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
, 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.
The International Labour Organization
describes the Wassenaar as "a groundbreaking agreement, setting the tone for later social pacts in many European countries".