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Living wages in practice

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  • OECD

Abstract

At a time of rising cost of living, wide wage inequalities and widespread in-work poverty, the demand for a living wage has heightened. This Policy Insights introduces and contextualises the concept of a living wage. It also highlights the key measurement assumptions and criteria that underlie the calculations of a living wage and calls for greater clarity and consistency in existing methodologies.

Suggested Citation

  • Oecd, 2023. "Living wages in practice," OECD Policy Insights on Well-being, Inclusion and Equal Opportunity 8, OECD Publishing.
    • Handle: RePEc:oec:wiseab:8-en
    DOI: 10.1787/699b3f9b-en
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    More about this item

    Keywords

    living wages; minimum wages; poverty lines; wage levels;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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