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- DescriptionThe historical relationship between capital and labor has changed radically in the past few decades. One particularly teworthy 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.
- Author BiographyDouglas L. Kruse is professor in the School of Management and Labor Relations at Rutgers University and a research associate of the National Bureau of Economic Research. Richard B. Freeman holds the Herbert Ascherman Chair in Economics at Harvard University and is a research associate of the NBER. He is the former director of the NBER Labor Studies program. Joseph R. Blasi holds the J. Robert Beyster Chair in the School of Management and Labor Relations at Rutgers University and is a research associate of the NBER.
- PublisherThe University of Chicago Press
- Date of Publication01/05/2011
- SubjectEconomics: Professional & General
- Series TitleNational Bureau of Economic Research Conference Report
- Place of PublicationChicago, IL
- Country of PublicationUnited States
- ImprintUniversity of Chicago Press
- Content Note22 line drawings, 94 tables
- Weight590 g
- Width152 mm
- Height229 mm
- Spine25 mm
- Edited byDouglas L. Kruse,Joseph R. Blasi,Richard B. Freeman
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