by Bernhard Schmidpeter, Rudolf Winter-Ebmer (August, 2018)
As part of the IHS Economics Series Bernhard Schmidpeter and Rudolf Winter-Ebmer published their working paper titled “How do Automation and Offshorability Influence Unemployment Duration and Subsequent Job Quality?”. Employing a multivariate mixed proportional hazard model to deal with selectivity, they found that both the routine content in tasks as well as the probability of off-shoring negatively affects the re-employment possibilities. Labor market training is helping workers to ameliorate these negative effects.
Decomposing the Drivers of Changes in Inequality During the Great Recession in Ireland using the Fields Approach
by Cathal O'Donoghue, Jason Loughrey, Denisa Sologon (August, 2018)
In this paper we take as a case study a developed country that both experienced one of the highest sustained growth periods in recent decades, but also had one of the largest economic declines during the recent crisis period; Ireland. In particular, given the availability of data and the period from the peak before the economic crisis and the lowest point in the crisis, we focus on the period around the boom 2007-2012. We find that inequality in terms of disposable income decreased over the period, with an increase in the redistributive effect of the tax-benefit system offsetting a rise in market income inequality. We utilise the Fields regression decomposition to understand the impact of demographic, labour market and other drivers. We find that the explanatory power of the Fields regressions fell over time, reflecting the asymmetric shock induced by the economic crisis. Labour market drivers had the largest impact on the level of income inequality over the period, accounting for 64 per cent of variability in 2007, but rising to 75 per cent in 2012. Educational attainment is positively associated with inequality. However, the effect greatly diminished between 2007 and 2012. Changes in the demographic structure and changes in the level and distribution of market incomes increased inequality. We also decomposed the change in inequality into price and quantity effects that result from a change in the return and composition respectively.
by Cosmina Amariei (July, 2018)
Well-functioning, deeper and highly integrated capital markets are expected to play a greater role in unlocking long-term savings and investment channels in Europe. The Capital Markets Union (CMU) initiative has set out important priorities in the area of asset allocation, such as increasing retail participation, promoting sustainable investment, and removing barriers to cross-border activities. This project must go beyond the actions set for end-2019 with a revamped strategy for EU-27.
This third Interim Report is based on the discussions among the experts present at the Task Force meeting held on 20 March 2018, additional secondary research and targeted bilateral consultations. The main ideas will be considered in the Final Task Force Report, which will put forward a series of policy recommendations supported by in-depth quantitative and qualitative analysis.
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Time and place: 12/10/2018 in Dublin, Ireland
Speakers from the ESRI and UCD will present the latest findings from research on the environment and health funded by the EPA and HSE. The conference will also include Dr Katharina Janke from the University of Lancaster who will provide an overview of research on the health and economic impacts of air pollution.
Time and place: 03/09/2018 in Vienna, Austria
Green jobs, sustainable work or the ecology of labour – rising discursive stars? The links between sustainable development and work have been marginalized for decades. This has changed in the last 10 years, since the concept of the “green economy” and “green jobs” has been promoted by various UN-organizations and became parts of the Sustainable … Continued
Time and place: 12/09/2018 in Luxembourg, Luxembourg
LISER together with many partners in Luxembourg co-organizes the following lecture. The last few decades have seen a rise in income inequality. This rise has generated concerns about inequality and its policy implications. Economic inequalities can be evaluated based on fairness. But fairness can be inconsistent with economic efficiency; and it can depend on social … Continued
Time and place: 26/09/2018 in London, United Kingdom
Considerable efforts have been made by policymakers to encourage individuals to extend their working lives, both in the UK and across Europe. While remaining in work for longer can bring benefits for individuals as well as for society more broadly, there is increasing recognition that impacts may differ for different groups. The Fairer Active Ageing … Continued
Seminar: Beneficial Health Insurance and healthcare utilization: new evidence from a large-scale field experiment
Time and place: 28/08/2018 in The Hague, Netherlands
On Tuesday August 28th 2018, Raf van Gestel (EUR) will give a presentation titled: “Beneficial Health Insurance and healthcare utilization: new evidence from a large-scale field experiment”
Time and place: 12/10/2018 in Vienna, Austria
Gabriel Lee (Regensburg and IHS) David Andolfatto (FRB St. Louis and SFU) Martin Gervais (Iowa)
Past and future activities