The VPSJ has prepared its annual Budget Impact Briefing in response to the details of Budget 2015.
This briefing analyses the impact of the Budget in the context of the Minimum Essential Budget Standards (MEBS) model, examining the current position of a set of household types in 2014, and what the situation will be in 2015.
The Impact Briefing calculates the forecast cost of a Minimum Essential Standard of Living for 2015, and examines the impact of the new measures on income adequacy for a set of household types when dependent on social welfare and in employment scenarios.
2014 Minimum Essential Standard of Living expenditure and income data now available.
A paper detailing and analysing the MESL data for 2014 is now available. The paper includes detailed budget tables and income scenarios for MESL household types:
- Two Parent households with children
- One Parent households with children
- Single Adult of working age, living alone
- Two Adults of working age, living together
- Pensioner household types
The Minimum Income Standard calculator has also been updated to the 2014 MESL expenditure needs data. This follows the earlier updating of www.MISc.ie to reflect the changes to incomes implemented under Budget 2014.
The effect of changes in the cost of a Minimum Essential Standard of Living and changes in incomes in 2014 can be examined for a variety of household types by using the Minimum Income Standard calculator.
The VPSJ has published a new working paper "Housing Tenure and its Impact on the Cost of a Minimum Essential Standard of Living".
This paper examines four household compositions in two tenure types; social housing and private rented accommodation. This paper is timely in light of falling social housing output and an increase in the number of households living in the private rented sector.
The four household compositions under consideration are:
- One Parent and One Child (infant)
- One Parent and Two Children (age 10 & 15)
- Two Parents and Two Children (age 3 & 10)
- Two Parents and Three Children (baby, 3 year old & 10 year old)
The paper, which solely focuses on the cost to the household, first examines the four household compositions in situations of employment and analyses how an identical household's minimum income standard is affected by housing tenure.
The paper then examines the same four sample households in situations of unemployment and demonstrates the impact that housing tenure has on identical households wholly reliant on social welfare. The adequacy of social welfare transfers is assessed for households in each tenure type, including Rent Supplement for those unemployed and living in the private rented sector.
This working-paper sets out to examine the process for calculating a “Living Wage” for working age households in Ireland, and the potential result that would be produced. For this initial examination of the potential of calculating a Living Wage for Irish households the focus will be limited to working age households based in Dublin. The emphasis in this working-paper is in developing the application of the Living Wage method to the Irish context, the focus therefore is primarily on the process for calculating a Living Wage rate.
Following the release of this paper a series of discussions and discourse will take place with other interested groups. Subsequent to this, the assumptions made in the calculations will be reviewed in light of feedback received, and refined. Therefore, the result of the calculations should not be taken as the final Living Wage figure for Irish households.