Kingdom of the Netherlands - Netherlands: Selected Issues

May 28, 2018

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Format: Chicago

Kingdom of the Netherlands - Netherlands: Selected Issues, (USA: International Monetary Fund, 2018) accessed September 18, 2024

Summary

This Selected Issues paper analyzes the wage moderation in the Netherlands. Wage growth has been subdued in the Netherlands despite tighter labor market conditions in recent years. Besides various cyclical factors, rising labor market flexibility may have contributed to the wage moderation in the Netherlands. Like other advanced economies, slower productivity growth and lower expected inflation are important drivers to the wage moderation in the recent years. In addition to that, remaining slack in the labor market also weighed on wage growth. Going forward, wages are expected to grow faster given higher expected inflation, foreign wage spillovers, and tightening labor market.

Subject: Expenditure, Health, Health care, Health care spending, Housing, Housing prices, Labor, Labor markets, National accounts, Prices, Wages

Keywords: Agreement law, Containment challenge, Cost, Cost containment toolkit, CR, ETS price, Global, Health care, Health care spending, House price, Housing, Housing prices, Housing supply, ISCR, Netherlands, Pay, Phillips curve, Wage growth, Wages

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/131
Stock No:

1NLDEA2018002
ISBN:

9781484357866
ISSN:

1934-7685

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