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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.

Wage repression – the new orthodoxy

Posted on September 05, 2014 by Tom Healy

Tom Healy, Director NERI
 Wages have been falling since 2009 in the Republic of Ireland. This deterioration has been accompanied by (i) an erosion in purchasing power as the prices of most goods and services rise and (ii) less money in people’s pockets as taxes and public charges have risen and many social payments have been cut (or have not kept pace with inflation). The surprising story – perhaps – is that the …

Posted in: Wages

Youth labour market still in recession

Posted on August 30, 2014 by Tom Healy

Tom Healy, Director NERI
The week gone by brought some mixed news in regards to wages and employment trends in the Republic of Ireland.  The recovery in total estimated employment from about the end of 2012 has continued into 2014 but at a much reduced pace. At the same time, wages are dropping slightly on average (before account is taken of taxes and social transfers). And the estimated numbers emigrating are …

Posted in: Jobs

Wages stagnation in Northern Ireland a brake on recovery

Posted on August 22, 2014 by Tom Healy

Tom Healy, Director NERI
The speed of economic recovery in the UK has taken many by surprise. First the good news. Employment is up. Retail sales are up and business investment is expanding. This is good news for exporters in the Republic of Ireland especially those in sectors such as agri-food where, traditionally, the UK market has been an important destination. It is also good news for Northern Ireland where, even if …

Posted in: Northern Ireland Wages

The Energy Debate: touch choices

Posted on August 15, 2014 by Tom Healy

Tom Healy, Director NERI
Fracking – or Induced hydraulic fracturing to give it its full technical term – is rapidly developing as an issue of public debate. In the United States where fracking has been in operation for many years the output of oil and gas is making a significant contribution to opening up alternative sources of fossil fuel energy (gas or oil) to those coming from the Middle East. US production of gas …

It's party time again?

Posted on August 08, 2014 by Tom Healy

Tom Healy, Director NERI
News of rising house prices, fewer households in negative equity, falling dole queues, rising spending in the shops and the long farewell to the Troika together with a relatively benign Irish summer, so far, have lifted the economic mood a little in the Republic of Ireland. In the North the spillover from improvements in the UK wide economy are being felt. A sign that conditions are improving is …

The economics of aye or nay

Posted on August 01, 2014 by Tom Healy

Tom Healy, Director NERI
Adam Smith, a Scottish political economist and philosopher of the 18th century is famous for having written The Wealth of Nations. He is less well known for having written an important work entitled The Theory of Moral Sentiment. The latter work is a very important contribution to moral and political economy.  The outcome of the referendum on the proposed political independence of Scotland on …

Après Piketty

Posted on June 27, 2014 by Tom Healy

Tom Healy, Director NERI
In scenes slightly reminiscent of the papal visit to Ireland in 1979 the departure of what the media has styled ‘rockstar’ Thomas Piketty has left a curious void.  Was it a temporary mid-summer event to fete the fascinating and seductive ideas of a left-leaning French economist while regretting all the time ‘but that would never work here because ….’?  We belong to a world where tax …

Posted in: Inequality

US-EU trade deal (TTIP): separating the baby from the bathwater

Posted on June 21, 2014 by Tom Healy

Tom Healy, Director NERI
Trade and investment across regions and continents can be good for people. It can raise levels of productivity, create jobs and encourage global cooperation to the betterment of all. Better to make trade than war especially when it comes to food, energy, medicines and the many goods and services that were undreamt of in previous generations. But not all trade and investment is good. History is …

Piketty on inequality

Posted on June 14, 2014 by Tom Healy

Tom Healy, Director NERI
''It is hard to imagine an economy and a society that can continue functioning indefinitely with such extreme divergence between social groups” – so writes Thomas Piketty on page 297 of ‘Capital the 21st Century’. The book is a serious read but not beyond the reach of most readers. It is very well written and accessible. I counted only a handful of mathematical equations in all throughout …

Posted in: IncomeInequality

Some data on public sector pensions in the Republic of Ireland

Posted on June 08, 2014 by Tom Healy

Tom Healy, Director NERI
The Government in the Republic of Ireland spends just over €3 billion a year on pensions to retired public servants (or their spouses). This represents approximately 2% of GDP, 6% of total ‘voted’ public expenditure or 16% of the total public service payroll. These payments are made to persons who had worked as civil servants, teachers, nurses, guards, local authority staff, health service …

Posted in: Government SpendingWages

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(198 blog posts)

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