Wadhwani, Sushil; Wall, Martin - In: Economic Journal 100 (1990) 399, pp. 1-17
This paper provides evidence based on U.K. firm-level data that: (1) the authors cannot reject the view that profit-sharing firms view the total level of remuneration as the marginal cost of labor, which is contrary to much of Weitzman's analysis; (2) there is some support for the popular view...