Pay in Europe in the 21st century

Report
Actualizado
13 Abril 2014
Publicado
13 Abril 2014
Formatos
  • Download full reportPDF

Resumen

 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. An executive summary is also available - see Related content.

 

  • 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

    La remuneración en Europa en el siglo XXI

    Authors: 
    Eurofound
    Desde el inicio de la crisis económica, el tema de los salarios ha recibido una atención especial a escala europea, y la cuestión de los mecanismos de fijación de salarios se ha puesto sobre la mesa. Los regímenes de negociación salarial, en general, se han mantenido relativamente estables, sin embargo, los cambios más significativos han tenido lugar en los Estados miembros más afectados por la recesión económica. Este informe ofrece series temporales comparativas sobre los resultados de las negociaciones salariales en todos los Estados miembros de la UE y Noruega. Presenta y analiza las evoluciones de los salarios teniendo en cuenta los diferentes regímenes de negociación salarial, y analiza la relación entre la evolución de los salarios y la de la productividad (en términos de costes laborales unitarios netos y reales). También investiga las potenciales implicaciones de una hipotética política común europea en materia de salario mínimo y calcula el número y el tipo de trabajadores potencialmente afectados en los diferentes países.



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