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Profit sharing and relative consumption

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  • Goerke, Laszlo

Abstract

Mandatory profit sharing can represent a Pareto-improvement if labour supply is excessive due to relative consumption effects. Profit sharing reduces wages. If the rise in profit income keeps total income constant, there will only be a Pareto-improving substitution effect.

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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 118 (2013)
Issue (Month): 1 ()
Pages: 167-169

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Handle: RePEc:eee:ecolet:v:118:y:2013:i:1:p:167-169

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Web page: http://www.elsevier.com/locate/ecolet

Related research

Keywords: Labour supply; Profit sharing; Relative consumption; Status concerns;

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References

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  1. Persson, Mats, 1995. " Why Are Taxes So High in Egalitarian Societies?," Scandinavian Journal of Economics, Wiley Blackwell, Wiley Blackwell, vol. 97(4), pages 569-80, December.
  2. Martin L. Weitzman, 1984. "The Simple Macroeconomics of Profit Sharing," Working papers 357, Massachusetts Institute of Technology (MIT), Department of Economics.
  3. Corneo, Giacomo, 2002. "The efficient side of progressive income taxation," European Economic Review, Elsevier, Elsevier, vol. 46(7), pages 1359-1368, July.
  4. Jackman, Richard, 1988. "Profit-sharing in a unionised economy with imperfect competition," International Journal of Industrial Organization, Elsevier, Elsevier, vol. 6(1), pages 47-57, March.
  5. Francisco Alvarez-Cuadrado, 2006. "Envy, Leisure, And Restrictions On Working Hours," Departmental Working Papers, McGill University, Department of Economics 2006-01, McGill University, Department of Economics.
  6. Clark, Andrew E. & Frijters, Paul & Shields, Michael A., 2007. "Relative Income, Happiness and Utility: An Explanation for the Easterlin Paradox and Other Puzzles," IZA Discussion Papers 2840, Institute for the Study of Labor (IZA).
  7. Bill Dupor & Wen-Fang Liu, 2003. "Jealousy and Equilibrium Overconsumption," American Economic Review, American Economic Association, American Economic Association, vol. 93(1), pages 423-428, March.
  8. Michaelis, Jochen, 1997. "On the equivalence of profit and revenue sharing," Economics Letters, Elsevier, Elsevier, vol. 57(1), pages 113-118, November.
  9. Lin, Chung-cheng & Chang, Juin-jen & Lai, Ching-chong, 2002. "Profit sharing as a worker discipline device," Economic Modelling, Elsevier, vol. 19(5), pages 815-828, November.
  10. Eckalbar, John C., 1988. "Profit sharing in a competitive environment," Economic Modelling, Elsevier, vol. 5(4), pages 396-402, October.
  11. Georges, Christophre, 1998. "Profit-Shares, Bargaining, and Unemployment," Economic Inquiry, Western Economic Association International, Western Economic Association International, vol. 36(2), pages 286-91, April.
  12. Jerger, Jurgen & Michaelis, Jochen, 1999. " Profit Sharing, Capital Formation and the NAIRU," Scandinavian Journal of Economics, Wiley Blackwell, Wiley Blackwell, vol. 101(2), pages 257-75, June.
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Cited by:
  1. Goerke, Laszlo & Pannenberg, Markus, 2012. "Trade Union Membership and Sickness Absence: Evidence from a Sick Pay Reform," IZA Discussion Papers 6777, Institute for the Study of Labor (IZA).

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