Shared Capitalism at Work
Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options
1st Edition
Published on 15. June 2010
433 pages
978-0-226-05696-8 (ISBN)
Description
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.
More details
Other editions
Additional editions
Douglas L. Kruse | Richard B. Freeman | Joseph R. Blasi
Shared Capitalism at Work
Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options
Book
05/2011
University of Chicago Press
€49.60
Shipment within 10-20 days
Douglas L. Kruse | Richard B. Freeman | Joseph R. Blasi
Shared Capitalism at Work
Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options
Book
05/2010
University of Chicago Press
€131.44
Shipment within 10-20 days
Content
- Intro
- Contents
- Acknowledgments
- Introduction / Richard B. Freeman, Joseph R. Blasi, and Douglas L. Kruse
- I. The Extent and Operation of Shared Capitalism
- 1. Shared Capitalism in the U.S. Economy: Prevalence, Characteristics, and Employee Views of Financial Participation in Enterprises / Douglas L. Kruse, Joseph R. Blasi, and Rhokeun Park
- 2. Worker Responses to Shirking under Shared Capitalism / Richard B. Freeman, Douglas L. Kruse, and Joseph R. Blasi
- 3. Risk and Lack of Diversification under Employee Ownership and Shared Capitalism / Joseph R. Blasi, Douglas L. Kruse, and Harry M. Markowitz
- II. Firm Performance
- 4. Creating a Bigger Pie? The Effects of Employee Ownership, Profit Sharing, and Stock Options on Workplace Performance / Joseph R. Blasi, Richard B. Freeman, Christopher Mackin, and Douglas L. Kruse
- 5. Complementarity of Shared Compensation and Decision-Making Systems: Evidence from the American Labor Market / Arindrajit Dube and Richard B. Freeman
- 6. How Does Shared Capitalism Affect Economic Performance in the United Kingdom? / Alex Bryson and Richard B. Freeman
- 7. Who Has a Better Idea? Innovation, Shared Capitalism, and Human Resources Policies / Erika E. Harden, Douglas L. Kruse, and Joseph R. Blasi
- III. Worker Well-Being
- 8. Do Workers Gain by Sharing? Employee Outcomes under Employee Ownership, Profit Sharing, and Broad-Based Stock Options / Douglas L. Kruse, Richard B. Freeman, and Joseph R. Blasi
- 9. Does Employee Ignorance Undermine Shared Capitalism? / John W. Budd
- 10. Who Benefits from Shared Capitalism? The Social Stratification of Wealth and Power in Companies with Employee Ownership / Edward J. Carberry
- 11. Show Me the Money: Does Shared Capitalism Share the Wealth? / Robert Buchele, Douglas L. Kruse, Loren Rodgers, and Adria Scharf
- Epilogue (and Prologue) / Joseph R. Blasi, Douglas L. Kruse, and Richard B. Freeman
- Appendix A: Variable Definitions and Descriptive Statistics (All Chapters)
- Appendix B: The Shared Capitalist Thermometer Index
- Contributors
- Author Index
- Subject Index
