{
  "title": "Kingdom of the Netherlands - Netherlands : Selected Issues",
  "publication": "IMF Staff Country Reports, May 28, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/05/28/kingdom-of-the-netherlands-netherlands-selected-issues-45901",
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  "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.",
  "sections": [
    {
      "heading": "Executive summary and central finding",
      "content": "- This Selected Issues paper analyzes the wage moderation in the Netherlands.\n- Wage growth has been subdued in the Netherlands despite tighter labor market conditions in recent years.\n- Going forward, wages are expected to grow faster given higher expected inflation, foreign wage spillovers, and tightening labor market."
    },
    {
      "heading": "Drivers of wage moderation (findings)",
      "content": "- Cyclical factors contributed to wage moderation.\n- Rising labor market flexibility may have contributed to the wage moderation in the Netherlands.\n- Slower productivity growth is an important driver of wage moderation in recent years.\n- Lower expected inflation is an important driver of wage moderation in recent years.\n- Remaining slack in the labor market also weighed on wage growth."
    },
    {
      "heading": "Projections and outlook",
      "content": "- Wages are expected to grow faster going forward because of:\n  - higher expected inflation,\n  - foreign wage spillovers,\n  - tightening labor market."
    },
    {
      "heading": "Subjects covered",
      "content": "- Cross country analysis\n- Greenhouse gas emissions\n- Health care\n- Housing prices\n- Selected issues\n- Transportation\n- Wage bargaining\n\nInternational Monetary Fund. European Dept. Kingdom of the Netherlands - Netherlands : Selected Issues, May 28, 2018.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Authors: International Monetary Fund. European Dept.",
    "Published: May 28, 2018",
    "Series: IMF Staff Country Reports",
    "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.",
    "Going forward, wages are expected to grow faster given higher expected inflation, foreign wage spillovers, and tightening labor market.",
    "Cyclical factors contributed to wage moderation.",
    "Rising labor market flexibility may have contributed to the wage moderation in the Netherlands.",
    "Slower productivity growth is an important driver of wage moderation in recent years.",
    "Lower expected inflation is an important driver of wage moderation in recent years.",
    "Remaining slack in the labor market also weighed on wage growth.",
    "Wages are expected to grow faster going forward because of:",
    "**Country Report**"
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