Profit-Sharing, Employment Stability, and Wage Growth
Bibliographic Data
| ID | 3296865 |
|---|---|
| Authors | Omar Azfar (International Monetary Fund, corresponding author), Stephan Danninger (0000-0001-9149-2618, International Monetary Fund, corresponding author) |
| Year | 2001 |
| Volume | 54 |
| Issue | 3 |
| Pages | 619-630 |
| Publication date | 2001-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Industrial and Labor Relations Review (JOURNAL) |
| Journal identifiers | ISSN: 0019-7939 • E-ISSN: 2162-271X |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/001979390105400305 |
| OpenAlex | W2076416854 |
| Language | EN |
| Citations received | 13 |
| References cited | 15 |
The authors conjecture that profit-sharing reduces turnover and thus increases expected returns to firm-specific human capital investments, so that the optimal levels of skill acquisition and investment in firm-specific skills rise and ultimately increase productivity. Empirical evidence from NLSY data on white men in nonunion jobs between 1988 and 1994 supports this hypothesis. Employees participating in profit-sharing plans were less likely than non-participants to separate from their jobs. They also received training more frequently and for longer durations. Finally, the authors show that profit-sharing was related to higher wage growth, indicating a faster rate of skill accumulation
Economics · Human capital · Labour economics · Microeconomics · Productivity · Profit (economics) · Profit sharing · Wage · Wage growth · Corporate Finance and Governance · Entrepreneurship Studies and Influences · Finance · Firm Innovation and Growth · Labor market dynamics and wage inequality
Unions, Worker Voice, and Management Practices
Performance pay and job quits
Employee Ownership
Profit Sharing, Teams, and Earnings
The Employment of Temporary Agency Workers in the UK
Participação dos trabalhadores nos lucros e resultados das empresas
Changing employment relations under a fractured corporate elite
Complementarities between Employee Involvement and Financial Participation
The Influence of Human Resource Management Practices on Employee Voluntary Turnover Rates in the Canadian Non Governmental Sector
Investigating the Cause of Death
Specific Capital, Mobility, and Wages
Family Investments in Human Capital
Peer Pressure and Partnerships
Lump-sum Payments and Profit-sharing Plans in the Union Sector of the United States Economy
The Effects of Profit-Sharing on Employment, Wages, Stock Returns and Productivity
The Effects of Job Turnover on the Training of Men and Women
Firms' Choice of Method of Pay
| Unique citing works | 10 |
|---|---|
| Citations per year | 0,65 |
| Citation span | 2006 - 2026 (21) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 12 |