Kingdom of the Netherlands–The Netherlands: Selected Issues
IMF Staff Country Reports, April 8, 2024
Source details
- Canonical URL
- Kingdom of the Netherlands–The Netherlands: Selected Issues
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Bibliographic details
- Published: April 8, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400271786.002
Summary findings
- The paper explores labor market shortages in The Netherlands.
- The Dutch economy has long benefited from substantial openness to achieve high living standards and provide employment opportunities.
- The labor market has become exceptionally tight recently, with cyclical and structural factors contributing to the tightness.
- Rapid population aging and an ambitious climate agenda call for more efficient use of resources and productivity growth to maintain economic growth.
- A comprehensive approach is needed to address labor shortages, promote a more inclusive, flexible, and efficient labor market, and support economic growth.
Key policy recommendations
- Increase market flexibility.
- Activate the unemployed.
- Incentivize longer working hours of part-time employees.
- Promote longer working lives.
- Restore the balance between different types of employment.
- Secure adequate social protection of all groups.
- Ensure a smooth transition from one job to another.
- Encourage innovation and technology adoption.
Context and themes
- Subject areas: Employment, International organization, Labor, Labor markets, Labor shortages, Labor supply, Monetary policy.
- Keywords included: Employment, Global, job vacancy, labor market indicator, labor market shortage, Labor markets, Labor shortages, Labor supply, Policy recommendation, self-employment growth.
- The analysis highlights both cyclical and structural drivers of tightness and frames policy actions to support resource efficiency and productivity as responses to demographic and climate-related pressures.
Content in this bundle
- 1. Labor Market Indicators