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Posts in the "Inequality" category

An Irish Wealth Tax

Posted on December 21, 2016 by Tom McDonnell

Scrooge McDuck - Monday blog on wages and profitability
Monday blog on wages and profitability

2017 promises to be a year of change with Brexit and Trumponomics gathering pace with diffcult to predict outcomes. One thing remaining constant is that the fiscal space available for Budget 2018 will remain tight and that discretion for current and capital spending increases and tax cuts will be limited. The fiscal council estimate that the carry-over cost of measures introduced in Budget 2017 is €650 million and that this will absorb over half of the estimated €1.2 billion of fiscal space in 2018. This at a time when the population is growing and spending on areas like housing, productive infrastructure, R&D and third level education are already low by European standards.

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Permanent link | Categories: InequalityTaxation

Big Idea: A Basic Income for Northern Ireland

Posted on August 18, 2016 by Micheál Collins

nicva image big ideas

NICVA held a Festival of Economics in Belfast on Friday August 12th.

Among the big ideas discussed was Basic Income.

The slides below are from my 2014 presentation to a NICVA masterclass on Basic Income. They explore the issue in the context of Northern Ireland, looking at the levels, costs, and likely challenges. They should also serve as a useful starting point for further work in this area. It seems, given the audience in attendance, that there is ongoing interest in the topic.

Permanent link | Categories: IncomeInequalityNorthern Ireland

70,000 workers are on the Minimum Wage

Posted on July 13, 2016 by Micheál Collins

Publication cover - Employees on the Minimum Wage in the ROI NERI WP37 - Cover image for Employees on the Minimum Wage in the ROI NERI WP37
Cover image for Employees on the Minimum Wage in the ROI NERI WP37

A new NERI research paper estimates the number of workers on the minimum wage and further profiles these workers by gender, by the sector they work in and by their employment status (full-time, part-time, permanent, temporary etc). The data, which is for 2014 (the latest available), complements an earlier paper examining the situation in 2013.

The key findings from the paper are:

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Permanent link | Categories: GenderIncomeInequalityJobsWages

2016 Living Wage: no change, yet lots of change

Posted on July 11, 2016 by Micheál Collins

The 2016 Living Wage for the Republic of Ireland has been calculated by the Living Wage Technical Group. It is €11.50 per hour. The rate is unchanged from 2015.

Over the past year there have been decreases in living costs for most items included in the living wage calculation. However, these decreases have been wiped out by increases in housing costs. The overall effect is an unchanged hourly Living Wage rate of €11.50.

The Republic of Ireland Living Wage was established in 2014 and is part of a growing international set of similar figures which reflect a belief across societies that individuals working full-time should be able to earn enough income to enjoy a decent standard of living.

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Permanent link | Categories: IncomeInequalityJobsLabour costsLiving wageWages

New Paper Models a Minimum Wage Increase

Posted on May 19, 2016 by Micheál Collins

Publication cover - modelling_lowpay_increase_neri_wp36 - Cover image for modelling_lowpay_increase_neri_wp36
Cover image for modelling_lowpay_increase_neri_wp36

The establishment of a Low Pay Commission in the Republic of Ireland and the renewed focus on low pay and a ‘living wage’ both in Ireland and the UK has revived a growing interest in policies that focus on providing adequate minimum levels of pay for all employees.

A new NERI research paper from Niamh Holton and Micheál Collins models the impact of an increase in the minimum wage to a level equal to two-thirds of median hourly earnings by 2020, a value equivalent to Eurostat’s definition of the Low Pay threshold.

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Permanent link | Categories: GenderInequalityJobsLabour costsWages

Earnings and Low Pay in the Republic of Ireland

Posted on April 19, 2016 by Micheál Collins

SSISI-logo

A paper entitled 'Earnings and Low Pay in the Republic of Ireland' was delivered to a meeting of the Statistical and Social Inquiry Society of Ireland on Thursday 14th April. The slides from the presentation are below and the paper (forthcoming in the SSISI journal) was based on an earlier NERI working paper available here.

Paper Summary:

Earnings and Low Pay in the Republic of Ireland

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Permanent link | Categories: GenderIncomeInequalityWages

Tackling Economic Inequality

Posted on January 20, 2016 by Micheál Collins

Economic Inequality

One could write a book, indeed volumes, on the topic of economic inequality and its possible causes, implications and remedies. In a blog (based on a short input to a recent conference) it is only possible to point towards a number of key issues; specifically six core areas relevant to our thinking on how we might more comprehensively tackle economic inequality. The list is not intended to be either ordered or all-encompassing, rather it offers a number of policy pointers – particularly relevant to the evolving policy positions and thinking of various political parties in advance of Election 2016.

1. Jobs and Long-term Unemployment

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Permanent link | Categories: GenderGovernment SpendingInequalityJobsTaxation

A Decade of Deprivation: trends 2005-2014

Posted on December 17, 2015 by Micheál Collins

The recently released CSO Survey on Income and Living Conditions (SILC) provides the most detailed insight that we have into the impact of the recent recession, and evolving recovery, on the day-to-day living standards of people and families in the Republic of Ireland.

One of its indicators tracks deprivation, measured as the percentage of the population who report that they are unable to afford two or more of eleven basic items. These include:

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Permanent link | Categories: IncomeInequality

NERI Post Budget Seminar

Posted on October 22, 2015 by Daragh McCarthy

Post Budget Seminar, October 2015 - NERI Post Budget Seminar, October 2015
NERI Post Budget Seminar, October 2015

The NERI seminar series resumed yesterday with an analysis of Budget 2016—presentations from each of the three speakers are available below. The speakers outlined the budgetary choices facing Irish society with a special focus on issues related to childcare and housing. Thanks to Michael Taft ( UNITE ), John-Mark Cafferty ( Society of St. Vincent de Paul ) and Dáithi Downey ( Dublin City Council ) for their contribution. The next seminar in the series will take place on 18 November and will focus on ways to boost long-run growth in the economy— further details are available here .  

Slides

Michael Taft & ‘Clear Stark Choices—Budget 2016’ NERI Post-Budget Seminar , 21 October 2015, Dublin

John-Mark Cafferty & ‘Back to the Future’ NERI Post-Budget Seminar , 21 October 2015, Dublin

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Permanent link | Categories: Government SpendingInequalityInvestmentMacroeconomicsTaxation

Almost 1 in 5 children live in poverty

Posted on October 15, 2015 by Micheál Collins

This weeks ‘family budget’ has helped highlight the challenges Irish society continues to face regarding the provision of adequate and affordable childcare, the ability of second earners with children to join the labour force and the ongoing need for substantial investment in early childhood care and education.

One context for these children-orientated policy choices is the large number of Ireland’s children that live in poverty. The latest edition of the NERI’s Quarterly Economic Facts document examines these child poverty trends using data from the CSO’s Survey of Income and Living Conditions (indicator 5.1).

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Permanent link | Categories: IncomeInequality

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