The policy that has led from the ‘Dutch disease’ (in the 1980s) to the ‘Dutch miracle’ (in the 1990s) consists of three tracks: 1) wage moderation, 2) retrenching public expenditure and reducing the tax burden, 3) slimming the welfare system. The wage moderation track seems to have been...

The policy that has led from the ‘Dutch disease’ (in the 1980s) to the ‘Dutch miracle’ (in the 1990s) consists of three tracks: 1) wage moderation, 2) retrenching public expenditure and reducing the tax burden, 3) slimming the welfare system. The wage moderation track seems to have been...