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Macroeconomic implications of a sharing compensation scheme in a model of endogenous growth

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  • Chia-ying Liu
  • Juin-jen Chang

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  • 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.
  • Handle: RePEc:kap:jeczfn:v:102:y:2011:i:1:p:57-75
    DOI: 10.1007/s00712-010-0163-y
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    5. Jerger, Jurgen & Michaelis, Jochen, 1999. " Profit Sharing, Capital Formation and the NAIRU," Scandinavian Journal of Economics, Wiley Blackwell, vol. 101(2), pages 257-275, June.
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    10. Chang, Juin-jen & Lai, Ching-chong & Lin, Chung-cheng, 2003. "Profit sharing, worker effort, and double-sided moral hazard in an efficiency wage model," Journal of Comparative Economics, Elsevier, vol. 31(1), pages 75-93, March.
    11. King, Robert G & Rebelo, Sergio, 1990. "Public Policy and Economic Growth: Developing Neoclassical Implications," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 126-150, October.
    12. Koford, Kenneth J. & Miller, Jeffrey B., 1991. "The natural rate and adjustment to shocks in an efficiency-wage share economy," Journal of Macroeconomics, Elsevier, vol. 13(2), pages 299-316.
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    14. Aghion, Philippe & Howitt, Peter, 2005. "Growth with Quality-Improving Innovations: An Integrated Framework," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 2, pages 67-110, Elsevier.
    15. John, Andrew, 1991. "Employment Fluctuations in a Share Economy," Oxford Economic Papers, Oxford University Press, vol. 43(1), pages 75-84, January.
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    17. Weitzman, Martin L, 1985. "The Simple Macroeconomics of Profit Sharing," American Economic Review, American Economic Association, vol. 75(5), pages 937-953, December.
    18. Franco Cugno & Mario Ferrero, 1991. "Share Systems and Unemployment," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-11530-3, September.
    19. Georges, Christophre, 1998. "Profit-Shares, Bargaining, and Unemployment," Economic Inquiry, Western Economic Association International, vol. 36(2), pages 286-291, April.
    20. Marcus Noland & Howard Pack, 2002. "Industrial Policies and Growth: Lessons From International Experience," Central Banking, Analysis, and Economic Policies Book Series, in: Norman Loayza & Raimundo Soto & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Editor) (ed.),Economic Growth: Sources, Trends, and Cycles, edition 1, volume 6, chapter 9, pages 251-308, Central Bank of Chile.
    21. Guo, Jang-Ting & Lansing, Kevin J., 1999. "Optimal taxation of capital income with imperfectly competitive product markets," Journal of Economic Dynamics and Control, Elsevier, vol. 23(7), pages 967-995, June.
    22. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    23. Turnovsky, Stephen J., 2000. "Fiscal policy, elastic labor supply, and endogenous growth," Journal of Monetary Economics, Elsevier, vol. 45(1), pages 185-210, February.
    24. Philippe Aghion & Steven Durlauf (ed.), 2005. "Handbook of Economic Growth," Handbook of Economic Growth, Elsevier, edition 1, volume 1, number 1.
    25. Pemberton, James, 1991. " Profit Sharing, Unions and Investment: An Extension," Scandinavian Journal of Economics, Wiley Blackwell, vol. 93(4), pages 577-584.
    26. Nakamura, Masao & Hubler, Olaf, 1998. "The bonus share of flexible pay in Germany, Japan and the US: Some empirical regularities," Japan and the World Economy, Elsevier, vol. 10(2), pages 221-232, April.
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    More about this item

    Keywords

    Sharing compensation scheme; Endogenous growth; Market imperfection; Optimal taxation; J33; O41;
    All these keywords.

    JEL classification:

    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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