Job Security and Labour Market Flexibility
Bibliographic Data
| ID | 11968686 |
|---|---|
| Authors | Seamus Hogan (corresponding author), Christopher Ragan |
| Year | 1995 |
| Volume | 21 |
| Issue | 2 |
| Pages | 174-174 |
| Publication date | 1995-06-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Canadian Public Policy (JOURNAL) |
| Journal identifiers | ISSN: 0317-0861 • E-ISSN: 1911-9917 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/3551592 |
| OpenAlex | W2063080357 |
| Language | EN |
| Citations received | 1 |
| References cited | 4 |
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 and the duration of unemployment following a layoff is likely to be high. As a result, other workers will also desire job security. Even in the absence of legislation, therefore, the externality may result in more job security being provided than is socially desirable
Business · Economic growth · Economics · Flexibility (engineering · Job security · Labour economics · Labour market flexibility · Management · Unemployment · Work (physics · Economic Policies and Impacts · Engineering · Labor market dynamics and wage inequality · Politics, Economics, and Education Policy
| Unique citing works | 1 |
|---|---|
| Citations per year | 0.03 |
| Citation span | 1997 - 1997 (1) |
| Citation velocity | historical |
| Highly cited | No |