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Jahrestagung des Vereins für Socialpolitik 2012 (Göttingen): Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jh. >
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| Title: | | Profit Sharing and Relative Consumption  |
| Authors: | | Goerke, Laszlo |
| Issue Date: | | 2012 |
| Series/Report no.: | | Beiträge zur Jahrestagung des Vereins für Socialpolitik 2012: Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jahrhunderts - Session: Welfare Economics and Externalities G20-V3 |
| Abstract: | | Traditionally, it has been argued that profit sharing can increase employment and welfare because it lowers marginal labour costs without reducing labour income. In this paper, we show that profit sharing can also represent a Pareto-improvement if labour supply is excessive due to relative consumption effects. This is the case because mandatory profit sharing reduces wages and raises the workers' profit income, thereby mitigating excessive labour supply incentives. |
| JEL: | | D62 J22 J33 |
| Document Type: | | Conference Paper |
| Appears in Collections: | | Jahrestagung des Vereins für Socialpolitik 2012 (Göttingen): Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jh.
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