This paper considers the claim that explicit profit sharing reduces the marginal cost of labour This is contrasted with the view that implicit profit sharing occurs through wage bargaining Using a microeconomic data set from the UK we find no evidence that the introduction of profit sharing...

[fre] Partage explicite du profit ou partage implicite du profit dans la détermination des salaires . par Sandeep Bhargava et Tim Jenkinson . L'objet de cet article est de s'interroger sur l'affirmation stipulant que le partage explicite du profit réduit le coût marginal du travail. Cette vue...

This paper investigates the role profit sharing played in the superior productivity record of the UK in the 1980s. Using a panel data set, we find that the introduction of profit sharing raised productivity but only in the mid and late 1980s. Our evidence also suggests that the productivity rise...