Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options...

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Douglas L. Kruse Richard B. Freeman

Shared Capitalism at Work

Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options

Douglas L. Kruse, Richard B. Freeman, Joseph R. Blasi

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English

University of Chicago Press
01 May 2011

Economic systems & structures; Employee-ownership & co-operatives

Series: (NBER) National Bureau of Economic Research Conference Reports

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.

Edited by: Douglas L. Kruse, Richard B. Freeman, Joseph R. Blasi
Imprint: University of Chicago Press
Country of Publication: United States
Dimensions: Height: 23mm, Width: 16mm, Spine: 3mm
Weight: 652g
ISBN: 9780226456676
ISBN 10: 0226456676
Series: (NBER) National Bureau of Economic Research Conference Reports
Pages: 432
Publication Date: 01 May 2011
Audience: College/higher education , Professional and scholarly , Further / Higher Education , Undergraduate
Format: Paperback
Publisher's Status: Active

Douglas L. Kruse is professor in the School of Management and Labor Relations at Rutgers University and a research associate of the National Bureau of Economic Research. Richard B. Freeman holds the Herbert Ascherman Chair in Economics at Harvard University and is a research associate of the NBER. He is the former director of the NBER Labor Studies program. Joseph R. Blasi holds the J. Robert Beyster Chair in the School of Management and Labor Relations at Rutgers University and is a research associate of the NBER.