IDEAS home Printed from https://ideas.repec.org/h/pal/stuchp/978-3-031-23167-4_16.html
   My bibliography  Save this book chapter

Profit-sharing and Employment: Claims and Overclaims

In: Collected Works of Domenico Mario Nuti, Volume II

Author

Listed:
  • Domenico Mario Nuti

    (University of Rome)

Abstract

It has long been argued that pay formulas containing an element of profit-sharing have noninflationary employment promotion properties (Vanek 1965), except in self-managed enterprises (e.g., Vanek 1970). Recently Weitzman (1983, 1984, 1985a,b,c) has promoted economy-wide profit-sharing, combined with workers’ strict exclusion from employment decisions, as a scheme guaranteed to achieve a blissful state of noninflationary excess demand for labor, absorbing all or part of possible deflationary shocks. Weitzman’s proposal is reminiscent of the set-up in Catch-22, where a wheeler-dealer retrades and speculates with army supplies originally meant for the soldiers, who are supposed to benefit instead from their share in the profit of his operations; everybody has a share, nobody has a say, and the main beneficiary of the scheme is its proposer.

Suggested Citation

  • Domenico Mario Nuti, 2023. "Profit-sharing and Employment: Claims and Overclaims," Studies in Economic Transition, in: Saul Estrin & Milica Uvalic (ed.), Collected Works of Domenico Mario Nuti, Volume II, chapter 16, pages 369-385, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-3-031-23167-4_16
    DOI: 10.1007/978-3-031-23167-4_16
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:stuchp:978-3-031-23167-4_16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.