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Title:The fixed wage puzzle: Why profit sharing is so hard to implement PDF Logo
Authors:Jerger, Jürgen
Michaelis, Jochen
Issue Date:2010
Series/Report no.:Joint discussion paper series in economics 13-2010
Abstract: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.
Subjects:profit sharing
share economy
remuneration systems
Document Type:Working Paper
Appears in Collections:MAGKS Joint Discussion Paper Series in Economics, Universität Marburg

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