Pay in Europe in the 21st century

Report
Published
13 Април 2014
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Abstract

 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 EuRead more
 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.
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  • Report

    Number of pages: 
    188
    Reference no.: 
    ef1388
    ISBN: 
    978-92-897-1137-1
    Catalogue no.: 
    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.

    Formats

  • Executive summary

    Number of pages: 
    2
    Reference no.: 
    ef13881
    Catalogue info

    Платата во Европа во 21 век

    Author(s): 
    Eurofound
    Прашањето за платите привлече особено внимание на европско ниво од почетокот на економската криза, а прашањето за механизмите за утврдување на платата станаа главна тема на дискусиите. Сè на сè, системите за преговарање за платата останаа релативно стабилни; меѓутоа, најзначајните промени се случија во земјите-членки што беа најмногу погодени од економската криза. Во овој извештај се даваат споредбени временски серии за резултатите од преговорите за платата во земјите-членки на ЕУ и Норвешка. Во извештајот се претставени и се дискутира за трендовите на платата според различни системи за преговарање за платата, а се осврнува и на врската помеѓу трендовите на платите и трендовите на продуктивноста (во однос на номиналните и реалните трошоци за работна сила на единица). Се истражуваат и можните последици од хипотетичката заедничка политика за минимална плата во Европа и се проценуваат бројот и типовите потенцијално погодени работници во различни земји.



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