Profit sharing and relative consumption
AbstractMandatory 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 InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 118 (2013)
Issue (Month): 1 ()
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Web page: http://www.elsevier.com/locate/ecolet
Labour supply; Profit sharing; Relative consumption; Status concerns;
Other versions of this item:
- Goerke, Laszlo, 2012. "Profit Sharing and Relative Consumption," IZA Discussion Papers 6925, Institute for the Study of Labor (IZA).
- Goerke, Laszlo, 2012. "Profit Sharing and Relative Consumption," Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century 66064, Verein für Socialpolitik / German Economic Association.
- Laszlo Goerke, 2012. "Profit Sharing and Relative Consumption," IAAEU Discussion Papers 201202, Institute of Labour Law and Industrial Relations in the European Union (IAAEU).
- Laszlo Goerke, 2012. "Profit Sharing and Relative Consumption," CESifo Working Paper Series 3970, CESifo Group Munich.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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