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Towards economic democracy and social justice : profit sharing, co-determination, and employee ownership

FitzRoy, Felix R.; Nolan, Michael A. - 2020

Modern economies deprive workers of natural democratic rights and any share of the surplus they produce, with most of the benefits of growth appropriated by capital owners. Worker wellbeing and job satisfaction are ignored unless they contribute directly to profitability, while precarious...

Persistent link: https://www.econbiz.de/10012213762

The productivity effects of profit sharing, employee ownership, stock option and team incentive plans : evidence from korean panel data

Kato, Takao; Lee, Ju-ho; Ryu, Jang-soo - 2010

We report the first results for Korean firms on the incidence, diffusion, scope and effects of diverse employee financial participation schemes, such as Profit Sharing Plans (PSPs), Employee Stock Ownership Plans (ESOPs), Stock Option Plans (SOPs) and Team Incentive Plans (TIPs). In do doing, we...

Persistent link: https://www.econbiz.de/10008796746

Employee stock purchase plans : gift or incentive? ; evidence from a multinational corporation

Bryson, Alex; Freeman, Richard B. - 2014

Many large listed firms offer workers the opportunity to buy shares in the firm at discounted rates through employee stock purchase plans (ESPP). The discounted rate creates a gift exchange, where the firm hopes that workers who accept the gift reciprocate with greater loyalty and effort. But...

Persistent link: https://www.econbiz.de/10010414209

Apprenticeship, vocational training and early labor market outcomes in East and West Germany

Riphahn, Regina T.; Zibrowius, Michael - 2015

We study the returns to apprenticeship and vocational training for three early labor market outcomes all measured at age 25 for East and West German youths: non-employment (i.e., unemployment or out of the labor force), permanent fulltime employment, and wages. We find strong positive effects of...

Persistent link: https://www.econbiz.de/10010497508

Job creation schemes in turbulent times

Bergemann, Annette; Pohlan, Laura; Uhlendorff, Arne - 2016

This paper analyzes the impact of job creation schemes (JCS) on job search outcomes in the context of the turbulent East German labor market in the aftermath of the German reunification. High job destruction characterized the economic environment. JCS were heavily used in order to cushion this...

Persistent link: https://www.econbiz.de/10011581656

The separation and reunification of Germany : rethinking a natural experiment interpretation of the enduring effects of communism

Becker, Sascha O.; Mergele, Lukas; Woessmann, Ludger - 2020

German separation in 1949 into a communist East and a capitalist West and their reunification in 1990 are commonly described as a natural experiment to study the enduring effects of communism. We show in three steps that the populations in East and West Germany were far from being randomly...

Persistent link: https://www.econbiz.de/10012182599

The determinants of asset stripping : theory and evidence from the transition economies

Campos, Nauro (contributor); … - 2005

During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of the stock of socialist physical capital. Despite the obvious importance of this phenomenon, there have been no efforts to model, measure and investigate this process...

Persistent link: https://www.econbiz.de/10003299971

Asset stripping, rule of law and firm survival : the Hoff-Stiglitz model and mass privatization in Montenegro

Koman, Matjaž; Lakičević, Milan; Prašnikar, Janez; … - 2013

-oriented issue of why a large number of efficient firms disappeared during mass privatization in a booming economy of Montenegro …. Econometrically, we present the first study to look at firms that disappeared during a mass privatization transition, improving upon … remaining in samples when estimating the effects of privatization or other ownership changes. We also show that one needs to …

Persistent link: https://www.econbiz.de/10010226663

How transition paths differ : enterprise performance in Russia and China

Bhaumik, Sumon Kumar (contributor); Estrin, Saul (contributor) - 2005

We use enterprise data to analyse and contrast the determinants of enterprise performance in China and Russia. We find that in China, enterprise growth and efficiency is associated with rapid increases in factor inputs, but not correlated with ownership or institutional factors. However, in...

Persistent link: https://www.econbiz.de/10002603928

The distribution of wages in Poland, 1992 - 2002

Newell, Andrew (contributor); … - 2005

This paper analyses the changes in the size distribution of wages in Poland over a decade of transition. Until about 1998 there were some forces tending to increase wage inequality and other forces contracting it. The result was a relatively constant level of inequality. Privatisation was the...

Persistent link: https://www.econbiz.de/10002615662

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