We analyze the impact of profit sharing on the share of workers receiving training. An effect is plausible because: 1 …) profit sharing is a credible commitment by firms to reward firm-specific skills acquired by formal or informal training, 2 …) profit sharing may reduce turnover and increase the returns to training, 3) a common payment for the whole workforce leads to …

We investigate the effect of profit sharing on establishments' hirings, layoffs, and quits. Our principal argument is … that profit sharing increases wage flexibility and also aligns wages with a changing marginal revenue product. Because … might choose to adopt profit-sharing schemes. Our empirical analysis is based on the IAB Establishment Panel. We estimate …

Germany for the period from 1970 until German reunification in 1990. Building on the emphasis of trade theory on relative … higher skill levels monotonically. Import competition as well as total factor productivity were increasing disproportionately …

estimated nonparametrically too. In this framework, we develop the asymptotic distribution theory of the EPK in the L1 sense …, as an alternative to the asymptotic approach, we propose a bootstrap confidence band. The developed theory is helpful for …

jointly analyze wage dynamics and the incidence of profit-sharing in West Germany. Our findings reveal a significantly … positive conditional correlation of wages and the incidence of profit-sharing. Furthermore, they indicate that permanent … unobserved individual ability is comparatively more important in the profit-sharing than in the wage equation and show that …

estimated nonparametrically too. In this framework, we develop the asymptotic distribution theory of the EPK in the L1 sense …, as an alternative to the asymptotic approach, we propose a bootstrap confidence band. The developed theory is helpful for …