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150128 ||| eng |
| 020 |
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|a 9781451829396
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| 245 |
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0 |
|a Netherlands
|b Selected Background Issues
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1995
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| 300 |
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|a 59 pages
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| 651 |
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4 |
|a Netherlands, The
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| 653 |
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|a Real wages
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| 653 |
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|a Labour
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| 653 |
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|a Productivity
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| 653 |
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|a Wages, Compensation, and Labor Costs: General
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| 653 |
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|a Production
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| 653 |
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|a Industrial productivity
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| 653 |
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|a Unemployment
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| 653 |
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|a Aggregate Labor Productivity
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| 653 |
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|a Aggregate Human Capital
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| 653 |
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|a Labor
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| 653 |
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|a Macroeconomics: Production
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| 653 |
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|a Labor Economics: General
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Wages
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| 653 |
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|a Economic theory
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| 653 |
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|a Intergenerational Income Distribution
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| 653 |
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|a Income economics
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| 653 |
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|a Employment
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| 653 |
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|a Production and Operations Management
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| 653 |
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|a Labor economics
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| 710 |
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|a International Monetary Fund
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Staff Country Reports
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| 028 |
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|a 10.5089/9781451829396.002
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| 856 |
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|u https://elibrary.imf.org/view/journals/002/1995/049/002.1995.issue-049-en.xml?cid=527-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a This paper analyzes whether the lower increase in wages was a factor in the labor productivity and employment developments in the Netherlands. It argues that there is indeed such a link: rapid wage growth leads to a substitution of capital for labor, and hence to less labor-intensive production; slow wage growth leads to less rapid growth of labor productivity and, for the same output growth, results in a better employment performance. The paper also discusses the causes of the lower wage growth in the Netherlands
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