National Bureau of Economic Research conference report
Includes bibliographical references and index.
Shared capitalism in the U.S. economy : prevalence, characteristics, and employee views of financial participation in enterprises / Douglas L. Kruse, Joseph R. Blasi, and Rhokeun Park -- Worker responses to shirking under shared capitalism / Richard B. Freeman, Douglas L. Kruse, and Joseph R. Blasi -- Risk and lack of diversification under employee ownership and shared capitalism / Joseph R. Blasi, Douglas L. Kruse, and Harry M. Markowitz -- Creating a bigger pie? : the effects of employee ownership, profit sharing, and stock options on workplace performance -- Joseph R. Blasi [and others] -- Complementarity of shared compensation and decision-making systems : evidence from the American Labor Market / Arindrajit Dube and Richard B. Freeman -- How does shared capitalism affect economic performance in the United Kingdom? / Alex Bryson and Richard B. Freeman -- Who has a better idea? : innovation, shared capitalism, and human resources policies / Erika E. Harden, Douglas L. Kruse, and Joseph R. Blasi -- Do workers gain by sharing? : employee outcomes under employee ownership, profit sharing, and broad-based stock options / Douglas L. Kruse, Richard B. Freeman, and Joseph R. Blasi -- Does employee ignorance undermine shared capitalism? / John W. Budd -- Who benefits from shared capitalism? : the social stratification of wealth and power in companies with employee ownership / Edward J. Carberry -- Show me the money: does shared capitalism share the wealth? -- Robert Buchele [and others].
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The historical relationship between capital and labor has evolved in the past few decades. One particularly noteworthy development is the rise of shared capitalism, a system in which workers have become partial owners of their firms and thus, in effect, both employees and stockholders. Profit sharing arrangements and gain-sharing bonuses, which tie compensation directly to a firm's performance, also reflect this new attitude toward labor. Shared Capitalism at Work analyzes the effects of this trend on workers and firms. The contributors focus on four main areas: the fraction of firms that parti.