After the party's over: The Irish employment model and the paradoxes of non-learning.

Abstract

The chapter describes the 'bubble labour market' of the final years of the Celtic Tiger. It argues that the road to the Irish crisis was prepared by four core features of the Irish model: the veto-power of Foreign Direct Investment (FDI), the financialisation of everyday life, the importance of the banking sector and, last but not least, social partnership. It outlines the changes that have occurred in the employment system during the crisis. It concludes with the paradox that the country where the relative impact of the crisis has been greatest appears to have learnt least from the experience.