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Kremer, Michael - 1997

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/10012472696

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/10012466428

Selling Company Shares to Reluctant Employees : France Telecom's Experience

Degeorge, Francois - 2000

In 1997, France T‚l‚com, the state-owned French telephone company, went through a partial privatization. The government offered current and prior France T‚l‚com employees the opportunity to buy portfolios of shares with various combinations of discounts, required holding periods,...

Persistent link: https://www.econbiz.de/10012471078

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/10012462365

Client-Based Entrepreneurship

Rauch, James E. - 2010

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/10012462718

Credit within the firm

Pistaferri, Luigi - 2010

We exploit time variation in the degree of development of local credit markets and matched employer-employee data to assess the role of the firm as an internal credit market. In less developed local credit markets firms can offer a flatter wage-tenure profile than firms in more developed credit...

Persistent link: https://www.econbiz.de/10012462727

Show Me the Money : Does Shared Capitalism Share the Wealth?

Buchele, Robert - 2009

This paper examines the effect of a variety of employee ownership programs on employees' holdings of their employers' stock, their earnings and their wealth. Two major datasets are employed: the NBER Shared Capitalism Research Project employee survey dataset and the 2002 and 2006 national...

Persistent link: https://www.econbiz.de/10012463817

Risk and Lack of Diversification under Employee Ownership and Shared Capitalism

Blasi, Joseph R. - 2008

Some analysts view risk as the Achilles Heel of employee ownership and to some extent variable pay plans such as profit sharing and gainsharing. Workers in such "shared capitalist" firms may invest too much of their wealth in the firm, contrary to the principle of diversification. This paper...

Persistent link: https://www.econbiz.de/10012464375

Who Has a Better Idea? Innovation, Shared Capitalism, and HR Policies

Harden, Erika - 2008

shared incentives and cooperative culture which encourages mutual monitoring and opportunities to share information …

Persistent link: https://www.econbiz.de/10012464409

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

Kruse, Douglas - 2008

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/10012464410