Tag Archives: Wages

Minimum Wages in 2019 – Annual Review

In most EU Member States, reviews of the statutory minimum wage rates spark a great deal of public interest. Such reviews affect the wider workforce, beyond those workers on the statutory minimum wage. Pay rates in collective agreements may be adapted in response to an increase in the minimum wage, affecting lower-paid workers more generally; …
Continue reading

Statutory Minimum Wages 2018

Increases to minimum wages have gathered pace since 2010, with the highest increases recorded in countries which had the lowest minimum wages. However, a large gap remains with minimum wage workers in Bulgaria, the country with the lowest statutory minimum wage, earning just one-eighth the salary of minimum wages workers in Luxembourg, which has the …
Continue reading

Salary-Setting Mechanisms Across the EU

Eurofound has a considerable body of research findings looking at how salary levels are set in EU Member States. “Salary-setting mechanisms across the EU” report by Barbara Gerstenberger looks at the mechanisms used to determine statutory minimum wages, the use of variable pay schemes in companies in the EU, and national systems of supplementary pay. …
Continue reading

Structure of Earnings Survey

How are earnings distributed in the EU? Notable discrepancies can be observed in the Member States of the European Union (EU) in gross hourly earnings, not only between the 10% of employees earning the least and the 10% earning the most, but also according to the economic activity, with financial and insurance activities being among …
Continue reading

Prices and Earnings 2015

UBS’s “Prices and Earnings 2015″ study ranks Zurich, Geneva and New York as the world’s most expensive cities in the world, based on a standardized basket of 122 goods and services. Barcelona, the most expensive city in Spain, occupies 39th place. The cost of living is lowest in certain Eastern European cities such as Kiev, which is …
Continue reading

Global Wage Report 2014/15

The ILO has just published the “Global Wage Report 2014/15: Wages and income inequality.” The study analyses the evolution of real wages around the world, giving a unique picture of wage trends and relative purchasing power globally and by region. The report also considers wage gaps between certain groups, such as those between women and …
Continue reading

Taxing Wages 2014

The OECD has just published the report, “Taxing Wages 2014.” According to the study, tax burdens on labor income continue to rise across the OECD. Personal income tax has risen in 25 out of 34 OECD countries over the past three years,as countries reduce the value of tax-free allowances and tax credits and subject higher …
Continue reading

Wages in Europe

Eurofound has just published the “Pay in Europe in the 21st Century” report. The study features a comparative time series on wage-bargaining outcomes across the EU as well as the findings of research on the different systems and current levels of minimum wages in Europe. The study evaluates the implication of a hypothetical scenario of …
Continue reading

Global Wage Report 2012/13

The ILO has just published the Global Wage Report 2012/13. The study looks at the macroeconomic effects of wages, and in particular at how current trends are linked to equitable growth. The gap between wage growth and labour productivity growth is widening, the difference between the top and bottom earners is increasing, and the labour …
Continue reading