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Kremer, Michael - 2021

distorts incentives. I assume that employment contracts are incomplete. In the model cooperative members pay in a capital … function of output. If the median member has less than average ability, the cooperative will vote for a redistributive schedule …, cooperative members will be reluctant to leave, since this entails forfeiting the dividends on their capital contribution. The …

Persistent link: https://www.econbiz.de/10013212352

Tax Law Changes, Income Shifting and Measured Wage Inequality : Evidence from India

Sivadasan, Jagadeesh - 2006

We use a large dataset covering all registered plants in the manufacturing sector in India over the period 1986 to 1995 to examine the effects of a 1992 income tax law change that eliminated the double taxation of wages paid to partners in partnership firms. This tax law change provides a unique...

Persistent link: https://www.econbiz.de/10012780119

To Join or Not to Join? Factors Influencing Employee Share Plan Membership in a Multinational Corporation

Bryson, Alex - 2010

Many firms encourage employees to own company stock through share plans that subsidize the price at favorable rates, but even so many employees do not buy shares. Using a new survey of employees in a multinational with a share ownership plan, we find considerable variation in joining among...

Persistent link: https://www.econbiz.de/10013139127

Client-Based Entrepreneurship

Rauch, James E. - 2014

Client relationships create value, which employees may try to wrest from their employers by setting up their own firms. If when an employer and worker establish a relationship they cannot contract on the output and profits of the worker's prospective new firm, the employer counters by inducing...

Persistent link: https://www.econbiz.de/10013069964

Relational Investing : The Worker's Perspective

Lazear, Edward P. - 2008

Workers who hold a firm's stock make decisions other than those that pure capital owners would make, but there exist institutions and compensation packages that will generally lead workers to favor efficient firm decisions. Workers care about their firm-specific rents and may seek shares in...

Persistent link: https://www.econbiz.de/10012774982

401(K) Matching Contributions in Company Stock : Costs and Benefits for Firms and Workers

Brown, Jeffrey R. - 2004

This paper examines why some employers provide matching contributions to 401(k) plans in company stock and explores the implications of match policy for employee retirement wealth. Unlike stock option grants to non-executives, a firm's decision to match in company stock does not appear to be...

Persistent link: https://www.econbiz.de/10012785747

Learning from Coworkers : Peer Effects on Individual Investment Decisions

Ouimet, Paige - 2017

We use unique data on employee decisions in the employee stock purchase plans (ESPPs) of U.S. public firms to measure the influence of networks on investment decisions. Comparing only employees within a firm during the same election window and controlling for a metro area fixed effect, we find...

Persistent link: https://www.econbiz.de/10012942702

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

Kruse, Douglas L. - 2010

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...

Persistent link: https://www.econbiz.de/10012758505

Creating a Bigger Pie? the Effects of Employee Ownership, Profit Sharing, and Stock Options on Workplace Performance

Blasi, Joseph - 2010

This paper uses data from NBER surveys of over 40,000 employees in hundreds of facilities in 14 firms and from employees on the 2002 and 2006 General Social Surveys to explore how shared compensation affects turnover, absenteeism, loyalty, worker effort, and other outcomes affecting workplace...

Persistent link: https://www.econbiz.de/10012758506

The Value of Stock Options to Non-Executive Employees

Hallock, Kevin F. - 2010

This study empirically investigates the value employees place on stock options using information from the option exercise behavior of individuals. Employees hold options for another period if the value from holding them and reserving the right to exercise them later is higher than the value of...

Persistent link: https://www.econbiz.de/10012761772