Pay in Europe in the 21st century

Report
Aggiornato
13 Aprile 2014
Pubblicato
13 Aprile 2014
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Sommario

 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

    Il salario in Europa nel 21° secolo

    Authors: 
    Eurofound
    La questione delle retribuzioni ha suscitato una particolare attenzione a livello europeo dall'inizio della crisi economica, con la questione dei meccanismi di fissazione delle retribuzioni al centro delle discussioni. I regimi di contrattazione delle retribuzioni sono rimasti, nel complesso, relativamente stabili; tuttavia, i cambiamenti più significativi hanno avuto luogo negli Stati membri maggiormente colpiti dalla recessione economica. Nella presente relazione vengono fornite serie temporali comparative sui risultati della contrattazione salariale in tutti gli Stati membri dell'UE e in Norvegia. In essa vengono presentati ed esaminati gli andamenti salariali nel contesto dei diversi regimi di contrattazione salariale e viene preso in esame il nesso tra salario e andamento della produttività (relativamente ai costi unitari del lavoro in termini nominali e reali). La relazione esamina altresì le possibili implicazioni di una ipotetica politica comune europea in materia di retribuzione minima e valuta il numero e le tipologie di lavoratori potenzialmente interessati nei diversi paesi.



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