scholarly journals A Bonfire of the Regulations, or Business as Usual? The UK Labour Market and the Political Economy of Brexit

2016 ◽  
Vol 87 (2) ◽  
pp. 148-156 ◽  
Author(s):  
Steve Coulter ◽  
Bob Hancké
Author(s):  
Micheál L. Collins ◽  
Mary P. Murphy

The political economy of Irish work and welfare has dramatically changed over recent decades. Since the 1980s, Ireland has experienced two periods of high unemployment followed by two periods of full employment. Alongside this, we see considerable shifts in both the sectoral composition of the workforce and in the institutional architecture underpinning the labour market. Focusing on the last decade, this chapter contextualizes the Irish labour market in the Irish growth model, highlighting issues including occupational upgrading, low pay, gender composition, and migration. The chapter then explores links between this employment structure and Ireland’s changing welfare regime. It considers recent institutional changes, as the welfare regime shifted to a work-first form of activation, and the long-term sustainability of the social protection system. The chapter concludes by highlighting what we see as the core challenges for the political economy of work and welfare in Ireland.


2021 ◽  
pp. 209-246
Author(s):  
Craig Berry

We are increasingly conscious that private pension schemes in the UK are primarily financial institutions. UK private pensions provision has always been highly financialized, but the individualization of provision means this dynamic matters more than ever to retirement incomes. Furthermore, individualization has occurred at a time when the UK economy’s capacity to support a long-term approach to capital investment, upon which pensions depend, has declined. The chapter argues that pensions provision essentially involves managing the failure of the future to resemble the present, or more specifically present forecasts of the future. As our ability to manipulate the value of the future has increased, our ability to tolerate forecast failure has declined. The chapter details how pension funds invest, and how this has changed, and provides an original understanding of several recent attempts to shape pensions investment, ultimately demonstrating the limitations of pensions policy in shaping how provision functions in practice.


Author(s):  
Sotiria Theodoropoulou

This chapter introduces the questions that the book addresses. It explains the rationale and motivation of the book with reference to the existing literature on welfare state change and the political economy thereof, as well as within the context of recent policy developments. It then justifies the empirical approach and explains in more detail the rationale behind the selection of national case studies.


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