Source
Source Contact person/organisation Contact person/organisation Direct source Direct sourceBibliographic citation:
Organisation for Economic Co-operation and Development: OECD Employment and Labour Market Statistics(2020 Edition). UK Data Service. https://doi.org/10.5257/oecd/labour/2020
Data Characteristics Data Characteristics Date last updated Date last updated25th February 2021
Periodicity PeriodicityAnnual
Reference period Reference periodStart: 1960
End: 2019
Population & Scope Population & Scope Statistical population Statistical populationFor 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.
Other Aspects Other Aspects Other comments Other commentsCopyright Organisation for Economic Co-operation and Development
Bibliographic citation:
Organisation for Economic Co-operation and Development: OECD Employment and Labour Market Statistics(2020 Edition). UK Data Service. https://doi.org/10.5257/oecd/labour/2020
Annual
Start: 1960
End: 2019
25th February 2021
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.
Copyright Organisation for Economic Co-operation and Development