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Behavioural Economics and Irish Public Policy Professor Liam Delaney Stirling University and UCD Geary Institute.

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Presentation on theme: "Behavioural Economics and Irish Public Policy Professor Liam Delaney Stirling University and UCD Geary Institute."— Presentation transcript:

1 Behavioural Economics and Irish Public Policy Professor Liam Delaney Stirling University and UCD Geary Institute

2 Background 7 th Conference in this area Running since 2008 (ESRI, NUIM, UCD) Laibson, Sugden, Doherty, Halpern, Kapteyn, Byrne Large interest among academics, students, policy and business Developing this conference into a more active network Ideas and Feedback

3 Behavioural Economics Understanding economic decisions Integration of Psychology Increasing Influence in Policy UK Cabinet Office Regulatory Bodies Behavioural Science

4 Key Ideas Bounded Rationality Self-Control Experimental Designs Simplification Inertia and Defaults Framing and Labelling

5 MINDSPACE

6 Encouraging Pension Saving Benartzi & Thaler (2004), Save More Tomorrow, Journal of Political Economy

7 Illustrative Irish Policy Areas Pension Auto-enrolment and Auto-escalation Simplification of Tax and Insurance Systems Measurement and Use of Well-Being Measures Financial Regulation Job Search and Employment Activation Debt Resolution

8 Example Study: Pensions Pension Auto-enrolment one clear option for the Irish system Pensions Green Paper OECD Review Key question: What if people anchor to these contributions? Study of 1004 people carried out by Amarach

9

10 Some Key Questions What areas are most promising and interesting? How does it fit in democratic process? How can this research be promoted further in Ireland? What are the implications for teaching? What are the main potentials for policy impact and how can these be developed?

11 Network Proposal Annual Conference Website Board Student Volunteers Blog and Mailing List Public Talks Research Proposals Suggestions?


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