Database Specific
Database Specific Abstract AbstractThis 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 OECD countries and 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.
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 Geographic coverage Geographic coverageCross-national; National
OECD countries
Concepts & Classifications Concepts & Classifications Key statistical concept Key statistical conceptReal hourly and annual minimum wages are statutory minimum wages converted into a common hourly and annual pay period for the OECD countries and 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 2019 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 2019.
Other Aspects Other Aspects Other comments Other commentsCopyright Organisation for Economic Co-operation and Development
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 OECD countries and 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.
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
Cross-national; National
OECD countries
Real hourly and annual minimum wages are statutory minimum wages converted into a common hourly and annual pay period for the OECD countries and 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 2019 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 2019.
Copyright Organisation for Economic Co-operation and Development