Go to content
UR Home

Profit sharing, capital formation and the NAIRU

Jerger, Jürgen and Michaelis, Jochen (1999) Profit sharing, capital formation and the NAIRU. The Scandinavian Journal Of Economics 101 (2), pp. 257-275.

This is the latest version of this item.

Full text not available from this repository.

at publisher (via DOI)


Abstract

This paper reconsiders the impact of different remuneration systems on aggregate employment. Contrary to common wisdom on this topic, we show that the switch from a fixed wage economy to a share economy results in lower aggregate unemployment. An additional innovation of this paper is the endogeneity of the capital stock decision of the firm, which enables us to assess and reject the common “disincentive-to-invest” criticism of a share economy.


Export bibliographical data



Item type:Article
Date:1999
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:
ValueType
10.1111/1467-9442.00156DOI
Keywords:hare economy; investment; NAIRU
Dewey Decimal Classification:300 Social sciences > 330 Economics
Status:Published
Refereed:Unknown
Created at the University of Regensburg:Unknown
Item ID:16233

Available versions of this item

Owner only: item control page
  1. Homepage UR

University Library

Publication Server

Contact:

Publishing: oa@ur.de

Dissertations: dissertationen@ur.de

Research data: daten@ur.de

Contact persons