Employment Fluctuations in a Share Economy
AbstractThe ability of a "share economy" to absorb adverse shocks without generating unemployment is not robust to changes in the specification of the labor market. In the presence of elastic short-run labor supply, inside workers, or efficiency wages, there may be more employment fluctuation at firms offering share contracts than at firms offering fixed-wage contracts. Copyright 1991 by Royal Economic Society.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Economic Papers.
Volume (Year): 43 (1991)
Issue (Month): 1 (January)
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- Pablo González, 2002. "Profit Sharing Reconsidered: Efficiency Wages and Renegotiation Costs," Documentos de Trabajo 151, Centro de Economía Aplicada, Universidad de Chile.
- Berthold, Norbert & Stettes, Oliver, 2001. "Die Gewinnbeteiligung - Wundermittel im organisatorischen und strukturellen Wandel?," Wirtschaftswissenschaftliche BeitrÃ¤ge 49, Julius-Maximilians-Universität Würzburg, Lehrstuhl für Volkswirtschaftslehre, insbes. Wirtschaftsordnung und Sozialpolitik.
- Chia-ying Liu & Juin-jen Chang, 2011. "Macroeconomic implications of a sharing compensation scheme in a model of endogenous growth," Journal of Economics, Springer, vol. 102(1), pages 57-75, January.
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