Details
| Original language | English |
|---|---|
| Pages (from-to) | 357-380 |
| Number of pages | 24 |
| Journal | Empirical economics |
| Volume | 18 |
| Issue number | 2 |
| Publication status | Published - Jun 1993 |
Abstract
The theoretical status of the relationship between productivity, wages, and profit sharing (PS) is poor. Only some alternative hypotheses can be formulated. From these explanations six different econometric models are derived. Using data of the German Socio-Economic Panel the models are estimated and tests and indicators are employed to choose the best model. Our investigation speaks in favour of hybrid simultaneous Tobit models where the level of profit sharing is positively correlated with productivity which induces positive wage effects on the one hand. But on the other hand the level of wages is also relevant to the question whether a firm introduces or decides to continue PS and which amount of PS should be paid.
Keywords
- C34, C35, J33
ASJC Scopus subject areas
- Mathematics(all)
- Statistics and Probability
- Mathematics(all)
- Mathematics (miscellaneous)
- Social Sciences(all)
- Social Sciences (miscellaneous)
- Economics, Econometrics and Finance(all)
- Economics and Econometrics
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In: Empirical economics, Vol. 18, No. 2, 06.1993, p. 357-380.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Productivity, earnings, and profit sharing
T2 - An econometric analysis of alternative models
AU - Hübler, Olaf
PY - 1993/6
Y1 - 1993/6
N2 - The theoretical status of the relationship between productivity, wages, and profit sharing (PS) is poor. Only some alternative hypotheses can be formulated. From these explanations six different econometric models are derived. Using data of the German Socio-Economic Panel the models are estimated and tests and indicators are employed to choose the best model. Our investigation speaks in favour of hybrid simultaneous Tobit models where the level of profit sharing is positively correlated with productivity which induces positive wage effects on the one hand. But on the other hand the level of wages is also relevant to the question whether a firm introduces or decides to continue PS and which amount of PS should be paid.
AB - The theoretical status of the relationship between productivity, wages, and profit sharing (PS) is poor. Only some alternative hypotheses can be formulated. From these explanations six different econometric models are derived. Using data of the German Socio-Economic Panel the models are estimated and tests and indicators are employed to choose the best model. Our investigation speaks in favour of hybrid simultaneous Tobit models where the level of profit sharing is positively correlated with productivity which induces positive wage effects on the one hand. But on the other hand the level of wages is also relevant to the question whether a firm introduces or decides to continue PS and which amount of PS should be paid.
KW - C34
KW - C35
KW - J33
UR - http://www.scopus.com/inward/record.url?scp=0039414788&partnerID=8YFLogxK
U2 - 10.1007/BF01205408
DO - 10.1007/BF01205408
M3 - Article
AN - SCOPUS:0039414788
VL - 18
SP - 357
EP - 380
JO - Empirical economics
JF - Empirical economics
SN - 0377-7332
IS - 2
ER -