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Employment Fluctuations in a Share Economy

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  • John, Andrew

Abstract

The 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.

Suggested Citation

  • John, Andrew, 1991. "Employment Fluctuations in a Share Economy," Oxford Economic Papers, Oxford University Press, vol. 43(1), pages 75-84, January.
  • Handle: RePEc:oup:oxecpp:v:43:y:1991:i:1:p:75-84
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    Cited by:

    1. 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.
    2. Pablo González, 2002. "Profit Sharing Reconsidered: Efficiency Wages and Renegotiation Costs," Documentos de Trabajo 151, Centro de Economía Aplicada, Universidad de Chile.
    3. Antal, Miklós, 2014. "Green goals and full employment: Are they compatible?," Ecological Economics, Elsevier, vol. 107(C), pages 276-286.
    4. Berthold, Norbert & Stettes, Oliver, 2001. "Die Gewinnbeteiligung - Wundermittel im organisatorischen und strukturellen Wandel?," Discussion Paper Series 49, Julius Maximilian University of Würzburg, Chair of Economic Order and Social Policy.

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