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Please use this identifier to cite or link to this item: http://hdl.handle.net/2262/8598

Title: Profits and wages in Ireland, 1987-1996
Other Titles: Barrington Lecture 1997/1998
Author: Lane, Philip R.
Keywords: Profits
Wages
Irish economy
Irish labour markets
Issue Date: 1998
Publisher: Statistical and Social Inquiry Society of Ireland
Citation: Lane, Philip R. 'Profits and wages in Ireland, 1987-1996'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. XXVII, Part V, 1997/1998, pp223-252
Series/Report no.: Journal of The Statistical and Social Inquiry Society of Ireland
Vol. XXVII, Part V, 1997/1998
Abstract: A striking feature of the Irish economic resurgence since 1987 has been a major factor income shift away from labour and towards capital. (The profit share has increased from 25.1 per cent in 1987 to 34.8 per cent in 1996.) In this paper, we examine the role of the national strategy of wage moderation in explaining this shift, consider its potential benefits and ask whether it is sustainable. We highlight the critical role of fiscal policy in minimising the trade-off between the returns to capital and labour. Finally, imminent membership of a European Monetary Union makes it all the more important not to overshoot the equilibrium rate of wage growth for the Irish economy.
Description: Read before the Society, 7 May 1998
URI: http://hdl.handle.net/2262/8598
ISSN: 00814776
Appears in Collections:Archive JSSISI: 1847- Complete Collection
Barrington Lectures
JSSISI: 1993 to 1998, Vol. XXVII, Sessions 147th to 151st

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