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Ireland is one of the countries most severely affected by the Great Recession. National income fell by more than 10 per cent between 2007 and 2012, as a result of the bursting of a remarkable property bubble, an exceptionally severe banking crisis, and deep fiscal adjustment. This paper examines...
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An important aspect of the impact of the economic crisis is how pay in the public sector responds in the face not only of the evolution of pay in the private sector, but also extreme pressure on public spending (of which pay is a very large proportion) as fiscal deficits soar. What are the...
Persistent link: https://www.econbiz.de/10013141768
An important aspect of the impact of the economic crisis is how pay in the public sector responds – in the face not only of the evolution of pay in the private sector, but also extreme pressure on public spending (of which pay is a very large proportion) as fiscal deficits soar. What are the...
Persistent link: https://www.econbiz.de/10008568306
The economic crisis impacts directly on the distribution of income via unemployment and private sector wages, but the way policy responds in seeking to control soaring fiscal deficits is also central to its distributional consequences. Having sketched out the background in terms of inequality...
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