The fixed wage puzzle: Why profit sharing is so hard to implement
نویسندگان
چکیده
منابع مشابه
To Share or Not to Share? Why Profit Sharing Is So Hard to Implement
It is widely recognized that a Share Economy (SE) Pareto-dominates a FixedWage Economy (FWE) if unions care about employment. This begs the question, why profit sharing is less than ubiquitous. In this paper, we offer a solution to this conundrum by looking at particular transition arrangements from a FWE to a SE. We analytically show that despite the Pareto-dominance of a SE, the changeover fr...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2011
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2010.10.019