Overeducation in the Irish labour market

by Seamus McGuinness, Ruth O'Shaughnessy, Konstantinos Pouliakas
March, 2017

This chapter provides the first rigorous analysis of overeducation in Ireland, a topic of particular relevance for higher education policy, since potential drivers include an imbalance between the supply of higher education graduates and the number of available jobs. It finds that 15% of Irish employees are classified as being overeducated in terms of what … Continued

Employment transitions among people with a disability in Ireland: an analysis of the Quarterly National Household Survey

by Dorothy Watson, Martina Lawless, Bertrand Maître
March, 2017

A new report published by the ESRI today (16 March 2017) finds that people with a disability are less likely to get a job and more likely to leave employment even when their disability does not create difficulties with everyday activities. In a study commissioned by the National Disability Authority, the authors of Employment Transitions … Continued

Labour supply and the business cycle: lessons from labour market flows and international forecasting practices

by Annette Zeilstra, Karel Boxhoorn
March, 2017

This Background Document shows the results of a survey among international experts concerning the forecasting method of labour supply by economic research institutes and an analysis of the relation between labour supply and the business cycle. Accurate labour supply forecasting is important for the quality of unemployment forecasts. Many research institutes typically first forecast labour … Continued

The role of inflation-linked bonds

by Ed Westerhout, Ona Ciocyte
March, 2017

The market for inflation-linked bonds (ILBs) is growing, but still small when compared to the market for nominal bonds. This paper raises the question why governments do not rely more on ILBs to finance their public debts? The obvious starting point for an analysis of ILBs is that they protect investors from the risk of … Continued

Negative home equity and job mobility

by Andrea Morescalchi, Sander van Veldhuizen, Bart Voogt, Benedikt Vogt
March, 2017

We investigate the impact of negative home equity on job mobility. Panel fixed effects estimation is carried out by making use of Dutch administrative panel in the period 2006-2011. To control for self-selection into negative home equity, we consider homeowners who fall into negative home equity because of an exogenous price decline in their house. … Continued

Understanding employment decentralization by estimating the spatial scope of agglomeration economies

by Paul Verstraten, Gerard Verweij, Peter Zwaneveld
February, 2017

This paper argues that the spatial decay function of agglomeration economies is much more complex than is often assumed in the agglomeration literature. We provide insight into this issue by analyzing a nationwide and spatially rich wage panel. The key finding is that wages and urbanization are not significantly related on short distances (<5km), while … Continued