Blog Archive | 2013

New Report on Republic’s Income Distribution

Posted on August 07, 2013 by Micheál Collins

Publication cover - NERI Research inBrief Income Dist August 2013
The latest NERI Research inBrief, entitled Income Distribution, Pre-distribution and Re-distribution: latest data for the Republic of Ireland, provides the latest information on income distribution in the Republic of Ireland. Pre-distribution, the direct income distribution reflects a large proportion of Irish society with little, if any, market income. The combined direct income share of the …

Posted in: IncomeInequality

Reforming Tax Credits in Budget 2014

Posted on July 31, 2013 by Micheál Collins

Taxation options are a key context for the forthcoming Budget (October). However, given the distortionary effect of any taxation change, and the fragility of the domestic economy, any choices around raising additional tax revenues are challenging. These challenges are magnified given the notable increases to most areas of taxation over recent years. As such, it remains important that choices are …

Posted in: Government SpendingIncomeTaxation

Positive growth, but no cause for celebration

Posted on July 26, 2013 by Paul Mac Flynn

The UK economy posted its second quarter of positive growth yesterday, and many have heralded the beginning of a long awaited recovery. However, while some growth is better than none, some perspective is needed before one starts popping champagne corks. Firstly, 0.6% can hardly be describes as robust growth. Indeed, as many have pointed out, the last time the economy grew by 0.6% it was followed …

Posted in: MacroeconomicsNorthern Ireland

Budget 2014: Some Tax Options

Posted on July 15, 2013 by Micheál Collins

On Saturday last, July 13th, Claiming Our Future held a conference in Corke Park to consider the options and policy choices for Budget 2014. As part of the conference, I presented some options on taxation - my slides are available here. In it I argued that the Budget should focus on growth and recovery and adopt a more growth friendly approach to making the €3.1bn adjustment planned for this …

Posted in: MacroeconomicsTaxation

Over thirty unemployed people for each vacancy

Posted on July 15, 2013 by Rory O'Farrell

unemployed per vacancy
In 2012 there were 32.1 people available for work for each vacancy. Though there are some shortages for specific skills (Forfás has recently released a report on the issue), the main cause of unemployment is not a lack of people willing to work, but simply a lack of jobs. In contrast, in Germany there are only 2.2 unemployed persons per vacancy, showing that in Germany unemployment is mainly …

Posted in: Jobs

Income: The Gender Divide

Posted on July 01, 2013 by Micheál Collins

Project 365, Day 28: Glass Ceiling - FallenPegasus
There are many measures examining differences in various socio-economic characteristics among men and women. In general, women are better educated, healthier, live longer but earn less - factors which in themselves point towards gaps in societal equality for both sexes. Focusing just on income, it is possible to take the most comprehensive measure of incomes available for the Republic of Ireland …

Posted in: GenderIncomeInequality

Revisions to UK GDP growth

Posted on June 28, 2013 by Paul Mac Flynn

The ONS yesterday released the third estimate of GDP figures for the first quarter of 2013 where growth was revised down from 0.6% to 0.3%. The revisions to recent historical data also erased the "double-dip" recession that was thought to have occurred in in the first quarter of 2012. Growth in 2012 Q1 was revised up from -0.1% to 0.0%, a stagnation as opposed to contraction. The ONS …

Posted in: JobsMacroeconomicsNorthern Ireland

We need a change of course and we need it now

Posted on June 27, 2013 by Tom Healy

Tom Healy, Director NERI
While caution is always advisable in examining the latest quarterly data, the release by the Central Statistics Office of the latest quarterly national accounts was something of a wake-up call to those eager for news of a recovery. The Republic of Ireland is in a deep stagnation. The downturn has lasted longer than any period of recession since the 1950s, here. A further contraction in personal …

Posted in: Government SpendingInequalityInvestmentMacroeconomicsTaxation

Changing Reasons for Economic Inactivity

Posted on June 16, 2013 by Paul Mac Flynn

Northern Ireland has historically always had a higher rate of economic inactivity than either the Republic of Ireland or any of the other 11 regions of the United Kingdom. While the overall rate of economic inactivity has actually reduced somewhat over the crisis from 2008, it still remains above all other regions. There is a distinction within the economically inactive between those who do not …

Posted in: JobsNorthern Ireland

Employment increases, incomes squeezed

Posted on June 12, 2013 by Paul Mac Flynn

Employment figures for the UK published today show a small return to growth in employment in the last three months to April this year. The increase in employment has been mainly due to a large increase in employment among older workers, many of pension age, and it is not clear whether this is by choice or whether older workers are finding themselves under financial pressure.   However the …

Posted in: IncomeJobsLabour costsNorthern Ireland

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