Real Minimum Wages (2018 Edition)
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This dataset contains annual and hourly data on real minimum wages in US dollars, at current exchange rates and at current PPPs. Real hourly and annual minimum wages are statutory minimum wages converted into a common hourly and annual pay period for the 27 OECD countries and 5 non-member countries for which they are available. The resulting estimates are deflated by national Consumer Price Indices (CPI). The data are then converted into a common currency unit using either US $ current exchange rates or US $ Purchasing Power Parities (PPPs) for private consumption expenditures. Data are presented from 1960 onwards.

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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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Annually

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Annual

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1960-2017

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Real hourly and annual minimum wages are statutory minimum wages converted into a common hourly and annual pay period for the 27 OECD countries and 5 non-member countries for which they are available. The resulting estimates are deflated by national Consumer Price Indices (CPI). The data are then converted into a common currency unit using either US $ current exchange rates or US $ Purchasing Power Parities (PPPs) for private consumption expenditures.

Real hourly and annual minimum wages are calculated first by deflating the series using the consumer price index taking 2015 as the base year. The series are then converted into a common currency unit (USD) using Purchasing Power Parities (PPPs) for private consumption expenditures in 2015.

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UK Data Service Guide to OECD Employment and Labour Market Statistics

Real Minimum Wages (2018 Edition)Abstract

This dataset contains annual and hourly data on real minimum wages in US dollars, at current exchange rates and at current PPPs. Real hourly and annual minimum wages are statutory minimum wages converted into a common hourly and annual pay period for the 27 OECD countries and 5 non-member countries for which they are available. The resulting estimates are deflated by national Consumer Price Indices (CPI). The data are then converted into a common currency unit using either US $ current exchange rates or US $ Purchasing Power Parities (PPPs) for private consumption expenditures. Data are presented from 1960 onwards.

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

Periodicity

Annual

Reference period

1960-2017

Link to Release calendar

Annually

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
Key statistical concept

Real hourly and annual minimum wages are statutory minimum wages converted into a common hourly and annual pay period for the 27 OECD countries and 5 non-member countries for which they are available. The resulting estimates are deflated by national Consumer Price Indices (CPI). The data are then converted into a common currency unit using either US $ current exchange rates or US $ Purchasing Power Parities (PPPs) for private consumption expenditures.

Real hourly and annual minimum wages are calculated first by deflating the series using the consumer price index taking 2015 as the base year. The series are then converted into a common currency unit (USD) using Purchasing Power Parities (PPPs) for private consumption expenditures in 2015.

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

Please refer to the OECD Terms and Conditionshttp://www.oecd.org/termsandconditions/