Wassenaar Agreement

Wassenaar Agreement

The Wassenaar Agreement (not to be confused with the Wassenaar Arrangement) was an agreement reached in 1982 between employers organisations and labor unions in the Netherlands to restrain wage growth in return for the adoption of policies to combat unemployment and inflation. The agreement has been credited with ending the wage-price spiral of the 1970s, greatly reducing unemployment and producing strong growth in output and employment. [http://www.cbs.nl/en-GB/menu/themas/macro-economie/publicaties/artikelen/archief/2007/2007-2321-wm.htm] .


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