Le partage du profit: fondements microéconomiques et effets macroéconomiques

Patrick Artus

Annals of Economics and Statistics, 1988, issue 10, 45-73

Abstract: According to M. Weitzman, profit-sharing permits to increase employment and to make it less sensitive to the unfavourable disturbances that may affect the economy. However, some doubts have arisen about the actual existence of those benefits of profit-sharing. Moreover, one does not really know if profit-sharing can appear in an endogenous way, or if it requires public intervention or incentives. This paper adresses the following issues: - how can profit sharing result from the bargaining between firms and tradeunions for the determination of wages or of wages and employment; - in which cases can this system actually reduce involunatry employment; the case of underemployment due to an efficiency wage problem is specially analyzed; - what are the agregate macroeconomic effects of profit-sharing on employment and wages, and does it have stabilizing properties.

Date: 1988
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.jstor.org/stable/20075695 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1988:i:10:p:45-73

Access Statistics for this article

Annals of Economics and Statistics is currently edited by Laurent Linnemer

More articles in Annals of Economics and Statistics from GENES Contact information at EDIRC.
Bibliographic data for series maintained by Secretariat General () and Laurent Linnemer ().