OECD economic surveys. Ireland / OECD.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author.

Language:

English

Subjects (All):

Ireland--Economic conditions--21st century.

Ireland.

Physical Description:

1 online resource (110 pages) : illustrations

Place of Publication:

Paris : OECD, [2015]

Summary:

This 2015 OECD Economic Survey of Ireland examines recent economic developments, policies and prospects. The special chapter covers inclusive growth.

Contents:

Intro

Table of contents

Basic statistics of Ireland, 2014

Executive summary

Main findings

Key recommendations

Assessment and recommendations

Figure 1. Strong growth is returning to Ireland

Table 1. Progress on structural reforms

Macroeconomic performance and risks

Figure 2. Regained competitiveness contributes to Irish exports

Figure 3. The recovery is well underway and becoming more broad-based

Figure 4. Debt and non-performing loans are high

Table 2. Macroeconomic indicators and projections

Further strengthening the fiscal position

Table 3. Fiscal indicators

Figure 5. Balancing the budget would put debt on a downward trend

Box 1. Uncertainties about the Irish economy's prospects

Ensuring financial stability

Figure 6. Property markets are reviving

Making growth more inclusive

Figure 7. Wellbeing indicators are mixed

Figure 8. Ireland performs well in some inclusiveness dimensions

Figure 9. Income support for the long-term unemployed is generous in Ireland

Figure 10. Marginal Effective Tax Rates are high for low income families

Figure 11. Long-term unemployment is high

Improving the tax and welfare system

Efficient activation policy with strict implementation of conditionality

Providing the right kinds of skills

Figure 12. Numeracy skills are lacking

Better family policy: Encouraging voluntary participation of women

Figure 13. The cost of childcare is high

Fostering productivity

Figure 14. Ireland's trend GDP growth rate has declined

Figure 15. Investment in Knowledge Based Capital has slowed

Maintaining FDI attractiveness

Tuning-up innovation support for new firms

Getting more from competition

Migration contributes to reducing skill mismatches

Improving environmental sustainability

Table 4. Climate change scorecard.

Bibliography

Annex. Structural reform

Thematic chapters

Chapter 1. Growing together: Towards a more inclusive Ireland

How inclusive is growth in Ireland?

Figure 1.1. Ireland's market income GINI is the highest in the OECD

Figure 1.2. Ireland's disposable income GINI is below the OECD average

Figure 1.3. The increase in market income inequality in Ireland was largely driven by employment effects

Figure 1.4. Internationally income1 is becoming more concentrated at the top

Figure 1.5. Share of the bottom 20% households in market income is low in Ireland

Figure 1.6. Risk of poverty is high without social transfers

Why is there such high inequality at market incomes?

Table 1.1. High shares of labour earnings are concentrated at the top and bottom of the scale

Figure 1.7. Skill-based wage differentials are high in Ireland

Table 1.2. The low-educated are more likely to be jobless than the OECD average

How does Ireland reduce inequality?

Social mobility is low at the low end of distribution

Table 1.3. Assets are distributed unevenly across income and socio-economic groups

Towards more inclusive growth

Building skills and getting more people back into work

Figure 1.8. Skill mismatches are high

Figure 1.9. A low proportion of adults have high-level skills

Using active labour market policies to boost employment

Effective implementation of conditionality is required

Welfare payments and work incentives

Fostering inclusive growth through fairer and more efficient welfare and taxation

Reducing welfare traps

Reducing low income traps

Figure 1.10. Average tax wedge is low for the low paid and close to the OECD average for the higher paid

Figure 1.11. Some undesirable jumps in the marginal effective tax rate are built into the current system.

Table 1.4. Tax rates and bands for PAYE taxpayers: Actual and alternative scenarios

Figure 1.12. Lower income households with children face additional disincentives to work

Table 1.5. The marginal effective tax rate for the low paid can be reduced by changing in-work benefits

Raising revenue more efficiently: Personal capital taxes

Table 1.6. Taxation is not neutral across different asset classes

Property taxes

Figure 1.13. Taxes on property are low by international standards

Value added tax

Figure 1.14. The standard VAT rate is high but the revenue base is narrow

A more inclusive business sector

Box 1.1. Corporate investment in human capital

Recommendations for increasing the inclusiveness of growth

Bibliography

Chapter 2. Migration in Ireland: Challenges, opportunities and policies

Figure 2.1. The Irish labour market is exceptionally open to migration flows

The patterns of migration

Figure 2.2. Destinations and origins have changed over time

Countries of destination and origin have changed

Figure 2.3. Migration is concentrated in youngest cohorts

Figure 2.4. The size of the Irish youth cohort has decreased

Figure 2.5. Salaries for recent graduates have declined

Figure 2.6. Many emigrants were in employment prior to their departure

Figure 2.7. One out of five Irish emigrants is employed in the health and social work sector

The economic impact of migration

Impact on the housing market and on infrastructure

Impact on the labour force

Figure 2.8. Net migration is expected to remain negative in the short run

Figure 2.9. The share of the foreign born population that is well-educated is high

Figure 2.10. Migration is large among highly educated individuals

Maintaining the attractiveness of Ireland as a destination for skilled workers.

Optimising labour migration policies

Box 2.1. Employment permits in Ireland

The role of return migration

Connecting with the Irish diaspora

Well-being and the quality of services can attract skills

Integrating migrants

Immigrants were particularly hit by the crisis

Figure 2.11. Immigrants were particularly hit by the crisis

Avoiding a cycle of brain gain, waste and drain

Figure 2.12. Over-qualification and mismatches rates are higher for foreign-born

Figure 2.13. Chances of having a well-matched job depend on field of study

Preparing for challenges associated with second generation immigrants

Adapting labour market, education and pension policies

Recommendations for getting the most out of migration

Annex. Estimation of bilateral migration flows.

Notes:

Description based on print version record.

ISBN:

92-64-24033-0

OCLC:

1024279938