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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 2003-03
上傳時間 6-Jan-2009 15:24:16 (UTC+8)
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
dc.creator (作者) Juin-jen Chang;Ching-chong Lai;林忠正en_US
dc.date (日期) 2003-03en_US
dc.date.accessioned 6-Jan-2009 15:24:16 (UTC+8)-
dc.date.available 6-Jan-2009 15:24:16 (UTC+8)-
dc.date.issued (上傳時間) 6-Jan-2009 15:24:16 (UTC+8)-
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/22326-
dc.description.abstract (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.-
dc.format application/en_US
dc.language enen_US
dc.language en-USen_US
dc.language.iso en_US-
dc.relation (關聯) Journal of Comparative Economics,31(1),75-93en_US
dc.subject (關鍵詞) Profit sharing;Double moral hazard;Efficiency wages-
dc.title (題名) Profit sharing, worker effort, and double-sided moral hazard in an efficiency wage modelen_US
dc.type (資料類型) articleen