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Contents 8 Boxes 10 Figures 10 Tables 12 Preface 6 Acknowledgements 13 Executive summary 15 Part I. Major trends in wages 23 1. Introduction 23 2. Economic context 25 2.1 Improved economic growth in developed economies, but lower growth globally 25 2.2 Recent labour market trends 28 3. Global and regional wage trends 29 3.1 Global wage trends 29 3.2 G20 wage trends 30 3.3 Regional wage trends 31 3.4 Some country-specific trends 33 3.5 Wages and the risk of deflation 35 4. Wages, productivity and the labour income share 37 4.1 A persistent gap between wage growth and labour productivity growth 37 4.2 An overall decline in labour income share 39 5. Wage inequality and minimum wages 43 5.1 Wage inequality 43 5.2 Minimum wages 46 6. Average gender pay gaps 52 Part II. Wage inequality in the workplace 54 7. Introduction 54 8. The overall distribution of wages 56 8.1 Wage levels across the wage distribution 56 8.2 Wage distribution as seen through different measures of inequality 61 9. The characteristics of workers 64 9.1 Exploring how personal and labour market characteristics affect wages 64 9.2 How the wage distribution varies for European workers with various characteristics 64 9.3

Language

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