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    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/22326

    Title: Profit sharing, worker effort, and double-sided moral hazard in an efficiency wage model
    Authors: Juin-jen Chang;Ching-chong Lai;林忠正
    Keywords: Profit sharing;Double moral hazard;Efficiency wages
    Date: 2003-03
    Issue Date: 2009-01-06 15:24:16 (UTC+8)
    Abstract: 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.
    Relation: Journal of Comparative Economics,31(1),75-93
    Data Type: article
    Appears in Collections:[財政學系] 期刊論文

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