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Partage explicite ou implicite du profit dans la détermination des salaires

Listed author(s):
  • Sandeep Bhargava
  • Tim Jenkinson

[eng] Explicit Versus Implicit Profit Sharing and the Determination of Wages by Sandeep Bhargava and Tim Jenkinson This paper considers the claim that explicit profit sharing reduces the marginal cost of labour. This is contrasted with the view that implicit profit sharing occurs through wage bargaining. Using a microeconomic data set from the U.K. we find no evidence that the introduction of profit sharing reduces base wages and, hence, the marginal cost of labour. However, firm profitability is found to have a positive effect on wages, which supports the hypothesis of implicite profit sharing through wage bargaining. These findings suggest that it is hard to justify the favourable tax treatment of profit-related pay found in the U.K. [fre] Partage explicite du profit ou partage implicite du profit dans la détermination des salaires par Sandeep Bhargava et Tim Jenkinson L'objet de cet article est de s'interroger sur l'affirmation stipulant que le partage explicite du profit réduit le coût marginal du travail. Cette vue se différencie de celle qui considère que le partage implicite du profit peut résulter des négociations salariales. En utilisant des données micro-économiques sur le Royaume-Uni, nous ne trouvons pas de confirmation que l'introduction d'un mécanisme de partage du profit conduit à une baisse du salaire, et donc à une diminution du coût marginal du travail. Cependant, la profitabilité des entreprises semble avoir un effet positif sur les salaires, ce qui tendrait à confirmer l'hypothèse d'un partage implicite du profit à travers les négociations salariales. Ces résultats suggèrent qu'il y a peu de justification aux avantages fiscaux accordés au système d'intéressement des salariés au profit de l'entreprise que l'on observe au Royaume-Uni.

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Article provided by Programme National Persée in its journal Économie & prévision.

Volume (Year): 126 (1996)
Issue (Month): 5 ()
Pages: 19-29

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Handle: RePEc:prs:ecoprv:ecop_0249-4744_1996_num_126_5_5820
Note: DOI:10.3406/ecop.1996.5820
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  1. Nickell, Stephen J & Wadhwani, Sushil, 1990. "Insider Forces and Wage Determination," Economic Journal, Royal Economic Society, vol. 100(401), pages 496-509, June.
  2. Weitzman, Martin L, 1987. "Steady State Unemployment under Profit Sharing," Economic Journal, Royal Economic Society, vol. 97(385), pages 86-105, March.
  3. Wadhwani, Sushil B, 1987. "The Effects of Inflation and Real Wages on Employment," Economica, London School of Economics and Political Science, vol. 54(213), pages 21-40, February.
  4. Hoel, Michael & Moene, Karl O, 1988. " Profit Sharing, Unions and Investments," Scandinavian Journal of Economics, Wiley Blackwell, vol. 90(4), pages 493-505.
  5. Cable, John & Wilson, Nicholas, 1989. "Profit-Sharing and Productivity: An Analysis of UK Engineering Firms," Economic Journal, Royal Economic Society, vol. 99(396), pages 366-375, June.
  6. Nickell, Stephen J, 1981. "Biases in Dynamic Models with Fixed Effects," Econometrica, Econometric Society, vol. 49(6), pages 1417-1426, November.
  7. Wadhwani, Sushil & Wall, Martin, 1990. "The Effects of Profit-Sharing on Employment, Wages, Stock Returns and Productivity: Evidence from UK Micro-data," Economic Journal, Royal Economic Society, vol. 100(399), pages 1-17, March.
  8. FitzRoy, Felix R & Kraft, Kornelius, 1992. "Forms of Profit Sharing and Firm Performance: Theoretical Foundations and Empirical Problems," Kyklos, Wiley Blackwell, vol. 45(2), pages 209-225.
  9. Anderson, T. W. & Hsiao, Cheng, 1982. "Formulation and estimation of dynamic models using panel data," Journal of Econometrics, Elsevier, vol. 18(1), pages 47-82, January.
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