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 Irish economic model assessed (#1)

Posted on February 10, 2017 by Tom Healy

Tom Healy, Director NERI
On this site I have made references on many occasions to the unique ‘Irish economic model’. By ‘Irish economic model’ I mean those features of an economic and social model that place the Republic of Ireland in a somewhat unique place internationally. In this week’s Monday Blog, I focus on some labour market aspects of the ‘Irish model’.  The wonderful advantage of being part of the …

Economics: institutions, borders, norms and sentiments do matter

Posted on February 03, 2017 by Tom Healy

Tom Healy, Director NERI
There are only five ways to avoid a further hardening of the border on the island of Ireland: The United Kingdom does not leave the EU – after all. A united Ireland within the UK and outside the EU is agreed. A united Ireland outside the UK and within the EU is agreed. The EU breaks up and/or there is an Irexit in which case Ireland and the UK are free to negotiate whatever bilateral …

Are special purpose vehicles a good idea?

Posted on January 27, 2017 by Tom Healy

Tom Healy, Director NERI
Special Purpose Vehicle (SPV) is a general technical term that covers a multitude. It refers to a wide variety of arrangements whereby a financial entity is established for a ‘special purpose’ as the title suggests.  The National Asset Management Agency is a type of SPV set up to buy distressed assets from bust banks and seek to work off these loans over time and recoup some of the loss for …

Costs and benefits – in hindsight

Posted on January 22, 2017 by Tom Healy

Tom Healy, Director NERI
A saying from Lady Windermere’s Fan by Oscar Wilde has sometimes been applied to economists. It runs as follows: ‘A man who knows the price of everything and the value of nothing.’  Now, the context for the quotation is a question posed by a Cecil Graham: ‘What is a cynic?’ to which a Lord Darlington replies: ‘A man who knows the price of everything and the value of nothing.’ …

Housing: no surprises

Posted on January 12, 2017 by Tom Healy

Tom Healy, Director NERI
  // It is now generally accepted that the Republic of Ireland has a ‘housing crisis’. Though the causes are many and interlinked it would be astonishing to deny the obvious: not enough houses have been built in recent times at the right price in the right places for the right people. Result: escalating homelessness, escalating non-affordability and escalating rents. The housing crisis is …

Challenges for workers in 2017

Posted on January 06, 2017 by Tom Healy

Tom Healy, Director NERI
By now many a new year resolution has been ‘postponed’ until the days get a little longer!  What immediate challenges arise for workers in Ireland in 2017?  These are about the staple bread and butter issues of (i) Wages, (ii) Jobs .......and not forgetting pensions! Wages Wages have been remarkably flat over an eight-year period with the exception of the high-tech sector and certain …

Some dirty secrets about income and earnings

Posted on December 02, 2016 by Tom Healy

Tom Healy, Director NERI
The Irish labour market is full of interesting things. What you see and hear on a daily basis is roughly in the following order of coverage starting with the most talked about: Public sector pay issues and associated matters. Number One. Public-private sector pay differences (always the number one item of news and interest when wage statistics are updated). Remuneration and associated pension …

We need to talk about wages

Posted on November 25, 2016 by Tom Healy

Tom Healy, Director NERI
Did you know that wages – as measured by real average weekly earnings – have not increased since 2008 in the Republic of Ireland ?  Never mind the Great Leap forward in GDP last year or the rapid and very welcome growth in employment (continuing to run at an annualised rate of close to 3%).   A release of data on wages is not accompanied by a media one-day major focus such as happens in …

A new world is emerging

Posted on November 18, 2016 by Tom Healy

Tom Healy, Director NERI
What a year it has been so far.   The phrase used by the exiting Margaret Thatcher in 1990, ‘It’s a funny old world’, springs to mind in considering the fall-out from a referendum in the UK and a presidential election in the USA. However, the matter is far from funny. The immediate causes and impacts will be debated for years. The elections of Margaret Thatcher in 1979 and Ronald Reagan …

A note on the role of multinational companies in the Food Manufacture sector in the Republic of Ireland.

Posted on November 10, 2016 by Tom Healy

Tom Healy, Director NERI
In an earlier post I contrasted some measures of productivity in food manufacture [A Tale of Two Cities]. The Republic of Ireland stands out as having the highest gross value added per employee in 2012 amongst EU Member States.  Clearly something is odd with this.  The clue lies in a further distinction within this sector between home-owned enterprises and foreign-owned enterprises. In 2012 …

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