Pencavel, John H.; Pistaferri, Luigi; Schivardi, Fabiano - 2006
Differences in wages, employment, and capital between worker-owned and capitalist enterprises are computed from a …. Co-op wages are about 14 percent lower on average and they are more volatile (and employment less volatile) than those in …, employment, and capital equations largely corroborate the implications of the behavioral models of the two types of enterprise …