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 … capitalist and co-op enterprises. -- worker-owned firms ; capitalist firms ; wages ; employment ; capital …

Weakening bargaining power of unions and the increasing integration of the world economy may affect the volatility of … capital and labor incomes. This paper documents and explains changes in income volatility. Using a theoretical framework which … builds distribution risk into a real business cycle model, hypotheses on the determinants of the relative volatility of …

for the years 1970 - 2004, we document how the volatility of hours worked and of wages of workers at different skill …-skilled labor increases. This suppresses wages of low-skilled workers and/or increases their unemployment rates. On the other hand … volatility of employment, and this effect is strongest for low-skilled workers. A higher share of low-skilled employment has a …

"We study the effect of globalization on the volatility of wages and worker welfare in a model in which risk is … trade hurts rich-country workers, while reducing the volatility of their wages; by contrast, offshoring benefits them, while … raising the volatility of their wages. We thus formalize, but also sharply circumscribe, a common critique of globalization …