Shared capitalism at work : employee ownership, profit and gain sharing, and broad-based stock options / edited by Douglas L. Kruse, Richard B. Freeman, and Joseph R. Blasi.

Format:

Book

Contributor:

Kruse, Douglas.

Freeman, Richard B. (Richard Barry), 1943-

Blasi, Joseph R.

National Bureau of Economic Research.

Series:

National Bureau of Economic Research conference report.

National Bureau of Economic Research conference report

Language:

English

Subjects (All):

Employee ownership--Congresses.

Employee ownership.

Employee stock options--Congresses.

Employee stock options.

Management--Employee participation--Congresses.

Management.

Physical Description:

1 online resource (433 p.)

Place of Publication:

Chicago ; London : University of Chicago Press, 2010.

Language Note:

English

Summary:

The historical relationship between capital and labor has evolved in the past few decades. One particularly noteworthy development is the rise of shared capitalism, a system in which workers have become partial owners of their firms and thus, in effect, both employees and stockholders. Profit sharing arrangements and gain-sharing bonuses, which tie compensation directly to a firm's performance, also reflect this new attitude toward labor. Shared Capitalism at Work analyzes the effects of this trend on workers and firms. The contributors focus on four main areas: the fraction of firms that participate in shared capitalism programs in the United States and abroad, the factors that enable these firms to overcome classic free rider and risk problems, the effect of shared capitalism on firm performance, and the impact of shared capitalism on worker well-being. This volume provides essential studies for understanding the increasingly important role of shared capitalism in the modern workplace.

Contents:

Frontmatter

Contents

Acknowledgments

Introduction

1. Shared Capitalism in the U.S. Economy: Prevalence, Characteristics, and Employee Views of Financial Participation in Enterprises

2. Worker Responses to Shirking under Shared Capitalism

3. Risk and Lack of Diversifi cation under Employee Ownership and Shared Capitalism

4. Creating a Bigger Pie? The Effects of Employee Ownership, Profi t Sharing, and Stock Options on Workplace Performance

5. Complementarity of Shared Compensation and Decision- Making Systems: Evidence from the American Labor Market

6. How Does Shared Capitalism Affect Economic Performance in the United Kingdom?

7. Who Has a Better Idea? Innovation, Shared Capitalism, and Human Resources Policies

8. Do Workers Gain by Sharing? Employee Outcomes under Employee Ownership, Profi t Sharing, and Broad- Based Stock Options

9. Does Employee Ignorance Undermine Shared Capitalism?

10. Who Benefits from Shared Capitalism? The Social Stratification of Wealth and Power in Companies with Employee Ownership

11. Show Me the Money: Does Shared Capitalism Share the Wealth?

Epilogue (and Prologue)

Appendix A: Variable Defi nitions and Descriptive Statistics (All Chapters)

Appendix B: The Shared Capitalist Thermometer Index

Contributors

Author Index

Subject Index

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 24. Apr 2020)

ISBN:

9786612646232

9781282646230

1282646230

9780226056968

0226056961

OCLC:

646067986