Profit-Sharing in France: A Boost for Low-Skilled Workers
A recent NBER working paper (The Effects of Mandatory Profit-Sharing on Workers and Firms: Evidence from France by Elio Nimier-David, David Sraer & David Thesmar) examines France’s mandated profit-sharing scheme. This scheme obligates large firms to share excess profits with employees. But a few questions arises: are