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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.

‘a serious challenge that businesses and the Government must address’

Posted on January 09, 2014 by Tom Healy

Tom Healy, Director NERI
In Northern Ireland – as in the rest of the United Kingdom – real wages have been falling since 2008. Using data from the Annual Survey of Hours and Earnings (ASHE) the UK-based GMB trade union has estimated that average earnings in Northern Ireland , when adjusted for inflation, have fallen by 12% between April 2008 and November 2013.  This is turning out to be the longest real wage squeeze …

Posted in: InequalityLabour costsLiving wageNorthern Ireland

Decent wages: What, Why, How?

Posted on January 05, 2014 by Tom Healy

Tom Healy, Director NERI
What is a 'living wage'? How do we measure it? And how could it be brought about for everyone at work? You have guessed - these are no simple answers to these questions. Research by NERI does throw some light on these questions and it is hoped to undertake additional research into these matters in the course of this coming year.  First, a 'living wage' rests on the notion of a wage rate that is …

2013 - a busy year for the NERI

Posted on December 29, 2013 by Tom Healy

Tom Healy, Director NERI
This month brings to a close a very busy year for the newly established Nevin Economic Research Institute. The NERI has begun to contribute to a much needed and long-overdue debate on policy evidence and policy choices in key areas of relevance to the trade union movement and wider society - labour market trends, public services, investment and wages.  Together with other researchers and …

Economic Development with a purpose

Posted on December 20, 2013 by Tom Healy

Tom Healy, Director NERI
The recent Government Medium-Term Economic Strategy, 2014-2020 ('A Strategy for Growth') is a welcome statement of key economic goals even if the Strategy lacks important detail and a more ambitious social perspective which learns from one of the greatest crisis that has emerged since the foundation of the Irish State. The goals of full employment, manageable household debt, an end to large-scale …

Where to now (Post-Troika)?

Posted on December 14, 2013 by Tom Healy

Tom Healy, Director NERI
A very strong narrative is gathering pace abroad and at home: There was ‘absolutely’ no alternative to ‘austerity’ in the case of Ireland once the storm broke in 2008; Ireland displayed remarkable and exceptional resilience, consensus and passivity in accepting the ‘tough’ decisions that ‘had to be made’ to restore public finances; The ‘tough’ decisions made and implemented …

A Modest Proposal

Posted on December 08, 2013 by Tom Healy

Tom Healy, Director NERI
Suppose you were the Minister of Finance in 2009 and that you were held up and forced to hand over a lot of money to a number of bust banks?. You didn’t have the money at the time so you took it out of a special pension savings fund built up by taxpayers meant for the next 50 years. Suppose that, in the meantime, one of the banks involved turned solvent and returned a modest sum of money plus …

Anglo-Irish Bank is dead. Long live its debt?

Posted on December 02, 2013 by Tom Healy

Tom Healy, Director NERI
Not that bank again! Much has been said and written about Anglo-Irish in the context of the banking collapse in 2008 and the sequence of historical events that takes us from the night of the Big Guarantee on 29th September 2008 (or perhaps a modern version of Oíche na gaoithe moiré)  When the Anglo-Irish Promissory Note deal was announced on 7th February 2013 many thought that this would be …

Posted in: Macroeconomics

Are we over-spending?

Posted on November 25, 2013 by Tom Healy

Tom Healy, Director NERI
The Organisation for Economic Cooperation and Development (OECD) periodically publishes comparative data on a wide range of economic and social areas from education to pensions to overseas aid. In its latest Government at a Glance there is a wealth of data on many aspects of public service and management of public finance together with measures of outcomes in health and education across all 34 …

Posted in: Government Spending

Why we need a new deal for young people in Europe

Posted on November 18, 2013 by Tom Healy

Tom Healy, Director NERI
While there may be grounds for celebration in the departure of An Troika, unemployment, under-employment and precarious employment is the lot of too many young people across Europe. Ireland (Republic), at 27%, is in the acute ward just behind Greece, Spain, Croatia and Portugal which, in each case, have rates of young unemployment in excess of 40% (see indicator 2.2 in the NERI Quarterly Economic …

Posted in: Jobs

Three reasons (at least) why we need a new Investment Bank (S+M+E)

Posted on November 11, 2013 by Tom Healy

Tom Healy, Director NERI
Speaking at a recent conference of the Irish Small and Medium Enterprises  I outlined, in my presentation, a number of key challenges facing public policy over the coming decades and how Irish-owned small and medium-sized enterprises (SMEs) need to be facilitated in much more ambitious strategy and vision that goes beyond the laudable aim of Ireland being ‘the best little country in the world …

Posted in: InvestmentJobs

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