## Kingdom of the Netherlands - Netherlands : Selected Issues

_IMF Staff Country Reports, May 28, 2018_

## Source details

**Canonical URL:** [Kingdom of the Netherlands - Netherlands : Selected Issues](https://www.imf.org/en/publications/cr/issues/2018/05/28/kingdom-of-the-netherlands-netherlands-selected-issues-45901)

## Other formats

- [Markdown version](/en/publications/cr/issues/2018/05/28/kingdom-of-the-netherlands-netherlands-selected-issues-45901/index.md)
- [Structured JSON version](/en/publications/cr/issues/2018/05/28/kingdom-of-the-netherlands-netherlands-selected-issues-45901/index.json)
- [Bundle manifest](/en/publications/cr/issues/2018/05/28/kingdom-of-the-netherlands-netherlands-selected-issues-45901/bundle-manifest.json)

## Bibliographic details
- Authors: International Monetary Fund. European Dept.
- Published: May 28, 2018
- Series: IMF Staff Country Reports

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### Executive summary and central finding
- 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.

### Drivers of wage moderation (findings)
- 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.

### Projections and outlook
- Wages are expected to grow faster going forward because of:
  - higher expected inflation,
  - foreign wage spillovers,
  - tightening labor market.

### Subjects covered
- Cross country analysis
- Greenhouse gas emissions
- Health care
- Housing prices
- Selected issues
- Transportation
- Wage bargaining

*International Monetary Fund. European Dept. Kingdom of the Netherlands - Netherlands : Selected Issues, May 28, 2018.*

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2018/cr18131.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr18131.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2018/05/28/kingdom-of-the-netherlands-netherlands-selected-issues-45901_