Netherlands : Selected Background Issues

Selected Background Issues

Netherlands : Selected Background Issues
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... READ MORE...

Publication date: June 1995
ISBN 9781451829396
$15.00

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