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OECD Policy Insights on Well-being, Inclusion and Equal Opportunity

This series features policy and statistical insights on the measurement agenda for well-being, inclusiveness, sustainability and equal opportunity as well as analysis to help deepen the understanding of the drivers of these issues, the ways in which they interact and how they evolve. Learn more about these key topics in just a few pages.

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English Also available in: French

Living wages in practice

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.

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English Also available in: French

Keywords: living wages, minimum wages, wage levels, poverty lines
JEL: E31: Macroeconomics and Monetary Economics / Prices, Business Fluctuations, and Cycles / Price Level; Inflation; Deflation; J31: Labor and Demographic Economics / Wages, Compensation, and Labor Costs / Wage Level and Structure; Wage Differentials; I32: Health, Education, and Welfare / Welfare, Well-Being, and Poverty / Measurement and Analysis of Poverty; E21: Macroeconomics and Monetary Economics / Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy / Macroeconomics: Consumption; Saving; Wealth
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Author(s)
OECD

26 Apr 2023

7 pages

No. 8

https://doi.org/10.1787/699b3f9b-en

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