The labor market in Ireland, 2000–2016

Elish Kelly and Adele Bergin

IZA World of Labor, 2018, No 410, 410

Abstract: Ireland was hit particularly hard by the global financial crisis, with severe impacts on the labor market. The unemployment rate increased dramatically, and the labor force participation rate declined by four percentage points between 2007 and 2012. Outward migration re-emerged as a safety valve for the Irish economy, helping to moderate impacts on unemployment via a reduction in overall labor supply. As the crisis deepened, long-term unemployment escalated, creating significant policy challenges. Overall unemployment has been dropping rapidly since 2013, but remains above its pre-crisis level.

Keywords: unemployment; migration; Ireland (search for similar items in EconPapers)
JEL-codes: J01 J08 J21 J60 J64 J68 (search for similar items in EconPapers)
Date: 2018
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