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https://ah.lib.nccu.edu.tw/handle/140.119/22326
題名: | Profit sharing, worker effort, and double-sided moral hazard in an efficiency wage model | 作者: | Juin-jen Chang;Ching-chong Lai;林忠正 | 關鍵詞: | Profit sharing;Double moral hazard;Efficiency wages | 日期: | Mar-2003 | 上傳時間: | 6-Jan-2009 | 摘要: | This paper develops a double-sided moral hazard model to examine the productivity and employment effects of an intensifying profit-sharing scheme. We show that, in order to obtain the productivity-enhancing and employment-expanding effects, a profit-sharing scheme needs a supportive element of true sharing by the employer. If a double moral hazard exists for the worker`s effort and the firm`s declaration of true profits, a sharing scheme involving larger profit-related pay is not necessarily an effective policy for boosting work morale and employment. However, if the firm-side moral hazard problem is absent, the favorable effects of profit sharing are achieved. | 關聯: | Journal of Comparative Economics,31(1),75-93 | 資料類型: | article |
Appears in Collections: | 期刊論文 |
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