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    The Changing Nature of Irish Wage Inequality from Boom to Bust.


    Holden, Niamh and O'Neill, Donal (2015) The Changing Nature of Irish Wage Inequality from Boom to Bust. Working Paper. National University of Ireland Maynooth. (Unpublished)

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    Abstract

    The dramatic change in economic conditions in Ireland over the last 10 years provides an opportunity to examine the impact of large macroeconomic shocks on inequality. We analyse wage inequality in Ireland from the height of an economic boom, through a very deep recession, to the start of a recovery. In keeping with previous work we find that dispersion in wages increased towards the height of the boom, driven largely by rising returns to skills. However, the economic crisis of 2008-2013 was accompanied by a significant reduction in earnings dispersion. Although the improving characteristics of the work force increased wages for everyone over this period, these increases were offset by falling returns to skills. Only workers in the lowest decile were unaffected by the declining returns, resulting in wage growth at the bottom of the distribution and a decline in inequality during the recession.

    Item Type: Monograph (Working Paper)
    Keywords: Changing Nature; Irish Wage; Inequality; Boom to Bust;
    Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
    Item ID: 6632
    Depositing User: Ms Sandra Doherty
    Date Deposited: 04 Dec 2015 10:39
    Publisher: National University of Ireland Maynooth
    URI:

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