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Wages, Employment, and Capital in Capitalist and Worker-Owned Firms

Pencavel, John H. - 2006

Differences in wages, employment, and capital between worker-owned and capitalist enterprises are computed from a …, employment, and capital equations largely corroborate the implications of the behavioral models of the two types of enterprise …

Persistent link: https://www.econbiz.de/10012779733

Mutual Monitoring in Teams : Theory and Experimental Evidence on the Importance of Reciprocity

Carpenter, Jeffrey P. - 2006

Monitoring by peers is often an effective means of attenuating incentive problems. Most explanations of the efficacy of mutual monitoring rely either on small group size or on a version of the Folk theorem with repeated interactions which requires reasonably accurate public information...

Persistent link: https://www.econbiz.de/10012780204

Performance Pay and the Erosion of Worker Cooperation : Field Experimental Evidence

Burks, Stephen V. - 2006

We report the results of a field experiment with bicycle messengers in Switzerland and the United States. Messenger work is individualized enough that firms can choose to condition pay on it, but significant externalities in messenger behavior nonetheless give their on-the-job interactions the...

Persistent link: https://www.econbiz.de/10012780543

Does Employee Stock Ownership Work? Evidence from Publicly-Traded Firms in Japan

Kato, Takao - 2018

lead to profitability gains since wage gains from ESO plans are statistically significant yet rather modest. Our analysis …-executive employees and stock option aimed at incentivizing executives. Finally the positive effects on productivity, profitability, wages …

Persistent link: https://www.econbiz.de/10012914331

Where Does Profit Sharing Work Best? A Meta-Analysis on the Role of Unions, Culture, and Values

Doucouliagos, Hristos - 2018

In this article we re-examine the relationship between group-based profit sharing and productivity. Our meta-regression analysis of 313 estimates from 56 studies controls for publication selection and misspecification biases and investigates the impact of firm level unionisation and national...

Persistent link: https://www.econbiz.de/10012915329

Labor in the Boardroom

Jäger, Simon - 2019

reduces owners' capital investment – we find that granting formal control rights to workers raises capital formation. The … capital stock, the capital-labor ratio, and the capital share all increase. Shared governance does not raise wage premia or … effect on profitability, leverage, or costs of debt. Overall, the evidence is consistent with richer models of industrial …

Persistent link: https://www.econbiz.de/10012858488

Personal Attitudes, Job Characteristics and Health

Bellmann, Lutz - 2019

Using a new German individual data set, we investigate the influence on health with respect to personal traits measured by the Big Five, collegiality, commitment and job characteristics. Among the Big Five conscientiousness, agreeableness and emotional stability correlate positively with good...

Persistent link: https://www.econbiz.de/10012862489

Ceding Control : An Experimental Analysis of Participatory Management

Mellizo, Philip - 2017

We use an experiment to evaluate the effects of participatory management on firm performance. Participants are randomly assigned roles as managers or workers in firms that generate output via real effort. To identify the causal effect of participation on effort, workers are exogenously assigned...

Persistent link: https://www.econbiz.de/10012962270

Shirking, Standards and the Probability of Detection

Sessions, John G. - 2015

By relaxing the common efficiency wage assumption of exogenous shirking detection probabilities, we demonstrate how standards and efficiency wages are related. In a more general setting where the probability of detection depends upon the equilibrium effort level of non-shirkers, we show that the...

Persistent link: https://www.econbiz.de/10013026869

Workplace Democracy and Job Flows

Alves, Guillermo - 2014

This paper investigates the relationship between workplace democracy and job flows (net job creations, gross job creations and destructions) by comparing the behavior of worker-managed firms (WMFs) and conventional firms. The empirical analysis relies on high frequency administrative firm-level...

Persistent link: https://www.econbiz.de/10013045011