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Income

15.07.19 | Tölfræði
Although the Nordic countries are known for their work on gender eqality, a wage gap can still be observed between men and women in the labour market. This may partly be explained by the fact that professions dominated by women tend to have a lower average wage than the professions dominated by men.

Gender pay gap

The unadjusted Gender Pay Gap represents the difference between average gross hourly earnings of male paid employees and of female paid employees as a percentage of average gross hourly earnings of male paid employees.

Mean annual earnings

Mean annual earnings are the gross annual earnings of employees, calculated for both full-time and part-time employees, as full-time equivalents. 

People at risk of poverty

The indicator measures the proportion of men and women at risk of monetary poverty. Monetary poverty is a key dimension of social inclusion. Persons are at risk of poverty if their equivalised disposable income is below the risk-of-poverty threshold, which in the EU is set at 60 per cent of the national median income after social transfers.

Relative median income ratio

The relative median income ratio is defined as the ratio of the median equivalised disposable income of people aged above 65 to the median equivalised disposable income of those aged 65 years or below.