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| Author: | Cable, J. Wilson, N. |
| Title: | Profit-sharing and productivity: an analysis of U.K. engineering firms. |
| Journal: | Economic Journal
1989 : JUN, VOL. 99:396, p. 366-375 |
| Index terms: | PROFIT SHARING PRODUCTIVITY ENGINEERING INDUSTRY UNITED KINGDOM MICROECONOMICS |
| Language: | eng |
| Abstract: | Some macroeconomic considerations about profit-sharing are criticized. It is emphasized that microeconomic aspects - concerning the effects on worker attitudes and incentives, productivity and financial performance - are equally important for public policy and practitioners. Production-function estimates of the profit-sharing/productivity relationship are presented. In contrast to previous work, it is allowed that profit-sharing influences the parameters of production function. A general-to-specific modelling sequence is followed, which encompasses the methodology of previous studies as a special case. A detailed analysis of the results are provided. Some policy implications are highlighted. |
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