Netherlands : Selected Background Issues.
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; slo...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1995.
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| Series: | IMF Staff Country Reports; Country Report ;
No. 1995/049 |
| Online Access: | Full text available on IMF |