The Wassenaar Agreement was an agreement reached in 1982 between employers' organisations and labour unions in the Netherlands to restrain wage growth in return for the adoption of policies to combat unemployment and inflation, such as reductions in working hours and the expansion of part-time employment. 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.[1] The International Labour Organization describes the Wassenaar as "a groundbreaking agreement, setting the tone for later social pacts in many European countries".[2]
wassenaar, agreement, confused, with, wassenaar, arrangement, agreement, reached, 1982, between, employers, organisations, labour, unions, netherlands, restrain, wage, growth, return, adoption, policies, combat, unemployment, inflation, such, reductions, worki. Not to be confused with the Wassenaar Arrangement The Wassenaar Agreement was an agreement reached in 1982 between employers organisations and labour unions in the Netherlands to restrain wage growth in return for the adoption of policies to combat unemployment and inflation such as reductions in working hours and the expansion of part time employment 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 1 The International Labour Organization describes the Wassenaar as a groundbreaking agreement setting the tone for later social pacts in many European countries 2 See also editMoncloa PactsReferences edit CBS Wassenaar Agreement marks turning point for labour market Web magazine Netherlands Social Pacts in Eurpore Information Resources Social Dialogue Labour Law and Labour Administration Department nbsp This economics related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Wassenaar Agreement amp oldid 1039638029, wikipedia, wiki, book, books, library,
