@TechReport{iza:izadps:dp5798,
            	author={Koskela, Erkki and König, Jan},
            	title={The Role of Profit Sharing in Dual Labour Markets with Flexible Outsourcing},
            	year={2011},
	month={Jun},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={5798},
            	url={https://www.iza.org/publications/dp5798},
	abstract={We combine profit sharing for high-skilled workers and outsourcing of low-skilled tasks in partly imperfect dual domestic labour markets, when the wage rate for low-skilled worker is set by a labor union, to analyze how the implementation of profit sharing influence flexible outsourcing and low-skilled labour market outcome. Profit sharing has a positive effect on the low-skilled wage and thus an outsourcing enhancing character. Profit sharing for high-skilled workers increases the low-skilled wage and helps to decrease the wage dispersion. Concerning the employment effects there is an employment reducing effect due to higher low-skilled wage, which can be offset by the employment increasing effect of higher effort of the high-skilled worker. Therefore, the employment effects of profit sharing are ambiguous.},
	keywords={dual labour market;profit sharing;flexible outsourcing;employee effort},
            }