Wassenaar Agreement

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]

References

  1. ↑ "CBS - Wassenaar Agreement marks turning point for labour market - Web magazine".
  2. ↑ "Netherlands - Social Pacts in Eurpore - Information Resources - Social Dialogue, Labour Law and Labour Administration Department".
This article is issued from Wikipedia - version of the 10/15/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.