000 02495cam a22003497 4500
001 w14235
003 NBER
005 20211020111724.0
006 m o d
007 cr cnu||||||||
008 210910s2008 mau fo 000 0 eng d
100 1 _aBryson, Alex.
_96972
245 1 0 _aHow Does Shared Capitalism Affect Economic Performance in the UK? /
_cAlex Bryson, Richard Freeman.
260 _aCambridge, Mass.
_bNational Bureau of Economic Research
_c2008.
300 _a1 online resource:
_billustrations (black and white);
490 1 _aNBER working paper series
_vno. w14235
500 _aAugust 2008.
520 3 _aThis paper uses nationally representative linked workplace-employee data from the British 2004 Workplace Employment Relations Survey to examine the operation of shared capitalist forms of pay--profit-sharing and group pay for performance, employee share ownership, and stock options--and their link to productivity. It shows that shared capitalism has grown in the UK, as it has in the US; that different forms of shared capitalist pay complement each other and other labor practices in the sense that firms use them together more than they would if they chose modes of pay and work practices independently; and that workplaces switch among schemes frequently, which suggests that they have trouble optimizing and the transactions cost of switching are relatively low. Among the single schemes, share ownership has the clearest positive association with productivity, but its impact is largest when firms combine it with other forms of shared capitalist pay and modes of organization.
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 _aL23 - Organization of Production
_2Journal of Economic Literature class.
690 7 _aL25 - Firm Performance: Size, Diversification, and Scope
_2Journal of Economic Literature class.
700 1 _aFreeman, Richard.
710 2 _aNational Bureau of Economic Research.
830 0 _aWorking Paper Series (National Bureau of Economic Research)
_vno. w14235.
856 4 0 _uhttps://www.nber.org/papers/w14235
856 _yAcceso en lĂ­nea al DOI
_uhttp://dx.doi.org/10.3386/w14235
942 _2ddc
_cW-PAPER
999 _c333895
_d292457