The fixed wage puzzle : why profit sharing is so hard to implement

Jürgen Jerger; Jochen Michaelis

It is well known that profit sharing arrangements Pareto-dominate fixed wage contracts. Share agreements are (far) less than ubiquitous, however. This paper offers a solution of this "fixed wage puzzle" by adopting a perspective of bounded rationality. We show that share arrangements that fulfill "plausible" constraints are not generally acceptable to both firms and unions.

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Year of publication:	2010
Authors:	Jerger, Jürgen
Other Persons:	Michaelis, Jochen (contributor)
Institutions:	Osteuropa-Institut (contributor)
Publisher:	Regensburg : Osteuropa-Institut
Subject:	Lohnbildung \| Wage setting \| Erfolgsbeteiligung \| Profit sharing \| Tarifverhandlungen \| Collective bargaining \| Begrenzte Rationalität \| Bounded rationality \| Theorie \| Theory

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Extent:	V, 7 S. Lit. S. 7
Series:	Arbeiten aus dem Osteuropa-Institut Regensburg, Wirtschaftswissenschaftliche Abteilung. - Regensburg : Osteuropa-Inst., ZDB-ID 2483745-3. Wirtschaftswissenschaftliche Abteilung
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Parallel als Druckausg. erschienen Systemvoraussetzungen: Acrobat Reader
ISBN:	978-3-938980-32-3
Other identifiers:	hdl:10419/57816 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003961936