Identifying rent pressures [on housing market] in your neighbourhood: a new model of Irish regional rent indicators. ESRI WP567, June 2017

Since 2013, researchers in the Economic and Social Research Institute (ESRI) have compiled a hedonic rental index for the Residential Tenancies Board (RTB). The indicator estimates a standardised rental index on a national, Dublin and outside of Dublin basis based on the 950,000 rental properties registered with the RTB. The provision in late 2016 of detailed geographical identifiers has enabled an alternative series of indicators to be estimated. In particular, hedonic rental indicators for 137 local electoral areas (LEAs) are now available on a quarterly basis from 2007 quarter 3 to 2016 quarter 4. By providing a more accurate assessment of regional trends in rental supply and demand, the indicators should enable a more precise implementation of policies in the rental market. They should also serve as a proxy for measuring underlying economic activity in these regions on an ongoing basis

The Economic Crisis, Public Sector Pay, and the Income Distribution

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 effects on the income distribution of cutting public sector pay rates or alternative strategies to reduce the public sector pay bill, and how does these vary depending on the evolution of pay in the private sector? This paper investigates these issues using data and a tax-benefit simulation for Ireland, a country which faces a particularly severe fiscal crisis and where innovative measures have already been implemented to claw back pay from public sector workers in the guise of a "pensions levy", followed most recently by a significant cut in nominal pay rates. The SWITCH tax-benefit model first allows the distributional effects of these measures, which achieved a substantial reduction in the net public sector pay bill, to be teased out. The overall impact on the income distribution, set against alternative scenarios for pay in the private sector, is assessed. This provides empirical evidence relevant to policy choices in relation to a key aspect of household income over which governments have direct influence, while at the same time illustrating methodologically how a tax-benefit model can serve as the base for such investigation.public sector pay, income distribution, fiscal crisis

ISSUES IN NONMARKET VALUATION AND POLICY APPLICATION: A RETROSPECTIVE GLANCE

While issues in estimating nonmarket values continue to cause concern, resource economists have more reason now than ever before to be optimistic. More progress toward improved measurement has been made in the past six years than in the previous quarter century since development of the contingent valuation and travel cost methods. The new challenge is to learn how to adjust past studies to estimate nonmarket values for future policy analysis. The process involves developing an understanding of the important variables that explain the observed difference in estimates. This paper illustrates how the results thus far could be adjusted to develop some tentative estimates of the recreation-use value of Forest Service resources.Research Methods/ Statistical Methods, Resource /Energy Economics and Policy,

AN INITIAL EVALUATION OF THE EFFECTIVENESS OF INTREO ACTIVATION REFORMS. ESRI RESEARCH SERIES NUMBER 81 MARCH 2019

This report presents results from an initial evaluation that the Economic and Social Research Institute (ESRI) has undertaken of the effectiveness of the most recent set of activation reforms that have been made to Ireland’s public employment services (PES). The modifications, which are known as the Intreo activation process reforms, were first introduced in 2012 for all newly unemployed Jobseeker’s Allowance (JA) and Jobseeker’s Benefit (JB) recipients only. The reforms have focused on making changes to how benefit and employment services are delivered to jobseekers as opposed to what types of employment services are delivered (i.e., job search assistance, training, education courses, etc.)

Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not)

Based on a survey questionnaire administered to 1478 R&D labs in the U.S. manufacturing sector in 1994, we find that firms typically protect the profits due to invention with a range of mechanisms, including patents, secrecy, lead time advantages and the use of complementary marketing and manufacturing capabilities. Of these mechanisms, however, patents tend to be the least emphasized by firms in the majority of manufacturing industries, and secrecy and lead time tend to be emphasized most heavily. A comparison of our results with the earlier survey findings of Levin et al. [1987] suggest that patents may be relied upon somewhat more heavily by larger firms now than in the early 1980s. For the protection of product innovations, secrecy now appears to be much more heavily employed across most industries than previously. Our results on the motives to patent indicate that firms patent for reasons that often extend beyond directly profiting from a patented innovation through either its commercialization or licensing. In addition to the prevention of copying, the most prominent motives for patenting include the prevention of rivals from patenting related inventions (i.e., patent blocking'), the use of patents in negotiations and the prevention of suits. We find that firms commonly patent for different reasons in discrete' product industries, such as chemicals, versus complex' product industries, such as telecommunications equipment or semiconductors. In the former, firms appear to use their patents commonly to block the development of substitutes by rivals, and in the latter, firms are much more likely to use patents to force rivals into negotiations.

Inequality and the Crisis: The Distributional Impact of Tax Increases and Welfare and Public Sector Pay Cuts

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 trends during Ireland’s boom and the channels through which the recession affects different parts of the income distribution, this paper investigates the distributional impact of the government’s policy response with respect to direct tax, social welfare and public sector pay using the SWITCH tax-benefit model. This provides empirical evidence relevant to future policy choices as efforts to reduce the fiscal deficit continue.

THE GENDER IMPACT OF IRISH BUDGETARY POLICY. ESRI SURVEY AND STATISTICAL REPORT SERIES, October 2018

In this report, we make use of the analytical approach previously developed by the ESRI (Keane et al., 2014). We then provide an up-to-date picture of the overall gender impacts of budgetary policy from the start of the recession (2008) to 2018. This period is split into an austerity period, running from 2008 to 2012, and a recovery period, running from 2012 to 2018. This allows us to identify how the gender impact of Irish tax-benefit policy has evolved from austerity to recovery. Lastly, and perhaps most importantly, we embed this analytical capacity within SWITCH, the ESRI’s tax-benefit model. This ensures that, in future, gender impact assessment of budgets can be routinely undertaken by government departments3 and by ESRI researchers. This can be done both in the development of options prior to the budget, to help gender-proof policy reforms, and in the assessment of the impact of policies actually chosen in the budget. The project, therefore, not only helps to answer questions about the impact of past policy but will also serve to ensure that the need for gender impact assessment of tax and welfare policies – as identified, inter alia, in the Programme for Government (2016) – can be met more readily in future

Housing Assistance Payment: Potential impacts on financial incentives to work. ESRI WP610, January 2019

Since March 2017, a new income-related housing support for those with a long-term housing need called Housing Assistance Payment (HAP) has been available throughout the state. This paper examines the potential impact on financial work incentives of transferring long-run Rent Supplement recipients onto HAP with tenants’ rental contributions assessed through a national Differential Rents scheme, initially proposed by the Housing Agency but yet to be implemented. While such a system would strengthen the financial incentive for most long-term Rent Supplement claimants to be in full-time paid work, a small minority would continue to face quite weak incentives. This is driven by the receipt of multiple means-tested benefits – in particular, jobseekers allowance and one-parent family payment – which results in some low-income individuals facing very high effective marginal tax rates from relatively low levels of earnings