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Pré-Publication, Document De Travail Année : 2015

Profit-Sharing and Wages: An Empirical Analysis Using French Data Between 2000 and 2007

Résumé

Economic theory presents two main views on the effect of profit-sharing on wages. First, profitsharing may substitute for base wages and have a neutral effect on total compensation. Second, it may be interpreted as an “efficiency wage” that increases total compensation. Existing empirical literature does not allow a determination of which of these two arguments is valid. This paper attempts to tackle this issue in the case of France for the 2000-2007 period. Based on a differencein-differences selection model, our results suggest that profit-sharing has a neutral effect on total compensation. Several years after its implementation within firms, profit-sharing lowers base wages, which are offset by profit-sharing bonuses.

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Dates et versions

halshs-01143491 , version 1 (17-04-2015)

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  • HAL Id : halshs-01143491 , version 1

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Noélie Delahaie, Richard Duhautois. Profit-Sharing and Wages: An Empirical Analysis Using French Data Between 2000 and 2007. 2015. ⟨halshs-01143491⟩
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