Pay in Europe in the 21st century

Report
Updated
13 April 2014
Published
13 April 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 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

    Os salários na Europa no século XXI

    Authors: 
    Eurofound
    O tema dos salários tem atraído particular atenção a nível europeu desde o início da crise económica, tendo a questão dos mecanismos de fixação salarial sido chamada à colação. Os regimes de negociação salarial permaneceram, de um modo geral, relativamente estáveis. No entanto, as mudanças mais substanciais tiveram lugar nos Estados-Membros mais afetados pela recessão económica. Este relatório apresenta séries temporais comparativas dos resultados da negociação salarial nos Estados-Membros da UE e na Noruega. Apresenta e discute a evolução salarial no contexto dos diferentes regimes de negociação salarial e examina a ligação entre a evolução dos salários e a evolução da produtividade (em termos de custos nominais e reais do trabalho por unidade do produto). Examina também as potenciais implicações de uma hipotética política comum de salário mínimo a nível da UE e estima o número e os tipos de trabalhadores potencialmente afetados em diferentes países.



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