Profit sharing can lead to higher productivity and thus to higher firm profitability and employee wages. It may also enhance employment stability by enabling firms to adjust wages during downturns rather than lay off workers. While adoption of profit sharing increases earnings fluctuations, it...

Profit sharing can lead to higher productivity and thus to higher firm profitability and employee wages. It may also enhance employment stability by enabling firms to adjust wages during downturns rather than lay off workers. While adoption of profit sharing increases earnings fluctuations, it...

Germany and the USA have very different systems of legal representation and rights at work, but these differences and their effects may have lessened. We draw on a large-scale telephone survey to explore worker perceptions of these systems, and find that perceptions of German workers are more...