Browsing Economics Working Papers & Policy Papers, 1982 -- August 2011 by Author "Hogan, Vincent (Vincent Peter)"

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Browsing Economics Working Papers & Policy Papers, 1982 -- August 2011 by Author

Browsing Economics Working Papers & Policy Papers, 1982 -- August 2011 by Author "Hogan, Vincent (Vincent Peter)"

Now showing items 1-14 of 14

The behaviour of inflation and unemployment in the United States

Hogan, Vincent (Vincent Peter) (University College Dublin, School of Economics, 2000-06)

Low rates of inflation have been recorded in the United States in recent years despite a decline in the unemployment rate. This phenomenon could be the result of a series of transitory shocks or of a permanent change in ...
The determinants of reservation wages

Hogan, Vincent (Vincent Peter) (University College Dublin, School of Economics, 1999-08)

Most theories of involuntary unemployment predict that the equilibrium wage in the labor market will be greater than the reservation wage of the unemployed. These theories concentrate on explaining why the labor market ...
Dispersion in the economic return to schooling

Harmon, Colm ; Hogan, Vincent (Vincent Peter) ; Walker, Ian (University College Dublin. School of Economics, 2001-08)

In this paper we extend the standard human capital earnings function to include dispersion in the rate of return to schooling by treating the return as a random coefficient. One motivation is that if the increase in supply ...
Do taxes cause unemployment?

Hogan, Vincent (Vincent Peter) (University College Dublin. School of Economics, 2001-01)

In the long run the economic incidence of a tax is unaffected by whether a tax is levied on workers, consumers or firms. In the short run, however, with wages and prices not fully flexible the incidence may be different. ...
Education choice under uncertainty and public policy

Hogan, Vincent (Vincent Peter) ; Walker, Ian (University College Dublin. School of Economics, 2003-01)

We analyse how progressive taxation and education subsidies affect schooling decisions when the returns to education are stochastic. We use the theory of real options to solve the problem of education choice in a dynamic, ...
Education choice under uncertainty : implications for public policy

Hogan, Vincent (Vincent Peter) ; Walker, Ian (University College Dublin. School of Economics, 2006-11)

We analyse how progressive taxation and education subsidies affect schooling decisions when the returns to education are stochastic. We use the theory of real options to solve the problem of education choice in a dynamic ...
Estimating the welfare cost of taxation in a labour market with Unemployment and non-participation

Hogan, Vincent (Vincent Peter) (University College Dublin. School of Economics, 1999-02)

The standard public finance analysis of the welfare cost of labour income taxation is based on the estimation of labour supply functions that treat unemployed individuals as non-participants. This paper applies econometric ...
Expansionary fiscal contractions?

Hogan, Vincent (Vincent Peter) (University College Dublin. School of Economics, 2001-02)

We examine the usefulness of the Expansionary Fiscal Contraction hypothesis in explaining the performance of the Irish and Danish economies. We find some evidence in favour of a weak version of the EFC hypotheisis: If the ...
Expansionary fiscal contractions? Evidence from panel data

Hogan, Vincent (Vincent Peter) (University College Dublin. School of Economics, 2003-01)

We examine the ability of the Expansionary Fiscal Contraction (EFC) hypothesis to explain the performance of of OECD economies during times of crisis. We find some limited evidence in its favour: if public consumption is ...
Explaining the volume of North-South trade in Ireland : a gravity model approach

Hogan, Vincent (Vincent Peter) ; Fitzsimons, Emla ; Neary, J. Peter (University College Dublin. School of Economics, 1999-06)

The authors address the question of whether the volume of manufacturing trade between Norther Ireland and the Republic of Ireland is more or less than might be expected in the light of international experience. They estimate ...
Measuring the NAIRU – a structural VAR approach

Zhao, Hongmei ; Hogan, Vincent (Vincent Peter) (University College Dublin, School of Economics, 2006-11)

We calculate the NAIRU for the U.S. in a framework where inflation and the unemployment rate can respond to each other. The NAIRU is defined as the component of the actual unemployment rate that is uncorrelated with inflation ...
Productivity growth and inflation : a multi-country study

Hogan, Vincent (Vincent Peter) ; Zhao, Hongmei (University College Dublin, School of Economics, 2006-11)

Ball and Moffitt (2001) present a theory implying that the gap between productivity and wage aspirations can shift the traditional Phillips Curve. We examine their theory within the OECD. The results show that there is no ...
Using heteroscedasticity to estimate the returns to education

Hogan, Vincent (Vincent Peter) ; Rigobon, Roberto (University College Dublin. School of Economics, 2003-01)

We apply a new estimator to the measurement of the economic returns to education. We control for endogenous education, unobserved ability and measurement error using only the natural heteroscedasticty of wages and education ...
Wage aspirations and unemployment persistence

Hogan, Vincent (Vincent Peter) (University College Dublin. School of EconomicsUniversity College Dublin. Institute for the Study of Social Change (Geary Institute), 2003-04)

The reservation wage is an integral part of most theories of involuntary unemployment. We use panel data to examine the empirical determinants of the reservation wage - in particular the influence of previous wages - and ...