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 participate in shared capitalism programs in the United States and abroad, the factors that enable these firms to overcome classic free rider and risk problems, the effect of shared capitalism on firm performance, and the impact of shared capitalism on worker well-being. This volume provides essential studies for understanding the increasingly important role of shared capitalism in the modern workplace.
| ISBN: | 9780226456676 |
| Publication date: | 23rd August 2011 |
| Author: | Douglas L Kruse, Richard B Freeman, Joseph R Blasi |
| Publisher: | The University of Chicago Press an imprint of University of Chicago Press |
| Format: | Paperback |
| Pagination: | 432 pages |
| Series: | National Bureau of Economic Research Conference Report |
| Genres: |
Employee-ownership and co-operatives |
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 participate in shared capitalism programs in the United States and abroad, the factors that enable these firms to overcome classic free rider and risk problems, the effect of shared capitalism on firm performance, and the impact of shared capitalism on worker well-being. This volume provides essential studies for understanding the increasingly important role of shared capitalism in the modern workplace.
Shared Capitalism at Work features in the following genres: Employee-ownership and co-operatives
Shared Capitalism at Work is available in Paperback
Shared Capitalism at Work was written by Douglas L Kruse, Richard B Freeman, Joseph R Blasi and published by The University of Chicago Press an imprint of University of Chicago Press
Shared Capitalism at Work has 432 pages
Yes it is part of National Bureau of Economic Research Conference Report series