Global Wage Report 2022-23 : The Impact of Inflation and COVID-19 on Wages and Purchasing Power / International Labour Office.

Format:

Book

Author/Creator:

International Labour Office, author.

Series:

Global Wage Report

Language:

English

Subjects (All):

Wages.

Cost and standard of living.

Physical Description:

1 online resource (148 pages)

Edition:

First edition.

Place of Publication:

Geneva : International Labour Organization, [2022]

Summary:

This report gives a unique picture of wage trends globally, by region and at country level. The current edition includes new evidence on how the COVID-19 crisis and recent inflation have impacted on wages and purchasing power across countries and regions up until the middle of 2022.

Contents:

Intro

Table of contents

Preface

Acknowledgements

Abbreviations

Executive summary

1. Introduction

2. The global economic and labour market context

2.1. Economic growth

2.2. The evolution of public debt

2.3. Inflation rates

2.4. The labour market context

3. Wage trends in the context of the COVID-19 crisis and rising price inflation

3.1. Global wage trends

3.2. Regional wage trends

3.3. Wage indices in the G20 economies

3.4. Wages and productivity trends in high-income countries

Beyond averages: The greater impact of inflation on the purchasing power of low-wage earners

3.5. The cost of inflation across the income distribution

3.6. Inflation rates biting into the purchasing power of minimum wages

How have the total wages earned by women and men been affected by the COVID-19 crisis and inflation?

3.7. Evolution of the total wage bill before and during the COVID-19 crisis

3.8. Decomposing the change in the total wage bill over time, and a comparison between women and men

3.9. Changes in employment and wages across the wage distribution in the formal and informal economies

4. Wage inequality in the context of the COVID-19 crisis and rising price inflation

4.1. The COVID-19 crisis and wage inequality

4.2. Uncovering the factors behind changes in wage inequality

4.3. The COVID-19 crisis and the gender pay gap

5. Policy options and responses to the cost-of-living crisis

5.1. Macroeconomic policies

5.2. The need to strengthen labour market institutions and wage policies

5.3. Policies to support households, particularly the most vulnerable, during high inflation

5.4. Tackling the gender pay gap

5.5. The role of multilateralism

Appendices

Appendix I. Sources of quarterly survey data, spending patterns of households, and processing of the data.

Appendix II. Evolution of the total wage bill in 2020, 2021 and the first two quarters of 2022

Appendix III. Decomposing changes in the total wage bill and estimating changes in employment and earnings across the wage distribution

Appendix IV. Decomposition of the change in the total wage bill for 2020 and 2021

Appendix V. Decomposing the change in wage inequality over time

References and databases.

Notes:

Includes bibliographical references.

Description based on publisher supplied metadata and other sources.

Description based on print version record.

Other Format:

Print version: this), International Labour Office (Don't USE Global Wage Report 2022-23

ISBN:

9789220365120

922036512X

OCLC:

1357014626