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A series of observations on various types of cooperatives is constructed from intermittent surveys between 1920 and 1950 and, where possible, these are extended to recent years. These observations allow several questions to be taken up: how well have organizations that resemble consumers'...
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Differences in wages, employment, and capital between worker-owned and capitalist enterprises are computed from a matched employer-worker panel data set from Italy, the market economy with the greatest incidence of worker-owned and worker-managed firms. These differences are related to orthodox...
Persistent link: https://www.econbiz.de/10012779733
Though much has been written about annual income inequality in China, little research has been conducted on longer run measures of income inequality and on income mobility. This paper compares income mobility of urban individuals in China and the United States in the 1990s. The following...
Persistent link: https://www.econbiz.de/10012780529
Two propositions figure prominently in explanations for Britain's comparatively low growth in employment: first, the wage-setting mechanism is insufficiently responsive to the growth of unemployment and, second, there exists a well-defined negative causal relationship from wages to employment...
Persistent link: https://www.econbiz.de/10012760182
H. Gregg Lewis' estimates of the relative wage effect of unionism between 1920 and 1958 are routinely cited though they have rarely been subject to scrutiny. This paper extends Lewis' data to 1980 and, in particular, we construct a series on union membership that links up with the data available...
Persistent link: https://www.econbiz.de/10012760354
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Income inequality has been lower in periods when trade unionism has been strong. Using observations on wages by occupation, by geography, and by gender in collective bargaining contracts from the 1940s to the 1970s, patterns in movements of wage differentials are revealed. As wages increased,...
Persistent link: https://www.econbiz.de/10012206420
The operation of American labor markets during the two World Wars is described and the well-being of civilian workers during those years is assessed. These were periods when decentralized capitalism was replaced with a system of centralized direction and control that some would call socialism....
Persistent link: https://www.econbiz.de/10015339023