Profit Sharing, Labour Share and Financial Instability

Material type: 文書・図像類

Author: Ninomiya, Kenshiroほか

Publisher: Center for Risk Research (CRR), Shiga University

Publication date: 2012-03

Material Format: Paper

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Note (General)：: type:Technical ReportIn this paper, we study the effects of the Profit-Sharing rule on an oligopolistic economy. Many believed that the Japanese econo...

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Paper
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Paper

Material Type: 文書・図像類
Title: Profit Sharing, Labour Share and Financial Instability
Author/Editor: Ninomiya, Kenshiro
Takami, Hiroyuki
Author Heading: Ninomiya, Kenshiro
Takami, Hiroyuki
Publication, Distribution, etc.: Center for Risk Research (CRR), Shiga University
Publication Date: 2012-03
Publication Date (W3CDTF): 2012-03
Periodical title: CRR Discussion Paper, Series B
No. or year of volume/issue: No. B-5
Volume: No. B-5
Pages: 1-27
Text Language Code: eng
Subject Heading: Financial instability
Profit-Sharing rule
Labour share
Wage- and profit-led regimes
Bargaining power of unions
Target Audience: 一般
Note (General): type:Technical Report
In this paper, we study the effects of the Profit-Sharing rule on an oligopolistic economy. Many believed that the Japanese economy was strong because Japan adopted the Profit-Sharing rule (or the Japanese management system) in the 1980s. However, Japan was trapped in a prolonged recession after the collapse of the bubble economy in the 1990s. The Japanese management system and its regulated financial system have come under criticism as factors of the crisis. We derive a condition that a firm and its union adopt the Profit-Sharing rule voluntarily and construct a macrodynamic model of financial instability. We demonstrate in this study that the Profit-Sharing rule in Japan further stabilises the economy when the financial structure of the economy is already stable.
identifier:CRR Discussion Paper, Series B, No. B-5, pp. 1-27
Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）
https://irdb.nii.ac.jp
Original Data Provider (Database): 滋賀大学 : 滋賀大学学術情報リポジトリ