<p>There is the Kaitz-Index, which relates the minimum wage to the average hourly wage, thus facilitating cross-country comparisons on the minimum wage level. The OECD has compiled it <a href="https://stats.oecd.org/Index.aspx?DataSetCode=MIN2AVE" rel="nofollow noreferrer">here</a>. There you'll also find other metrics comparing minimum wage levels across countries. </p>

CC BY-SA 4.0
2019-01-26T17:16:42.220Z
I'm looking for something that allows me to know "how easy" it is to live in a country with a given minimum wage.
Red Banana
CC BY-SA 4.0
2019-01-26T18:34:01.537Z
That's the purpose of the Kaitz-Index, although it's far from perfect. However, mind within-country differences: The French minimum wage will earn a different living standard in Paris compared to the Picardie.
E. Sommer
CC BY-SA 4.0
2019-01-26T19:23:09.883Z
If you have the time, it would be useful to add some references for this index.
Alecos Papadopoulos
CC BY-SA 4.0
2019-01-26T13:57:13.890Z
2019-01-26T20:47:31.127Z
2019-01-26T20:47:31.127Z
E. Sommer
<p>Is there some commonly known indicator that is defined as:  Minimum wage divided by cost of living? I mean, I could call it that way, but perhaps people already have this indicator with a certain specific name or they have a better one for the purpose I'm looking for. </p>

CC BY-SA 4.0
2019-01-26T19:44:27.893Z
You did not reveal your purpose...
Giskard
CC BY-SA 4.0
2019-01-27T00:14:45.560Z
@KennyLJ Basically anything suffers from the problem you mentioned.
Red Banana
CC BY-SA 4.0
2019-01-27T00:45:56.777Z
@KennyLJ How can you be sure that everyone in the country respects the minimum wage law uniformly? An economy can bypass that via informality. (Happens A LOT in my country). You can only believe that the information given by someone (eg: government) is true.
Red Banana
<microeconomics>
Minimum wage divided by cost of living?
Red Banana
# Minimum wage divided by cost of living?

(Asked by: username_0 on 2019-01-26)

Is there some commonly known indicator that is defined as: Minimum wage divided by cost of living? I mean, I could call it that way, but perhaps people already have this indicator with a certain specific name or they have a better one for the purpose I'm looking for.

**Tags:** microeconomics

> **Comments:**
> **username_1**: You did not reveal your purpose...  
> **username_0**: @KennyLJ Basically anything suffers from the problem you mentioned.  
> **username_0**: @KennyLJ How can you be sure that everyone in the country respects the minimum wage law uniformly? An economy can bypass that via informality. (Happens A LOT in my country). You can only believe that the information given by someone (eg: government) is true.  

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## 1 answers

### Answer by username_2 on 2019-01-26. Score: 2

There is the Kaitz-Index, which relates the minimum wage to the average hourly wage, thus facilitating cross-country comparisons on the minimum wage level. The OECD has compiled it [here](https://stats.oecd.org/Index.aspx?DataSetCode=MIN2AVE). There you'll also find other metrics comparing minimum wage levels across countries.

> **Comments:**
> **username_0**: I'm looking for something that allows me to know "how easy" it is to live in a country with a given minimum wage.  
> **username_2**: That's the purpose of the Kaitz-Index, although it's far from perfect. However, mind within-country differences: The French minimum wage will earn a different living standard in Paris compared to the Picardie.  
> **username_3**: If you have the time, it would be useful to add some references for this index.  

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