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Posts in the "Inequality" category

Working, yet living below the poverty line: ‘The Working Poor’

Posted on July 23, 2015 by Micheál Collins

One in every seven of the Irish population (15.2%) lives on an income which is less than the official poverty line – about €202 per adult per week. Given a population of approximately 4.61 million people this implies that just over 700,000 people live at risk of poverty.

In the latest edition of the NERI’s Quarterly Economic Facts document, indicator 5.3 examines the composition of those living below the poverty line in Ireland. The latest data, for 2013, is reproduced in the chart below.

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Permanent link | Categories: InequalityJobsWages

Whose on the Minimum Wage?

Posted on July 02, 2015 by Micheál Collins

Micheal Collins profile

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 also allows an examination of the household/family circumstances of workers on the Minimum Wage.

The key findings from the paper are:

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Permanent link | Categories: GenderIncomeInequalityJobsLabour costsWages

TTIP in trouble

Posted on June 12, 2015 by Tom Healy

Last week an unprecedented even took place in the European Parliament. Following months of complex negotiation between the European Commission – on behalf of European Union Member States – and the United States of America  a resolution to the Parliament to be discussed and voted upon last Wednesday was postponed and the matter was referred back to the Trade Committee. This concerns the Transatlantic Trade and Investment Partnership (TTIP) a brief summary of which is provided at the very end of this blog. If you have followed the international debate about TTIP you probably belong to one of four groups:

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Permanent link | Categories: InequalityInvestmentMacroeconomics

Cutting back & going without – deprivation and the recession

Posted on June 11, 2015 by Micheál Collins

The scale of Ireland’s recent recession was such that its impact was unavoidable for almost all of society. Whether through job losses, pay reductions, welfare reductions, cuts to services or new taxes and charges, its impact touched almost every household. Income (disposable), just one measure, shows a more than 10.5% fall between 2007 and 2013. However, the story of how people coped with such dramatic changes in living standards is more complex than just changes in income.

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Permanent link | Categories: IncomeInequality

The Male Female income gap

Posted on May 14, 2015 by Micheál Collins

There are many measures examining differences in various socio-economic characteristics among men and women. In general, women are better educated, healthier, live longer but earn less – factors which in themselves point towards gaps in societal equality for both sexes.

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Permanent link | Categories: GenderIncomeInequalityWages

The wealth of nations is not so even

Posted on May 09, 2015 by Tom Healy

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

When Adam Smith wrote ‘The Wealth of Nations’ in 1776 wealth consisted mainly of land, housing and other treasures.  While comprehensive data are hard to come by, Thomas Piketty in his book, Capital in the 21 st Century, managed to track the main trends and composition of wealth in a number of large countries such as Britain, France and Germany.  Here in Ireland discussion of wealth has been an under-researched and under-reported area until comparatively recent times.

Historical data hard to come by

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Permanent link | Categories: Inequality

Almost 100,000 children live in families dependent on FIS

Posted on May 06, 2015 by Micheál Collins

The current focus on low pay and precarious work practices has set the scene for the work of the recently formed Low Pay Commission in the Republic of Ireland. One aspect of their work will be to look at the number of individuals trapped in low pay, many of whom are dependent on the social protection system to underpin their ability to make ends meet.

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Permanent link | Categories: Government SpendingIncomeInequalityJobsWages

'These truths we hold to be self-evident...'

Posted on April 25, 2015 by Tom Healy

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

‘These things we hold to be self-evident …. ‘ is a line taken from the 1776 USA Declaration of Independence.  Given the emerging debate  - such as it is – in the Republic of Ireland on matters to do with taxation, social spending and related areas it would seem that the following ten canonical statements are universally believed in, rarely contested and frequently asserted:

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Permanent link | Categories: Government SpendingIncomeInequalityInvestmentJobsLabour costsMacroeconomicsTaxationWages

Still a high income country – despite the recession

Posted on April 23, 2015 by Micheál Collins

Micheal Collins profile

Indicator 4.1 from the NERI’s latest Quarterly Economics Facts (QEF) document shows that despite the elongated economic crisis, the Republic of Ireland’s income per capita remains high. The latest data, for 2013, show that Ireland’s average income of €35,600 is the sixth highest in the EU. The figure is calculated by dividing GDP by the population. Looked at over time, the figures for the Republic of Ireland in 2013 are similar to those recorded in 2004/2005 - a few years before the economic peak and subsequent crash.

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Permanent link | Categories: IncomeInequalityMacroeconomics

NERI Seminar: Examining the Net Wealth of Irish Households

Posted on April 16, 2015 by Daragh McCarthy

The latest NERI seminar took place on Wednesday 22 April 2015. Dr Reamonn Lydon, Central Bank of Ireland, presented research based on a novel dataset on households’ income, assets and debts in Ireland: the Household Finance and Consumption Survey (HFCS). The HFCS is an invaluable resource for policy makers, allowing for household-level analysis of the composition of wealth and debt, leverage and the debt-service burden.

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Permanent link | Categories: InequalityMacroeconomics

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