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New Paper Models a Minimum Wage Increase

Posted on May 19, 2016 by Micheál Collins

Publication cover - 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 …

Posted in: GenderInequalityJobsLabour costsWages

Do we overspend on health?

Posted on May 14, 2016 by Tom Healy

Tom Healy, Director NERI
Ministerial responsibility for health services in the Republic of Ireland has been compared to a stay in some African country. For all its woes and failings the National Health Service (NHS) seems to be a badge of national pride in the UK even 60 years after its establishment. What is it about the Irish health service and its management that attracts so much opprobrium? Everyone wants an …

Wages, Productivity and inflation

Posted on May 08, 2016 by Tom Healy

Tom Healy, Director NERI
Wages are rising again for most workers in most sectors of the economy. The increases are moderate and in many cases the settlements made stretch out over a number of years and are, typically, related to ‘productivity’ measures.  Growth in wages and in productivity is good news all round. Yet, the pace of change and the distribution of change by sector and occupation has wider implications …

What sort of Europe do we want?

Posted on April 29, 2016 by Tom Healy

Tom Healy, Director NERI
To brexit or not to brexit is a question for the people of the UK next month. There is, however, an even more fundamental question for all Europeans: what sort of Europe do we want and how do we attain it? Inevitably, the short-term questions and concerns regarding trade, investment, employment, migration and regulation of economic activity will drive the debate around Brexit and these matters …

The Tragedy of Hamlet

Posted on April 23, 2016 by Tom Healy

Tom Healy, Director NERI
 ‘Neither a borrower or a lender be’ so said Polonius in The Tragedy of Hamlet Prince of Denmark by William Shakespeare. However, economies in modern times don’t work this way and neither did medieval societies notwithstanding the moral strictures placed on usury.  The fact is that income does not match spending on a day-to-day or year-to-year basis.  Lending and borrowing are based on …

Slides from NERI Seminar on The Fiscal Implications of Demographic Change in the Health Sector

Posted on April 21, 2016 by Louisa O'Brien

Paul GK Monthy Seminar Fiscal Health
Slides from yesterday's NERI Seminar on The Fiscal Implications of Demographic Change in the Health Sector delivered by Paul Goldrick-Kelly, NERI.  The NERI Working Paper is available here.    

Posted in: GenderLiving wage

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 As signs …

Posted in: GenderIncomeInequalityWages

Female participation in the Irish labour market remains below EU levels

Posted on April 17, 2016 by Tom Healy

Tom Healy, Director NERI
The level and quality of employment together with the distribution of skills is central to productivity.  Full employment is possible provided that public policy is directed to this as an overriding priority. When some economists speak of a ‘natural rate of unemployment’ they betray an underlying prejudice – not based on historical evidence – that a particular rate of unemployment is …

Wage inequality on the rise

Posted on April 08, 2016 by Tom Healy

Tom Healy, Director NERI
Although inequality of income has taken up a lot of analytical space for many years much less attention has been given to trends in wage inequality. Last week I focussed on the share of labour in total income in the Republic of Ireland. This week I look at trends in wage inequality.  Two facts stand out: wage inequality in the Republic of Ireland is among the highest in the OECD world (Chart 1) …

A worrying trend in wages

Posted on April 01, 2016 by Tom Healy

Tom Healy, Director NERI
I bet you are perplexed by the title. Read on.  Since the 1980s wages have declined sharply as a proportion of total income in the Republic of Ireland. While total income or production (GDP, GNI or GVA as you wish) has grown dramatically since the early 1990s the share of wages in the total cake as declined. The Republic of Ireland is not unique by any means. In other major economies – notably …

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