Pay in Europe in the 21st century

Report
Published
13 April 2014
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Sommarju

 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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Formats

  • 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

    Il-pagi fl-Ewropa fis-seklu 21

    Author(s): 
    Eurofound
    Il-kwistjoni tal-pagi ġibdet attenzjoni partikolari fil-livell Ewropew sa mill-bidu tal-kriżi ekonomika, bil-kwistjoni tal-mekkaniżmi tal-iffissar tal-pagi tkun fuq quddiem tad-diskussjoni. Ir-reġimi tan-negozjar tal-pagi, b’mod ġenerali, baqgħu relattivament stabbli; madankollu, it-tibdil l-iżjed sostanzjali seħħ f’dawk l-Istati Membri l-iżjed affettwati mit-tnaqqis fir-ritmu ekonomiku. Dan ir-rapport jipprovdi serje tal-ħin komparattiv dwar ir-riżultati tan-negozjar tal-pagi fl-Istati Membri tal-UE kollha u fin-Norveġja. Ir-rapport jippreżenta u jiddiskuti l-iżviluppi fil-pagi fl-isfond ta’ reġimi differenti ta’ negozjar tal-pagi u jħares lejn ir-rabta bejn il-pagi u l-iżviluppi fil-produttività (f’termini ta’ kost ta’ unità tax-xogħol nominali u reali). Dan jinvestiga wkoll l-implikazzjonijiet potenzjali ta’ politika dwar paga minima Ewropea komuni ipotetika u jistma n-numru u t-tipi ta’ ħaddiema li potenzjalment jiġu affettwati f’pajjiżi differenti.



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