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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.

The Shifts and the Shocks

Posted on October 10, 2014 by Tom Healy

Tom Healy, Director NERI
My review of Martin Wolf's book, The Shifts and the Shocks, was published recently in the Irish Times. The book provides a timely and serious analysis of the global situation and outlines some pointers about what needs to happen next if we are not to be condemned to permanent stagnation. Read the full review here

Posted in: Macroeconomics

Dealing with a terrible marriage

Posted on September 27, 2014 by Tom Healy

Tom Healy, Director NERI
They were tall, elegant, famous, beautiful and affluent. It was a fairy-tale marriage deemed to last forever …. until the gales of crisis struck and deep cracks were exposed.  In 2002 and in the run-up to the introduction of the Euro most commentators and policy makers imagined that peace, stability and growth were here to stay. Governments in Europe and across the Western economies thought …

Getting our priorities right

Posted on September 20, 2014 by Tom Healy

Tom Healy, Director NERI
A curious feature of public debate in the run-up to Budget 2015 in the Republic of Ireland next month is the extent of focus on reducing income tax for the top 20% of workers (those paying the top income tax rate). These account for just under 400,000 persons at work and make up 18% of all tax cases. [There has been remarkably little attention paid to those who have taken the greatest hit as a …

Posted in: JobsTaxation

Researching the macro-economic impact of the Living Wage

Posted on September 12, 2014 by Tom Healy

Tom Healy, Director NERI
The idea of a ‘living wage’ is gathering momentum in many parts of the world. It is conceived and measured as a wage rate which is adequate to meet the needs of workers and their families in a given society at a given time. But affordability of life for workers is one thing – what about affordability for companies and employers? Would the application of a ‘living wage’ across the …

Posted in: Living wageNorthern Ireland Wages

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 …

(202 blog posts)

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