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Blog Archive | 2013

Republic of Ireland’s economic outlook remains challenging

Posted on April 10, 2013 by Micheál Collins

Publication cover - QEO Spring 2013
The Nevin Economic Research Institute has published our latest Quarterly Economic Observer (Wednesday 10th April). In it we outline our latest set of projections for the Republic of Ireland economy. These suggest a period of low-growth and high-unemployment for the next three years and include: Low GDP growth of 1% and 1.2% over the next two years, increasing to 2% in 2015; a further shrinking of …

Posted in: Government SpendingMacroeconomics

How much do households need to live on?

Posted on March 28, 2013 by Micheál Collins

A regular topic in recent discussion of the policies Government is (finally) adopting to address insolvency issues is: How much of a household's income should be put towards debt repayment and how much should households be left with to live on? Despite all the recent discussion, there is a simple research based solution to these questions - one derived from the Minimum Income Standards research …

Posted in: Income

Personal Debt Deals

Posted on March 23, 2013 by Tom Healy

Tom Healy, Director NERI
The publication of guidelines in relation to personal insolvency yesterday has at least two positive features: consideration of a living income is very much under debate and this is to be welcome some individuals and households in situations of mortgage or other debt distress are likely to move towards greater certainty in relation to what happens next. it is to be very much hoped that those in …

Has long-term unemployment turned the corner?

Posted on March 20, 2013 by Rory O'Farrell

long term unemployment
In the first quarter of last year long-term unemployment as a share of total employment peaked at 64% and is on a downward trend. The latest evidence from the Quarterly National Household Survey the number of long term unemployed fell by 19,600 (in Q4 2012 compared to Q4 2011). So has long-term unemployment turned the corner? Unfortunately the Quarterly National Household Survey also shows the …

Women in the Economy and Labour Market

Posted on March 11, 2013 by Micheál Collins

Last week, on International Women's Day, I spoke at the ICTU joint women's committee seminar on the topic of 'Women in the Economy and the Labour Market'. My paper highlighted the latest data on the current challenges facing women, North and South, as they participate in the economy, enter or leave the labour market and cope with the impacts of the recession. While I pointed at a number of …

Posted in: GenderIncomeInequality

Still a high income country – despite the recession

Posted on March 11, 2013 by Micheál Collins

Indicator 4.1 from the NERI's latest Quarterly Economics Facts (QEF) document shows that despite the financial crisis, the Republic of Ireland's income per capita remains high. The latest data, for 2011, show that Ireland's average income of €35,400 is the sixth highest in the EU. The figure is calculated by dividing GDP by the population. Using Gross National Product (GNP), a measure which …

Posted in: IncomeInequality

Investing in our Children

Posted on March 05, 2013 by Micheál Collins

Children are central to the long-term success of our society and economy; of course they are a lot more than that. However, taking the narrow focus of economic policy and long-term investments, all the evidence points towards the merit of investing in high quality professionally provided education and care for our children. When it comes to the model we should adopt, a number of Scandinavian …

Posted in: InequalityInvestment

Almost two-thirds of unemployed are long term unemployed

Posted on February 19, 2013 by Rory O'Farrell

long term unemployed
As total unemployment rates have increased across Europe the proportion of total unemployed who are long-term unemployed has increased especially since the first Quarter of 2009. The rate in the Republic of Ireland has risen sharply and overtook the EU 15 average in the last quarter of 2009. Currently, long-term unemployed account for over 60% of all unemployed in the Republic compared to just …

Is a ‘living wage’ such a mad idea?

Posted on February 12, 2013 by Micheál Collins

Over recent years I have been involved in publishing a number of research papers and reports on issues related to low income in Ireland (see a list here). Among these, work with the Vincentian Partnership for Social Justice focused on establishing the cost of a minimum essential standard of living in Ireland and subsequently estimating the income required to experience this. Outside Ireland, most …

Posted in: GenderIncomeInequalityJobs

Wealth in Ireland: stable but what of its distribution?

Posted on February 11, 2013 by Micheál Collins

Indicator 4.4 from the NERI's latest Quarterly Economics Facts (QEF) document shows that despite the financial crisis, net financial wealth per person has been remarkably stable across Europe. In Ireland, the average resident possessed €26,507 of financial wealth (such as cash, bank deposits, or shares) in 2011 - the latest year where comparable EU wide data is available. This figure does not …

Posted in: IncomeInequality

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