effects of mandated profit-sharing on firms and their employees. The cost of mandated profit-sharing for firms is evident in …-reform. Using a difference-in-difference strategy, we find that, at the firm-level, mandated profit-sharing (a) increases labor … share by 1.8 percentage points, (b) reduces the profit share by 1.4 percentage points, and (c) does not affect investment …

Norway, we are able to attribute business income to personal owners as it accrues rather than when it is realized. This …

earnings by the entire nominal employer share of the tax increase. If wages play a motivational role but the market still … clears, the range of possible outcomes is broader but wages should still not rise if the tax is nominally divided 50/50. In … effects of wages are important but cannot clearly distinguish between the efficiency wage and market-clearing versions of …

in wages are explained by movements in lagged levels of profitability and unemployment. The results appear to be … competitive labor market model. The paper estimates the unemployment elasticity of pay at approximately -0.03, and the profit …