منابع مشابه
Profit Sharing and Training
Profit Sharing and Training We analyze the impact of profit sharing on the share of workers receiving training. An effect is plausible because: 1) profit sharing is a credible commitment by firms to reward firmspecific skills acquired by formal or informal training, 2) profit sharing may reduce turnover and increase the returns to training, 3) a common payment for the whole workforce leads to p...
متن کاملProfit-Sharing and Innovation
We investigate the effect of profit-sharing on product and process innovation. Profit-sharing is a credible commitment of the companies to let the employees participate in any efficiency gain. Resistance against technical progress becomes less plausible. Moreover, employees are stimulated to share their specific information advantage on possibilities to optimize the production process and produ...
متن کاملProfit sharing and market structure☆
a r t i c l e i n f o We study how agents decide between working for firms with profit sharing and firms in which pay is based on individual productivity. Profit sharing has the disadvantages of free riding and adverse selection. The benefit of profit sharing is that it makes easier for agents to signal their productivity. We show that in equilibrium skilled agents are more likely to belong to ...
متن کاملProfit Sharing and Relative Consumption
Profit Sharing and Relative Consumption Traditionally, it has been argued that profit sharing can increase employment and welfare because it lowers marginal labour costs without reducing total cost or labour income. In this paper, we show that profit sharing can also represent a Pareto-improvement if labour supply is excessive due to relative consumption effects. Mandatory profit sharing reduce...
متن کاملProfit Sharing, Separation and Training
Theory presents two channels through which profit sharing can increase worker training. First, it directly increases training by alleviating hold-up problems and/or encouraging co-workers to provide training. Second, it indirectly increases training by reducing worker separation and increasing training investment’s amortization period. This paper provides the first attempt at separately identif...
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ژورنال
عنوان ژورنال: The Economic Journal
سال: 1892
ISSN: 0013-0133
DOI: 10.2307/2955971