Posts from "Tom Healy"

Tom Healy

Tom Healy is Director of the Nevin Economic Research Institute (NERI). Tom has previously worked in the Economic and Social Research Institute, the Northern Ireland Economic Research Centre, the Organisation for Economic Cooperation and Development, the National Economic and Social Forum and the Department of Education and Skills.

He holds a PhD (economics and sociology) from UCD. His research interests have included the impact of education and social capital on well-being, social vision and economic strategy for the island of Ireland, Education, Housing and Health.

Wages on the rise after 7 years of stagnation.

Posted on June 05, 2015 by Tom Healy

Tom Healy, Director NERI
As data filter through every three months from the Central Statistics Office it is clear that wages are recovering slowly across most sectors of the economy. The adjustment of the labour market over a period of 7 to 8 years since the crash of 2008 is, and will be, the subject of research – did wages fall everywhere? Why did wages increase during the recession in many successful exporting firms? …

All islands economy

Posted on May 29, 2015 by Tom Healy

Tom Healy, Director NERI
The development of closer economic ties between both parts of Ireland has been a feature of growing European integration as well as the establishment of a ‘peace dividend’ following the Good Friday agreement of 1998.  While much research work has been undertaken in relation to cross-border and all-island economic affairs there is a considerable gap in knowledge about the extent and nature of …

From correction to prevention

Posted on May 22, 2015 by Tom Healy

Tom Healy, Director NERI
Employment has increased significantly, in the Republic of Ireland, since 2012. This is very welcome. While the details and scale of the increase has been open to statistical interpretation  it is clear that a recovery in output in most sectors of the economy has spilled over into job creation (See Chart 1 below). Unemployment, as estimated on the basis of the ‘standardised unemployment …

Posted in: JobsWages

Time to re-think enterprise policy

Posted on May 16, 2015 by Tom Healy

Tom Healy, Director NERI
There is a view shared widely, North and South, that (i) the overall contribution of indigenous (or native) enterprises is underdeveloped, (ii) a large-scale reliance on foreign direct investment (especially in the case of the South), while welcome in itself, is not a sustainable long-term strategy, and (iii) something needs to be done about this even if it will take years to see the fruits of a …

Posted in: Government SpendingInvestment

The wealth of nations is not so even

Posted on May 09, 2015 by Tom Healy

Tom Healy, Director NERI
When Adam Smith wrote ‘The Wealth of Nations’ in 1776 wealth consisted mainly of land, housing and other treasures.  While comprehensive data are hard to come by, Thomas Piketty in his book, Capital in the 21 st Century, managed to track the main trends and composition of wealth in a number of large countries such as Britain, France and Germany.  Here in Ireland discussion of wealth has …

Posted in: Inequality

Spring is in the air

Posted on May 03, 2015 by Tom Healy

Tom Healy, Director NERI
The late Robin Williams once declared that spring is nature’s way of saying ‘let’s party’. The arrival of the ‘Spring Economic Statement’ last week had a seasonal dimension to it: a heightened expectation in advance, a very predictable outcome, a dash of hope and sunshine but some lingering chills and showers.  The Statement – although lengthy and accompanied by the normal 60-page …

Posted in: Government SpendingMacroeconomics

'These truths we hold to be self-evident...'

Posted on April 25, 2015 by Tom Healy

Tom Healy, Director NERI
‘These things we hold to be self-evident …. ‘ is a line taken from the 1776 USA Declaration of Independence.  Given the emerging debate  - such as it is – in the Republic of Ireland on matters to do with taxation, social spending and related areas it would seem that the following ten canonical statements are universally believed in, rarely contested and frequently asserted: ‘Ireland …

Posted in: Government SpendingIncomeInequalityInvestmentJobsLabour costsMacroeconomicsTaxationWages

Triangulating pay, taxes and the 'social wage'

Posted on April 18, 2015 by Tom Healy

Tom Healy, Director NERI
[The following is an extract from a speech given recently at the Annual Delegate Conference of the Public Service Executive Union - PSEU]   It is urgent that evidence is brought to bear on important political and social debates. It is also important that those issues and questions that are neglected are given attention. The NERI is involved at a number of areas of research: -       …

Northern Ireland has taken greatest hit on living standards

Posted on April 11, 2015 by Tom Healy

Tom Healy, Director NERI
A key issue in the run-up to the UK General Election has been changes in living standards. While economics is not everything in the universe, the level and change in living standards is a very important factor in shaping the climate of public opinion. Not just the level and change in living standards but the understandings about what happened and why and expectations about what should happen in …

Education at the cutting edge of a new vision

Posted on April 04, 2015 by Tom Healy

Tom Healy, Director NERI
[Text of address to be given at Irish National Teachers Organisation Annual Conference in Ennis, Co Clare, on 6 April 2015] Easter week marks the time when many education related organisations hold their annual gathering. It is an occasion of discussion, meetings, announcements, statements, sometimes protests but very often renewed resolve. Those involved in education whether as parents, …

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