000			03169cam a22003617 4500
001			w14225
003			NBER
005			20211020111724.0
006			m o d
007			cr cnu||||||||
008			210910s2008 mau fo 000 0 eng d
100	1		_aKruse, Douglas L. _914621
245	1	0	_aShared Capitalism in the U.S. Economy? Prevalence, Characteristics, and Employee Views of Financial Participation in Enterprises / _cDouglas L. Kruse, Joseph R. Blasi, Rhokeun Park.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2008.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w14225
500			_aAugust 2008.
520	3		_aBetween one-third and one-half of employees participate directly in company performance through profit sharing, gainsharing, employee ownership, or stock options. This flies in the face of concerns about the free rider problem and worker risk aversion in group incentives, and raises many questions about the effects on firms and workers. This paper lays out the major reasons we may see such "shared capitalism" plans, and reviews recent nationally representative surveys on the prevalence of these plans. We also introduce the NBER shared capitalism data, based on questions added to the 2002 and 2006 General Social Surveys (GSS) and more than 40,000 employee surveys from 14 companies with different combinations of shared capitalism plans. We find that while shared capitalism exists broadly throughout the economy, it is more likely in larger establishments. The free rider effect may be countered by the use of other policies to create productive teamwork and a cooperative culture: shared capitalism is positively linked to workplace decision-making, training, job security, teamwork, the ability to easily observe co-worker performance, and low levels of supervision. Also, more risk-averse employees avoid participating in several types of shared capitalism, but two-thirds of even the most risk-averse employees in these companies say they want shared capitalism as part of their pay package. The effects of these plans for both workers and firms are more fully explored in accompanying papers.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aJ33 - Compensation Packages • Payment Methods _2Journal of Economic Literature class.
690		7	_aJ54 - Producer Cooperatives • Labor Managed Firms • Employee Ownership _2Journal of Economic Literature class.
690		7	_aL23 - Organization of Production _2Journal of Economic Literature class.
700	1		_aBlasi, Joseph R. _930743
700	1		_aPark, Rhokeun.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w14225.
856	4	0	_uhttps://www.nber.org/papers/w14225
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w14225
942			_2ddc _cW-PAPER
999			_c333890 _d292452