Inequality, Social Mobility and the New Economy: Introduction

by H. Rolfe
May, 2017

The latest issue of the National Institute Economic Review, published on Wednesday 10 May, contains research articles by some of the leading academic researchers on education, inequality and the new economy.

Gender Differences in Unemployment Dynamics and Initial Wages over the Business Cycle

by Amparo Nagore Garcia
May, 2017

Using administrative data from Spanish Social Security for the period 2002–2013, we explore differences between unemployed men and women in: their probabilities to find a job, their initial wages if they find a new job, and the likelihood to fall back into unemployment. We estimate bivariate proportional hazard models for unemployment duration and for the … Continued

Are Competitiveness Reports by IMD and WEF Fit to Support the Conduct of Economic Policy in Finland?

by Mika Pajarinen, Petri Rouvinen, Ilkka Ylhäinen
May, 2017

This report studies, how well suited the competitiveness reports by IMD and WEF are to support the conduct of economic policy in Finland. It is concluded that the reports, either as they are or in an enhanced form, do not meet Finnish policymakers’ information needs when it comes to components of competitiveness. The report also … Continued

Measuring healthcare expenditure: different methods, different results

by Conor Keegan, Sheelah Connolly, Maev-Ann Wren
May, 2017

Accurate information on healthcare expenditure is essential; however, a number of issues arise when healthcare expenditure is being measured. Traditionally healthcare expenditure data in Ireland have been limited, especially data that facilitate comparable analysis through time and across particular programmes or services. Recently however, a major development in Irish healthcare expenditure estimates was the publication … Continued

Employment protection and industry innovation

by Gavin Murphy, Iulia Siedschlag, John McQuinn
May, 2017

We examine the impact of the strictness of employment protection legislation (EPL) on innovation intensity. To this purpose, we use a panel of annual data from Organisation for Economic Co-operation and Development countries and analyze the variation of innovation intensity within country between industries. Our estimates indicate that stricter EPL led to significantly lower innovation … Continued

Risk-sharing and Consumption-smoothing Patterns in the US and the Euro Area: A comprehensive comparison

by Cinzia Alcidi, Paolo D’Imperio, Gilles Thirion
May, 2017

This paper compares the capacity to smooth the impact of asymmetric shocks in the US and in the euro area (EA) and examines the various mechanisms through which the shock absorption occurs. It first notes that comparable data for the US and the EA are not readily available, and that in the US, state accounting … Continued