Pay in Europe in the 21st century

Report
Veröffentlicht
13 April 2014
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Zusammenfassung

 The issue of wages has attracted particular attention at European level since the onset of the economic crisis. Changes in economic governance, notably within the European semester, have prompted discussions on wage‑setting mechanisms. While, overall, wage‑bargaining regimes have remained relatively stable over time in many countries, the most substantial changes were seen in Member States facing more difficult economic circumstances. This report provides comparative time series on wage‑bargaining outcomes across the EU Member States and Norway, discussing pay developments against the background of different wage‑bargaining regimes and looks into the link between pay and productivity developments. It also investigates the different systems and levels of minimum wages in Europe at present, carrying out an accounting exercise through a hypothetical scenario of a minimum wage set at 60% of the median national wage (with some alternative scenarios as well for comparison) in order to benchmark and evaluate minimum wage levels and systems in Europe, and to discuss the possibilities and difficulties of coordination in this matter.
  • Full report

    Number of Pages: 
    188
    Reference No: 
    ef1388
    ISBN: 
    978-92-897-1137-1
    Catalogue: 
    TJ-01-13-769-EN-C
    DOI: 
    10.2806/49345
    Catalogue info

    Pay in Europe in the 21st century

    The issue of wages has attracted particular attention at European level since the onset of the economic crisis. Changes in economic governance, notably within the European semester, have prompted discussions on wage‑setting mechanisms. While, overall, wage‑bargaining regimes have remained relatively stable over time in many countries, the most substantial changes were seen in Member States facing more difficult economic circumstances. This report provides comparative time series on wage‑bargaining outcomes across the EU Member States and Norway, discussing pay developments against the background of different wage‑bargaining regimes and looks into the link between pay and productivity developments. It also investigates the different systems and levels of minimum wages in Europe at present, carrying out an accounting exercise through a hypothetical scenario of a minimum wage set at 60% of the median national wage (with some alternative scenarios as well for comparison) in order to benchmark and evaluate minimum wage levels and systems in Europe, and to discuss the possibilities and difficulties of coordination in this matter.

  • Executive summary

    Number of pages: 
    2
    Reference No: 
    ef13881
    Catalogue info

    Löhne in Europa im 21. Jahrhundert

    Authors: 
    Eurofound
    Seit Ausbruch der Wirtschaftskrise findet das Thema Löhne besondere Beachtung auf europäischer Ebene, wobei die Mechanismen zur Lohnfestsetzung immer mehr in den Mittelpunkt der Diskussion rücken. Insgesamt blieben die Tarifverhandlungssysteme relativ unverändert, allerdings waren in den Mitgliedstaaten, die am stärksten vom Wirtschaftsabschwung betroffen waren, die Änderungen am ausgeprägtesten. Dieser Bericht enthält vergleichende Zeitreihen zu den Ergebnissen von Lohnverhandlungen in den EU Mitgliedstaaten und Norwegen. Es werden die Lohnentwicklungen vor dem Hintergrund verschiedener Tarifverhandlungssysteme dargestellt und erörtert sowie die Verbindung zwischen Lohn- und Produktivitätsentwicklungen (in Bezug auf nominale und reale Lohnstückkosten) beleuchtet. Darüber hinaus werden die möglichen Auswirkungen einer hypothetischen gemeinsamen EU-Mindestlohnpolitik und Schätzungen zur Zahl und Art der möglicherweise davon betroffenen Arbeitnehmer in den verschiedenen Ländern untersucht.



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