Risk Sharing and Layoff Risk in Profit Sharing |
Common terms and phrases
1995 Risk Sharing 9507 September ag/aw angle of profit Aoki Aoki's attraction of profit basic wage Discussion Paper distribution of value-added dominance of B(s employer risk aversion employer strictly prefers entry point wage Fabella University feature of profit gross profit guarantees Pareto dominance layoff risk layoff will occur Lemma less risk averse macroeconomic outcomes maximized organizational value-added PF(C Philippines School Pohjola point wage offers probability of layoff profit sharing contract profit sharing structure profit-related pay Proposition pure risk sharing risk averse employer Risk in Profit risk neutral employer risk sharing advantage risk sharing angle risk sharing feature risk sharing value-added risk-averse than workers risk-neutral S[PF School of Economics sense of pure September 1995 Risk Sharing and Layoff Sharing by Raul spot contract spot wage contract strictly collectively dominates strictly Pareto dominates strictly prefer B(s U₁ utility function V₁ Weitzman