Minimum Relative to Average Wages of Full-Time Workers (2018 Edition)
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This dataset contains annual data on minimum wages relative to median wages of full-time workers. For cross-country comparisons, data on minimum wage levels are further supplemented with another measure of minimum wages relative to average wages, that is, the ratio of minimum wages to median earnings of full-time employees. Median rather than mean earnings provide a better basis for international comparisons as it accounts for differences in earnings dispersion across countries. Data coverage begins in 1960.

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Organisation for Economic Development and Co-operation (2019): OECD Employment and Labour Market Statistics, UK Data Service. https://doi.org/10.5257/oecd/labour/2018-11

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Yearly

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Annual

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1960-2017

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Data are reported in national currency units, at current prices.

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For cross-country comparisons, data on minimum wage levels are further supplemented with another measure of minimum wages relative to average wages, that is, the ratio of minimum wages to median earnings of full-time employees. Median rather than mean earnings provide a better basis for international comparisons as it accounts for differences in earnings dispersion across countries. However, while median of basic earnings of full-time workers - i.e. excluding overtime and bonus payments - are, ideally, the preferred measure of average wages for international comparisons of minimum-to-median earnings, they are not available for a large number of countries.

Minimum relative to mean earnings of full-time workers are also provided.

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UK Data Service Guide to OECD Employment and Labour Market Statistics

Minimum Relative to Average Wages of Full-Time Workers (2018 Edition)Abstract

This dataset contains annual data on minimum wages relative to median wages of full-time workers. For cross-country comparisons, data on minimum wage levels are further supplemented with another measure of minimum wages relative to average wages, that is, the ratio of minimum wages to median earnings of full-time employees. Median rather than mean earnings provide a better basis for international comparisons as it accounts for differences in earnings dispersion across countries. Data coverage begins in 1960.

Contact person/organisation

http://ukdataservice.ac.uk/help/get-in-touch.aspxhttp://ukdataservice.ac.uk/help/get-in-touch.aspxDirect source

Organisation for Economic Development and Co-operation (2019): OECD Employment and Labour Market Statistics, UK Data Service. https://doi.org/10.5257/oecd/labour/2018-11

Source Periodicity

Yearly

Unit of measure used

Data are reported in national currency units, at current prices.

Periodicity

Annual

Reference period

1960-2017

Statistical population

For cross-country comparisons, data on minimum wage levels are further supplemented with another measure of minimum wages relative to average wages, that is, the ratio of minimum wages to median earnings of full-time employees. Median rather than mean earnings provide a better basis for international comparisons as it accounts for differences in earnings dispersion across countries. However, while median of basic earnings of full-time workers - i.e. excluding overtime and bonus payments - are, ideally, the preferred measure of average wages for international comparisons of minimum-to-median earnings, they are not available for a large number of countries.

Minimum relative to mean earnings of full-time workers are also provided.

Geographic coverage

Cross-national; National
OECD countries

http://www.oecd.org/about/membersandpartners/list-oecd-member-countries.htmhttp://www.oecd.org/about/membersandpartners/list-oecd-member-countries.htm
Recommended uses and limitations

UK Data Service Guide to OECD Employment and Labour Market Statistics

OECD Employment and Labour Market Statisticshttp://ukdataservice.ac.uk/use-data/guides/dataset/labour-statistics.aspx
Other comments

Copyright Organisation for Economic Co-operation and Development

Terms and Conditionshttp://www.oecd.org/termsandconditions/