Chaptergreen2008

Do Workers Gain by Sharing? Employee Outcomes under Employee Ownership, Profit Sharing, and Broad-Based Stock Options

Douglas Lynn Kruse · Richard Barry Freeman · Joseph Raphael Blasi

108 citations0/0 files storedUniversity of Chicago Press eBooks

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Cooperative Studies and Economics Labor Movements and Unions Job Satisfaction and Organizational Behavior

Abstract

This paper examines how shared capitalism compensation systems -those that link employee pay to company performance -affect diverse employee outcomes.It uses two data sets: the national GSS survey that provides a broad representative view of the extent of the programs; and the NBER Shared Capitalism Project surveys of workers in 14 companies that use shared capitalism programs extensively.We find that greater involvement in the programs is generally linked to greater participation in decisions, higher quality supervision and treatment of employees, more training, higher pay and benefits, greater job security, and higher job satisfaction.We also find positive interactions of shared capitalism with high-performance policies in predicting participation in decisions and overall job satisfaction, and negative interactions of shared capitalism with close supervision in affecting almost all of the outcomes.Overall the results support the idea that workers can gain by sharing, but whether this happens is contingent on other workplace policies.

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References

1982Labor Contracts as Partial Gift Exchange 1996What Works at Work: Overview and Assessment 1984The Share Economy 1981Conventional vs. Worker-Owned Organizations 1992The Behavior of Worker Cooperatives: The Plywood Companies of the Pacific Northwest 1998The Perception and Effects of Share Ownership: Empirical Evidence from Employee Buy‐Outs 2003External Churning and Internal Flexibility: Evidence on the Functional Flexibility and Core‐Periphery Hypotheses 1991The Impact on Absenteeism and Quits of Profit-Sharing and Other Forms of Employee Participation

Cited by

2008Shared Capitalism in the U.S. Economy? Prevalence, Characteristics, and Employee Views of Financial Participation in Enterprises 2012Do Employees Profit from Profit Sharing? Evidence from Canadian Panel Data 2014Efficiency in Employee-Owned Enterprises 2017How Did Employee Ownership Firms Weather the Last Two Recessions? Employee Ownership, Employment Stability, and Firm Survival: 1999-2011 2017Do Employee‐Owned Firms Produce More Positive Employee Behavioural Outcomes? If Not Why Not? A British‐Spanish Comparative Analysis

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