Recently accepted by #QJE: “The Effects of Mandatory Profit-Sharing on Workers and Firms: Evidence from France,” by Nimier-David (@elionimier.bsky.social), Sraer, and Thesmar: doi.org/10.1093/qje/...
doi.org
Abstract. Since 1967, all French firms with more than 100 employees have been required to share a fraction of their excess profits with their employees. Th