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