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Article: Profit sharing and public policy.
- Article from:
- Journal of Economic Issues
- Article date:
- June 1, 1994
- Author:
CopyrightCOPYRIGHT 1994 Association for Evolutionary Economics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The structure of American workplaces, and the relation of this structure to economic performance, has received increased attention from researchers and policymakers [e.g., Reich 1993; U.S. Department of Labor 1993]. In contrast to the prediction that firms in competitive markets will have a homogeneous set of efficient policies, a number of studies have discovered substantial variation in human resource and compensation policies, with strong links to workplace performance [Ichniowski 1990, 1992; Huselid 1993; Kruse 1993; Blasi et al. 1993; U.S. Department of Labor 1993]. Such findings raise the issue of whether there is a role for public policy in fostering more productive ...