Blog Archive

The lost decade of wages

Posted on June 02, 2016 by Tom Healy

Tom Healy, Director NERI
Wages is not an easy topic to consider on the first day of the week which happens to be a public holiday and a mixed one weather wise at that in the Republic of Ireland. Wages form the biggest share of household income for most households. Following years of wage freezes or cuts the economy is in a strong recovery mode now. Yet, as pointed out in previous blogs on this site wage recovery is …

Papers from the 4th Annual NERI Labour Market Conference - May 2016

Posted on May 31, 2016 by Louisa O'Brien

University of Limerick
  4th Annual NERI Labour Market Conference University of Limerick - May, 2016 Papers      Productivity, Innovation and the Future Labour Market  Dr Tom McDonnell, NERIProductivity, innovation and long-run growth Professor Jim Deegan, ULArtificial intelligence and robotics: some issues for the future labour market Kevin O’Kelly, ETUIMillennials and the 21st century labour market Gender and …

Posted in: GenderLabour costs

What role should research organisations play today in Ireland?

Posted on May 26, 2016 by Tom Healy

Tom Healy, Director NERI
On this island we are blessed with an abundance of research organisations and research knowledge coupled with unprecedented access to data sources that we could only have dreamt of a generation ago. Investment in official statistical infrastructure (much of which was prompted by statistical reporting requirements in the European Union) has helped open up new sources of information crossing …

Professionalising Economics

Posted on May 24, 2016 by Micheál Collins

A new initiative from the Irish Economics Association (IEA), the umbrella body for professional research economists in Ireland, is worthy of note. The IEA has set out a series of ‘guiding principles’ for its members. In essence these set out how professional economists should be operating. The principles cover areas including research work and collaboration, empirical analysis, peer review, …

Some questions about the Programme of (new) Government

Posted on May 22, 2016 by Tom Healy

Tom Healy, Director NERI
The recent Programme of Government has set the scene for policy priorities for the coming three years. Clearly, much will depend on international events as well as developments closer to home in shaping the success of economic policy.  The Programme is long on aspiration and light on detail – as inevitably most long-term plans are. However, it is clear that in so far as public expenditure is …

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 …

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