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Posts in the "Income" category

70,000 workers are on the Minimum Wage

Posted on July 13, 2016 by Micheál Collins

Publication cover - Employees on the Minimum Wage in the ROI NERI WP37 - Cover image for Employees on the Minimum Wage in the ROI NERI WP37
Cover image for Employees on the Minimum Wage in the ROI NERI WP37

A new NERI research paper estimates the number of workers on the minimum wage and further profiles these workers by gender, by the sector they work in and by their employment status (full-time, part-time, permanent, temporary etc). The data, which is for 2014 (the latest available), complements an earlier paper examining the situation in 2013.

The key findings from the paper are:

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Permanent link | Categories: GenderIncomeInequalityJobsWages

2016 Living Wage: no change, yet lots of change

Posted on July 11, 2016 by Micheál Collins

The 2016 Living Wage for the Republic of Ireland has been calculated by the Living Wage Technical Group. It is €11.50 per hour. The rate is unchanged from 2015.

Over the past year there have been decreases in living costs for most items included in the living wage calculation. However, these decreases have been wiped out by increases in housing costs. The overall effect is an unchanged hourly Living Wage rate of €11.50.

The Republic of Ireland Living Wage was established in 2014 and is part of a growing international set of similar figures which reflect a belief across societies that individuals working full-time should be able to earn enough income to enjoy a decent standard of living.

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Permanent link | Categories: IncomeInequalityJobsLabour costsLiving wageWages

Earnings and Low Pay in the Republic of Ireland

Posted on April 19, 2016 by Micheál Collins

SSISI-logo

A paper entitled 'Earnings and Low Pay in the Republic of Ireland' was delivered to a meeting of the Statistical and Social Inquiry Society of Ireland on Thursday 14th April. The slides from the presentation are below and the paper (forthcoming in the SSISI journal) was based on an earlier NERI working paper available here.

Paper Summary:

Earnings and Low Pay in the Republic of Ireland

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Permanent link | Categories: GenderIncomeInequalityWages

Incomes still 8%-10% below pre-crisis levels

Posted on February 18, 2016 by Micheál Collins

Earlier this week a new report from the UK think-tank The Resolution Foundation estimated that UK household incomes had finally returned to their pre-crisis levels. However, the latest data on Irish income levels tell a different story.

Using data from the CSO’s SILC survey, we can track median household incomes back to 2005 (see chart). On the basis of the latest data (for 2014 and released in late 2015) the median (middle) household gross income is 10% below its 2007 (pre-crisis) level. The data show a similar drop for median disposable incomes (after taxes and transfers). Making adjustments for household size and composition, median incomes are 8% below 2007 levels.

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Permanent link | Categories: Income

Minimum Wage Increase - who gains?

Posted on January 05, 2016 by Micheál Collins

January 1st saw a 50 cent  increase in the hourly Minimum Wage; the first since 2011. The increase to €9.15 per hour follows the recommendations of the Low Pay Commission.

A recent NERI Research inBrief estimates some of the effects of this increase. Specifically, it examines the average impact on the gross pay of minimum wage employees and the overall increase in the level of earnings for these employees.

The key points from the analysis are:

  • 75,000 employees work at the minimum wage.
  • Most are women (65%), most are aged in their 20s and 30s and large proportions of these employees work in sectors such as accommodation and food and wholesale and retail.
  • A 50 cent per hour increase in the minimum wage will result in:

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Permanent link | Categories: GenderIncomeJobsLabour costsWages

A Decade of Deprivation: trends 2005-2014

Posted on December 17, 2015 by Micheál Collins

The recently released CSO Survey on Income and Living Conditions (SILC) provides the most detailed insight that we have into the impact of the recent recession, and evolving recovery, on the day-to-day living standards of people and families in the Republic of Ireland.

One of its indicators tracks deprivation, measured as the percentage of the population who report that they are unable to afford two or more of eleven basic items. These include:

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Permanent link | Categories: IncomeInequality

Life on low pay – new insights

Posted on December 02, 2015 by Micheál Collins

Publication cover - NERI Research inBrief Low Pay Dec 2015 - Cover image for NERI Research inBrief Low Pay Dec 2015
Cover image for NERI Research inBrief Low Pay Dec 2015

The latest NERI Research inBrief looks at those who are on low pay in the Republic of Ireland. Its key points are

 Low pay is more common among:

-   female workers;
-   younger workers;
-   those in the retail, hotel and security sectors;
-   single parents; and
-   those on temporary contracts.

At the household level, a higher proportion of low paid employees are living in households that struggle financially, borrow for day to day living costs and experience deprivation.

The chart presents some of the results of this analysis and compares the living standards experience of those on low pay with that experiences by employees in general.

 Overall,

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Permanent link | Categories: IncomeJobsWages

What do we really mean by ‘middle earners’?

Posted on November 12, 2015 by Micheál Collins

The recent Budget, and much of the commentary which accompanied it, contained recurring references to ‘middle-earners’ – almost all of it without any basis in the various numbers available on the Irish income and earnings distribution.

New data from the Revenue Commissioners, published following Budget 2016, offers a chance for a more informed view of the structure of earnings in Ireland. The Revenue’s projection for next year is based on the most recent completed taxpayer statistics uprated to account for increase in earnings and changes in the composition of the population and labour force. The data looks at the gross income of ‘taxpayer units’ where a unit is either an individual or a jointly assessed couple.

The Revenue’s projection is summarised in the chart and shows that:

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Permanent link | Categories: IncomeTaxation

Almost 1 in 5 children live in poverty

Posted on October 15, 2015 by Micheál Collins

This weeks ‘family budget’ has helped highlight the challenges Irish society continues to face regarding the provision of adequate and affordable childcare, the ability of second earners with children to join the labour force and the ongoing need for substantial investment in early childhood care and education.

One context for these children-orientated policy choices is the large number of Ireland’s children that live in poverty. The latest edition of the NERI’s Quarterly Economic Facts document examines these child poverty trends using data from the CSO’s Survey of Income and Living Conditions (indicator 5.1).

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Permanent link | Categories: IncomeInequality

Living long and living well?

Posted on October 12, 2015 by Tom Healy

Tom Healy, Director NERI - Tom Healy, Director NERI
Tom Healy, Director NERI

It is widely accepted that the issue of pensions is a boring subject.  Curiously, interest in pensions is found to be highly correlated with age so that someone starting out in paid work in their 20’s regards the matter as remote, distant and … boring.  In any case the proportion of new hires and entrants to the labour market from among recent school leavers or graduates with some pension contribution scheme and entitlement is likely to be low.  With a collapse in many private pension occupational schemes in recent years it is evident that fewer workers have access to pension schemes. Add to this the gradual upward revision in the retirement age for the purposes of eligibility for the state old age pension as well as the shift in pension arrangements for new entrants to the Irish public service since 2013 - with pension to be calculated on career average rather than final salary.

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Permanent link | Categories: Income

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