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Faculty of Business Administration and Economics, Philipps-Universität Marburg >
MAGKS Joint Discussion Paper Series in Economics, Universität Marburg >
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http://hdl.handle.net/10419/56587
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| Title: | | The fixed wage puzzle: Why profit sharing is so hard to implement  |
| 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 |
| JEL: | | E24 J33 |
| Document Type: | | Working Paper |
| Appears in Collections: | | MAGKS Joint Discussion Paper Series in Economics, Universität Marburg
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