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Pay in Europe in the 21st Century

dc.contributor.authorEurofound
dc.date.accessioned2020-12-02T22:22:57Z
dc.date.available2020-12-02T22:22:57Z
dc.date.issued2014-01-01
dc.description.abstractThe 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. It presents and discusses pay developments against the background of different wage‑bargaining regimes and looks into the link between pay and productivity developments (in terms of nominal and real unit labour costs). The report also investigates 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.
dc.description.legacydownloadsEF_Pay_in_Europe_in_the_21st_Century.pdf: 260 downloads, before Oct. 1, 2020.
dc.identifier.other5435879
dc.identifier.urihttps://hdl.handle.net/1813/87503
dc.language.isoen_US
dc.subjectwages
dc.subjectEurope
dc.subjectminimum wage
dc.subjectwage-bargaining
dc.subjectEuropean Union
dc.titlePay in Europe in the 21st Century
dc.typearticle
local.authorAffiliationEurofound: True

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