Pay in Europe in the 21st century

Report
Päivitetty
13 huhtikuu 2014
Julkaistu
13 huhtikuu 2014
Muodot
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Yhteenveto

 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

    Palkat 2000-luvun Euroopassa

    Authors: 
    Eurofound
    Palkat ovat herättäneet erityistä huomiota Euroopan unionissa talouskriisin puhkeamisesta lähtien, ja palkanmuodostusmekanismit ovat nousseet puheenaiheeksi. Palkkaneuvottelujärjestelmät ovat säilyneet yleisesti melko muuttumattomina; muutokset ovat olleet suurimmat niissä jäsenvaltioissa, joita talouden taantuma on koetellut eniten. Raportissa esitetään vertaileva aikasarja palkkaneuvottelujen tuloksista EU:n jäsenvaltioissa ja Norjassa. Siinä pohditaan palkkojen kehittymistä erilaisissa palkkaneuvottelujärjestelmissä ja tarkastellaan yhteyttä palkkojen ja tuottavuuden kehittymisen välillä (nimellisten ja todellisten yksikkötyökustannusten perusteella). Siinä tutkitaan myös hypoteettisen Euroopan yhteisen vähimmäispalkkapolitiikan vaikutuksia ja arvioidaan sen vaikutuksen kohteena olevien työntekijöiden määrää ja tyyppiä eri maissa.



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