Mandatory profit sharing, entrepreneurial incentives and capital accumulation
| Autor: | Cardoso, Renato Fragelli |
|---|---|
| Přispěvatelé: | Escolas::EPGE, FGV |
| Jazyk: | angličtina |
| Rok vydání: | 1997 |
| Předmět: |
Participação no lucro da empresa - Modelos econômicos
ComputingMilieux_GENERAL Emprego (Teoria econômica) - Modelos econômicos Profit sharing Capital accumulation Participação no lucro da empresa - Modelos matemáticos Incentives Factor substitution Economia Emprego (Teoria econômica) - Modelos matemáticos |
| Zdroj: | Repositório Institucional do FGV (FGV Repositório Digital) Fundação Getulio Vargas (FGV) instacron:FGV |
| Popis: | The impact of a mandatory tax on profits which is transferred to workers is analyzed in a general equilibrium entrepreneurial model. In the short run, this distortion reduces the number of firms and the aggregate output. In the long run, if capital and labor are bad substitutes, it fosters capital accumulation and increases the aggregate output. In a small open economy with free movement of capital, it improves the welfare of the economy's average individual. One concludes that the benefits of sharing schemes may go beyond the short run employment-stabilization goal focused by the profit sharing literature. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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