search query: @author Estrin, S. / total: 12
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| Author: | Bradley, K. Estrin, S. |
| Title: | Profit sharing in the British retail trade sector: the relative performance of the John Lewis Partnership ! John Lewis Partnership |
| Journal: | Journal of Industrial Economics
1992 : SEP, VOL. 40:3, p.291-304 |
| Index terms: | PROFIT SHARING RETAILING UNITED KINGDOM COMPANY PERFORMANCE INCOMES LABOUR MARKETS |
| Language: | eng |
| Abstract: | The effects of profit sharing on wages and employment are investigated by comparing the labour market behaviour of the John Lewis Partnership with that of four main competitors. The John Lewis Partnership employs around 30 000 workers, who since 1970 have been paid between 13 and 24 per cent of workers' income in the form of a profit-related bonus. The empirical work suggests that profit-sharing in the John Lewis Partnership may be associated with greater levels of employment but does not significantly affect the level of remuneration. These findings suggest that pay in the retail sector is not primarily determined by the economic performance of specific firms or of the sectors as a whole. Rather, it is set by broader labour market considerations. |
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