Efficiency Aspects of Profit‐Sharing Systems versus Wage Systems Journal Article uri icon

Overview

abstract

  • AbstractSome theoretical and practical bases for choosing between wage and profit‐sharing reward structures are considered. The analysis suggests that simple wage systems have theoretical advantages over simple profit‐sharing systems with regard to the optimal provision of labor effort. The opposite conclusion occurs with regard to the optimal use of capital. Furthermore, simple profit‐sharing systems are better able to deal with certain practical problems that arise in large‐scale agricultural production. Finally, a complex type of profit sharing exists which has the same theoretical advantages as the wage system plus practical advantages as well.

publication date

  • November 1, 1975

has restriction

  • closed

Date in CU Experts

  • July 10, 2014 5:24 AM

Full Author List

  • Markusen JR

author count

  • 1

Other Profiles

International Standard Serial Number (ISSN)

  • 0002-9092

Electronic International Standard Serial Number (EISSN)

  • 1467-8276

Additional Document Info

start page

  • 601

end page

  • 612

volume

  • 57

issue

  • 4