The latest labour market data (released on 26 November 2013) is generally positive in terms of employment, but slightly negative in terms of earnings. However, strange patterns are emerging in terms of what age groups are getting the new jobs. Overall unemployment is down to 12.6% from 14.3% a year...
Households contribute to financing the exchequer in a number of ways. Household’s direct tax contributions from earnings, through income taxes, USC and social insurance, are apparent; albeit that we tend to have greater knowledge of benchmark taxation rates (both effective and marginal) than the...
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...
Presentation at NERI Research Seminar Series November 20th 2013. Slides linked to NERI working paper 2013/no.8 'Estimating the Direct and Indirect Tax Contributions of Households in Ireland'.
Since 2007 Ireland, North and South, has witnessed recession, austerity and externally imposed economic restructuring. Both territories have seen an end to property bubbles, surges in overall and youth unemployment and notable declines in economic output and disposable incomes. The challenge of...
Income levels, whether for individuals or households, are far from perfect measures of progress and well-being. However, they offer one insight into the experience of recent years for households across the Republic. In particular, trends in disposable income (income after taxes and welfare payments)...
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...
Budget 2014 introduced significant cuts to Jobseeker’s Allowance (which is means tested) for young workers. The payment to new entrants aged 22-24 is reduced from €144 to €100 per week, and for those aged 25 the payment is reduced from €188 to €144 per week. The stated aim is to “ensure that young...
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...