Wage flexibility and the great recession: the response of the Irish labour market

Doris, Aedín; O’Neill, Donal; Sweetman, Olive

doi:10.1186/s40174-015-0041-2

Cited by 18 publications

(23 citation statements)

References 33 publications

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“…The last of these alternatives was explored in response to the observation that many employees experienced nominal pay cuts during the crisis, e.g. Doris et al (2015). Top of the table: std errors in parentheses; ***p < 0.01, **p < 0.05, *p < 0.1.…”

Section: Additional Controls and Sensitivity Analysismentioning

confidence: 99%

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Job loss by wage level: lessons from the Great Recession in Ireland

Nolan

Voitchovsky

2016

IZA J Labor Stud

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This paper explores the incidence of job loss by wage level during the Great Recession, using data for Ireland. Ireland experienced a particularly pronounced decline in employment by international and historical standards, which makes it a valuable case study. Using EU Survey on Income and Living Conditions (EU-SILC) data, our analysis reveals that the probability that an employee remains in employment, from one year to the next, is positively related to their monthly earnings during both boom and bust. The gradient with wages, however, is much more marked during the bust and remains significantly so even after controlling for a range of individual characteristics including gender, age, education, labour market history, part-time status, industries or occupations.JEL codes: E24, J23, J24, J62, J63

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Section: Additional Controls and Sensitivity Analysismentioning

confidence: 99%

“…Doris et al 2015). In addition, we look at the characteristics of employees who are moving out of an employee position.…”

Section: Data and Sample Selectionmentioning

confidence: 99%

Job loss by wage level: lessons from the Great Recession in Ireland

Nolan

Voitchovsky

2016

IZA J Labor Stud

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“…Indeed, Doris et al (2015) find that the proportion of private sector job stayers receiving nominal earnings cuts almost trebled during the crisis, rising from 18% in 2006 to 50% at the height of the crisis in 2009. As part of the expenditure cuts, three rounds of pay cuts were undertaken in the public sector between 2009 and 2013, with cuts ranging from 5% to 10.5% at each round.…”

Section: The Irish Macroeconomic and Policy Context 2005-2013mentioning

confidence: 99%

“…This heterogeneity was also evident more recently, during the Great Recession. Doris et al (2015), analysing wage adjustment in Ireland from 2005 to 2013, find that 50% of private sector job stayers received pay cuts at the height of the recession, while a substantial minority of workers continued to receive earnings increases. Doris et al (2015), analysing wage adjustment in Ireland from 2005 to 2013, find that 50% of private sector job stayers received pay cuts at the height of the recession, while a substantial minority of workers continued to receive earnings increases.…”

Section: Introductionmentioning

confidence: 99%

“…We apply a variance decomposition technique to examine the relative contributions of within-firm and between-firm heterogeneity to the overall observed heterogeneity in earnings changes for job stayers documented in Doris et al (2015). During this time, the Irish labour market was under severe stress, with unemployment increasing from 5.0% in January 2008 to a peak of 15.2% in January 2012.…”

Section: Introductionmentioning

confidence: 99%

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How Important are Firms in Explaining Wage Changes During a Recession?

2019

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During the Great Recession, many Irish workers experienced nominal earnings reductions, with about 50% of private sector employees receiving pay cuts at the height of the crisis. However, at the same time, a substantial minority of workers continued to receive pay increases. In this paper we use a unique dataset containing earnings on every worker in Ireland to examine the relative roles of worker and firm characteristics in explaining this heterogeneity in earnings dynamics. Our results show that between-firm effects play a small role in determining pay changes in Ireland. Although between-firm effects became more important in the peak year of the economic crisis, the vast majority of earnings changes continued to be driven by within-firm forces. These findings raise a number of important questions about the role of morale and fairness in the wage-setting process.

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Modelling higher education financing reform for Ireland

Chapman

Doris

2019

Economics of Education Review

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This paper examines the feasibility of various alternative student loan schemes for Ireland. Using data from a large employer survey, we model the life-cycle earnings distribution for Irish graduates. We then use these estimates to simulate the effects of alternative types of student loans, including mortgage-type loans and incomecontingent loans of various designs, incorporating participation and migration patterns into the simulations. The results show that mortgage-type loans entail unsustainably high repayment rates for low income graduates. Through the specification of several alternative income-contingent loan schemes, it is demonstrated that this approach to higher education financing is feasible both in terms of affordability for graduates and with respect to implied government subsidies. There are some important policy design issues to be addressed and we conclude with some recommendations for a future Irish scheme. 'student grants' that paid the fees (and some maintenance payments) for the children of families whose income was low enough to qualify. The proportion of university students in receipt of grants varied over the years, but an indicative figure is provided by McCoy, Calvert, Smyth, and Darmody (2009), who report that it was 63% in 1992.

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Wage flexibility and the great recession: the response of the Irish labour market

Cited by 18 publications

References 33 publications

Job loss by wage level: lessons from the Great Recession in Ireland

Job loss by wage level: lessons from the Great Recession in Ireland

How Important are Firms in Explaining Wage Changes During a Recession?

Modelling higher education financing reform for Ireland

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