The labor market in Ireland, 2000–2018

Adele Bergin, Elish Kelly and Paul Redmond

World of Labour, 2020, No 410v2, 410

Abstract: Ireland was hit particularly hard by the global financial crisis, with severe impacts on the labor market. Between 2007 and 2013, the unemployment rate increased dramatically, from 5% to 15.5%, and the labor force participation rate declined by almost five 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. However, since 2013, there is clear evidence of a recovery in the labor market with unemployment, both overall and long-term, dropping rapidly.

Keywords: unemployment; migration; Brexit; Ireland (search for similar items in EconPapers)
JEL-codes: J1 J21 J60 J64 J68 J8 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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