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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.

Imagining Ireland in 2037

Posted on March 12, 2017 by Tom Healy

Tom Healy, Director NERI
What will Ireland look like on Friday 13th March 2037?  Nothing like what we thought it might look like today, Monday 13th March 1997. Smartphones, the Celtic Tiger, Depression, Recovery, Trump, Brexit, gay marriage, talk of a united Ireland, an Oscars mix-up, etc. Rather, then speculate on the next twenty years, we ought to focus on what we can and should do now to make a different Ireland …

Women draw the short straw on wages

Posted on March 03, 2017 by Tom Healy

Tom Healy, Director NERI
Discussion of low pay ebbs and flows. As pointed out on this Blog over the last two years, macro trends in wages are not a major topic of conversation or public debate. Every so often, the Central Statistics Office publishes new data or updates previous data on earnings. If the matter merits any public attention or commentary it is not infrequently directed to the gap (or ‘premium’) between …

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Housing statistics - some challenges

Posted on February 18, 2017 by Tom Healy

Tom Healy, Director NERI
A famous 19th century Irish mathematician and engineer, Lord Kelvin, famously once said: “ I often say that when you can measure what you are speaking about, and express it in numbers, you know something about it; but when you cannot measure it, when you cannot express it in numbers, your knowledge is of a meagre and unsatisfactory kind; it may be the beginning of knowledge, but you have …

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 …

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