Profit Sharing: Does It Make a Difference? Douglas L. Kruse First Chapter | Table of Contents 289 pp. 2003 $42.00 cloth 978-0-88099-138-4 $20.00 paper 978-0-88099-137-7 Winner of the 1993 Richard A. Lester Prize as the Outstanding Book in Industrial Relations and Labor Economics, Industrial Relations Section – Princeton University Between one-sixth and one-fourth of U.S. firms and employees participate in some form of profit sharing. Kruse details the reasons profit sharing plans are implemented and the systemic factors within firms, particularly in relation to unions, that influence whether or not they are successful. Presented is evidence based on a unique database developed from 500 public U.S. firms—matched to firm performance over the period of 1979–1991—on the two central theories related to profit sharing: 1) The Productivity Theory, and 2) the Stability Theory. "Kruse has pushed the limits of what can be answered on three classical questions concerning profit sharing with data from a wide spectrum of firms. Indeed, the book in manuscript form was already heavily cited by experts in the field as the point of departure for any new research. This book should be on the bookshelf of anyone studying profit sharing. It is a well-written, inexpensive (book) that is already a classic. What more could a potential book buyer want?" –Journal of Comparative Economics |