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Firm Productivity
Profit-Sharing, Business Dynamics, and Employee Compensation
In the ever-evolving landscape of global economics, the concept of wealth distribution has taken center stage. One policy that has garnered attention is profit-sharing, especially in its mandatory form. The research paper titled “The Effects of Mandatory Profit-Sharing on Workers and Firms: Evidence from France” by Elio Nimier-David, David Sraer, and David Thesmar offers a deep dive into this subject. Let’s unpack their findings. Historical Background of Profit-Sharing in