EconStor >
Philipps-Universität Marburg >
Faculty of Business Administration and Economics, Philipps-Universität Marburg >
MAGKS Joint Discussion Paper Series in Economics, Universität Marburg >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/56587
  
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
JEL:E24
J33
Document Type:Working Paper
Appears in Collections:MAGKS Joint Discussion Paper Series in Economics, Universität Marburg

Files in This Item:
File Description SizeFormat
623861259.pdf99.24 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/56587

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.