Macroeconomic Implications of Alternative Compensation System: With Emphasis on the Profit Sharing System (Written in Korean)
From a firm's point of view, profit sharing is like paying profit taxes and then receiving subsidies whenever the firm hires additional workers. As for workers, it works differently. Workers share a part of higher gross profit in addition to base wages. Firm's gross profit is higher becaus...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Korea Development Institute
1991-10-01
|
| Series: | KDI Journal of Economic Policy |
| Online Access: | https://doi.org/10.23895/kdijep.1991.13.3.75 |