Le partage du profit: fondements microéconomiques et effets macroéconomiques
According to M. Weitzman, profit-sharing permits to increase employment and to make it less sensitive to the unfavourable disturbances that may affect the economy. However, some doubts have arisen about the actual existence of those benefits of profit-sharing. Moreover, one does not really know if profit-sharing can appear in an endogenous way, or if it requires public intervention or incentives. This paper adresses the following issues: • how can profit sharing result from the bargaining between firms and tradeunions for the determination of wages or of wages and employment; • in which cases can this system actually reduce involunatry employment; the case of underemployment due to an efficiency wage problem is specially analyzed; • what are the agregate macroeconomic effects of profit-sharing on employment and wages, and does it have stabilizing properties.
Year of publication: |
1988
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Authors: | ARTUS, Patrick |
Published in: |
Annales d'Economie et de Statistique. - École Nationale de la Statistique et de l'Admnistration Économique (ENSAE). - 1988, 10, p. 45-73
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Publisher: |
École Nationale de la Statistique et de l'Admnistration Économique (ENSAE) |
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