Nimier-David, Elio; Sraer, David; Thesmar, David - National Bureau of Economic Research - 2023
effects of mandated profit-sharing on firms and their employees. The cost of mandated profit-sharing for firms is evident in …-reform. Using a difference-in-difference strategy, we find that, at the firm-level, mandated profit-sharing (a) increases labor … nor productivity. At the employee level, mandated profit-sharing increases low-skill workers' total compensation and …