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Monitoring Colleagues at Work: Profit-Sharing, Employee Ownership, Broad-Based Stock Options and Workplace Performance in the United States

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Author Info
Joseph Blasi
Richard Freeman
Douglas Kruse

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Abstract

This study seeks to increase our understanding of worker reactions to shirking by analyzing two new questionson shirking from the 2002 General Social Science Survey (GSS). We developed the questions in order toilluminate the factors that enable some shared capitalist enterprises to overcome the free rider or 1/N dilemma.Our guiding principle is the notion that for profit-sharing, worker ownership, and broad-based stock options toproduce economic benefits, workers must "buy into" shared arrangements and create a workplace culture thatdiscourages shirking.

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Paper provided by Centre for Economic Performance, LSE in its series CEP Discussion Papers with number dp0647.

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Date of creation: Aug 2004
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Handle: RePEc:cep:cepdps:dp0647

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Leibowitz, Arleen & Tollison, Robert, 1980. "Free Riding, Shirking, and Team Production in Legal Partnerships," Economic Inquiry, Oxford University Press, vol. 18(3), pages 380-94, July.
  2. Joseph Blasi & Michael Conte & Douglas Kruse, 1996. "Employee stock ownership and corporate performance among public companies," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 50(1), pages 60-79, October.
  3. Leigh Tesfatsion, 2002. "Agent-Based Computational Economics," Computational Economics 0203001, EconWPA, revised 15 Aug 2002. [Downloadable!]
  4. Kandel, Eugene & Lazear, Edward P, 1992. "Peer Pressure and Partnerships," Journal of Political Economy, University of Chicago Press, vol. 100(4), pages 801-17, August. [Downloadable!] (restricted)
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  5. Fudenberg, Drew & Maskin, Eric, 1986. "The Folk Theorem in Repeated Games with Discounting or with Incomplete Information," Econometrica, Econometric Society, vol. 54(3), pages 533-54, May. [Downloadable!] (restricted)
  6. Canice Prendergast, 1999. "The Provision of Incentives in Firms," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 7-63, March. [Downloadable!] (restricted)
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  1. John Heywood & Uwe Jirjahn & Georgi Tsertsvadze, 2005. "Does profit sharing reduce conflict with the boss? Evidence from Germany," International Economic Journal, Korean International Economic Association, vol. 19(2), pages 235-250, June. [Downloadable!] (restricted)
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