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The Fixed Wage Puzzle: Why Profit Sharing Is So Hard to Implement
Monograph
Jerger, Jürgen and Michaelis, Jochen (2010) The Fixed Wage Puzzle: Why Profit Sharing Is So Hard to Implement. Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft 441, Working Paper, Regensburg.DOI to cite this document: 10.5283/epub.14395
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.
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Details
| Item type | Monograph (Working Paper) | ||||
| Place of Publication | Regensburg | ||||
| Series of the University of Regensburg | Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft | ||||
| Volume | 441 | ||||
| Number of Pages | 9 | ||||
| Date | April 2010 | ||||
| Date of publication | 16 Apr 2010 08:25 | ||||
| Institutions | Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Internationale und Monetäre Ökonomik (Prof. Dr. Jürgen Jerger) | ||||
| Interdisciplinary Subject Network | Immobilien- und Kapitalmärkte | ||||
| Identification Number |
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| Classification |
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| Keywords | Profit Sharing, Share Economy, Remuneration Systems | ||||
| Dewey Decimal Classification | 300 Social sciences > 330 Economics | ||||
| Status | Published | ||||
| Refereed | No, this version has not been refereed yet (as with preprints) | ||||
| Created at the University of Regensburg | Yes | ||||
| URN of the UB Regensburg | urn:nbn:de:bvb:355-epub-143952 | ||||
| Item ID | 14395 |
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