Job Security and Labour Market Flexibility
This paper discusses the desirability of government-legislated job security. Job security may be beneficial to employed workers, but it can also impose a cost on unemployed workers by lowering labour market turnover and thereby increasing the average duration of unemployment spells. This externality can lead to self-reinforcing behaviour between workers at different firms: If most workers in the economy have job security then turnover will be low…
Employment Adjustment versus Hours Adjustment
Firms can adjust to shocks by laying off and hiring workers or by adjusting the hours worked by each worker. Adjustment of hours provides job security for employed workers. Adjustment of employment generates higher labor market turnover and, thus, better job prospects for the unemployed. Since high turnover lowers the expected cost of being laid off by reducing the expected duration of unemployment, there is a strategic complementarity between fi…
What Does Downward Nominal-Wage Rigidity Imply for Monetary Policy
A recent paper has suggested there might be a trade-off between inflation and unemployment at low inflation rates and this has led some economists to recommend that Canada increase its inflation rate. Underlying this view is the idea that, because firms are reluctant to cut workers' nominal wages, a moderate amount of inflation can be used to facilitate needed reductions in real wages. This paper discusses the link from downward nominal-wage rigi…
Economics (3 works) · Labour economics (3 works) · Unemployment (3 works) · Job security (2 works) · Labor market dynamics and wage inequality (2 works) · Macroeconomics (2 works) · Management (2 works) · Business (1 work) · Canadian Policy and Governance (1 work) · Complementarity (molecular biology) (1 work)