TY - BOOK ID - 84545859 TI - Netherlands : Selected Background Issues. AU - International Monetary Fund. AU - International Monetary Fund PY - 1995 SN - 1462327133 1452789045 1280984880 9786613756497 1463909586 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Labor KW - Macroeconomics KW - Production and Operations Management KW - Wages, Compensation, and Labor Costs: General KW - Employment KW - Unemployment KW - Wages KW - Intergenerational Income Distribution KW - Aggregate Human Capital KW - Aggregate Labor Productivity KW - Labor Economics: General KW - Macroeconomics: Production KW - Labour KW - income economics KW - Real wages KW - Productivity KW - Production KW - Economic theory KW - Labor economics KW - Industrial productivity KW - Netherlands, The KW - Income economics UR - https://www.unicat.be/uniCat?func=search&query=sysid:84545859 AB - 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; slow wage growth leads to less rapid growth of labor productivity and, for the same output growth, results in a better employment performance. The paper also discusses the causes of the lower wage growth in the Netherlands. ER -