Share-Based Schemes, Efficiency Wages and Economic Growth

分紅制度、效率工資與經濟成長

10.6277/ter.2012.403.3

劉嘉瀅(Chia-Ying Liu)

收益分紅 ； 效率工資 ； 資本使用 ； 經濟成長 ； Revenue sharing ； efficiency wages ； capital utilization ； economic growth

經濟論文叢刊

40卷3期（2012 / 09 / 01）

369 - 388

英文

本文建立一個考慮收益分紅工資制度，與勞動生產力及資本使用的內生成長模型。在不具任何生產的外部性之下，若將收益分紅視為一效率工資，此種制度將可提高勞動生產力，並進一步成為經濟成長的動力。然而，越積極的分紅工資制度並不必然能增進就業、資本使用或經濟成長。本研究也顯示，資本使用與經濟成長存在一正向關係，而就業與資本使用及經濟成長則是基於不同的衝擊，可能呈現順循環或反循環。

This study establishes an endogenous growth model characterized by a revenue sharing scheme and two variable factor utilizations, namely, labor productivity and the capital utilization rate. The results indicate that if revenue sharing acts as an efficiency wage, performance pay seeking can be a driving force behind labor productivity and in turn economic growth without any factor externalities. However, a more intensive sharing scheme may not necessarily increase employment, capital utilization, or economic growth. The current analysis also shows that capital utilization and economic growth always exhibit a positive relationship with each other, whereas employment may be either pro-cyclical or countercyclical in relation to capital utilization and balanced growth rates, which crucially depend on different shocks.

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