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Shared Capitalism at Work: Impacts and Policy Options

In: America at Work

Author

Listed:
  • Joseph Blasi
  • Douglas Kruse
  • Richard B. Freeman

Abstract

For the last several decades, various companies have shared the benefit of corporate results with employees of the firm, using profit-sharing, gain sharing, bonuses, employee stock ownership, or stock options. All of these approaches have one thing in common: offering the worker a share in profits or stock appreciation when the company makes a profit on the capital that investors have provided. For the first time, a comprehensive picture of shared capitalism in the United States has become available as a result of a national random sample of all employed adults in the U.S. government-supported 2002 General Social Survey (GSS).1 This survey provides new information about the impact of shared capitalism on the experiences of workers and their companies. Since these results are statistically representative of the country at large, they are especially salient for policy discussions of these issues. Furthermore, they do not have the disadvantages of the biases introduced by nonrepresentative or small samples, surveys of companies or managers, case studies, or conceptual discussions of these issues.

Suggested Citation

  • Joseph Blasi & Douglas Kruse & Richard B. Freeman, 2006. "Shared Capitalism at Work: Impacts and Policy Options," Palgrave Macmillan Books, in: Edward E. Lawler & James O’Toole (ed.), America at Work, chapter 16, pages 275-295, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-8359-6_16
    DOI: 10.1057/9781403983596_16
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    Citations

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    Cited by:

    1. Richard B. Freeman & Douglas L. Kruse & Joseph R. Blasi, 2010. "Worker Responses to Shirking under Shared Capitalism," NBER Chapters, in: Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-based Stock Options, pages 77-103, National Bureau of Economic Research, Inc.
    2. Prasad, Ajnesh, 2018. "When is economic inequality justified?," Business Horizons, Elsevier, vol. 61(6), pages 855-862.
    3. Richard B. Freeman, 2008. "When Workers Share in Profits: Effort and Responses to Shirking," 'Angelo Costa' Lectures Serie, SIPI Spa, issue Lect. IX.

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