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Worker Cooperatives and Democratic Governance

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  • Pencavel, John

    ()
    (Stanford University)

Abstract

A worker co-operative is a firm that is owned and managed by those who work in it. This paper provides a selective review of research in economics on worker cooperatives. It concentrates on the volatility of earnings and employment in the co-ops compared with conventional capitalist firms; on the long-term viability of co-ops; on the relative productive efficiency of co-ops; and on problems of democratic governance within co-ops. Using modern empirical methods applied to large numbers of observations, recent research has substantially enhanced our understanding of worker co-ops.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 6932.

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Length: 42 pages
Date of creation: Oct 2012
Date of revision:
Handle: RePEc:iza:izadps:dp6932

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Keywords: worker cooperatives; comparative efficiency; viability;

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References

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  1. Mellizo, Philip & Carpenter, Jeffrey P. & Matthews, Peter Hans, 2011. "Workplace Democracy in the Lab," IZA Discussion Papers 5460, Institute for the Study of Labor (IZA).
  2. Fathi Fakhfakh & Virginie Pérotin & Monica Gago, 2011. "Productivity, Capital and Labor in Labor-Managed and Conventional Firms," Working Papers halshs-00838518, HAL.
  3. repec:tep:teppwp:wp1108 is not listed on IDEAS
  4. Andrew Pendleton & Andrew Robinson, 2010. "Employee Stock Ownership, Involvement, and Productivity: An Interaction-Based Approach," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 64(1), pages 29-Mar, October.
  5. Steven Tadelis & Jonathan Levin, 2004. "Profit Sharing and the Role of Professional Partnerships," 2004 Meeting Papers 156, Society for Economic Dynamics.
  6. John Pencavel & Luigi Pistaferri & Fabiano Schivardi, 2006. "Wages, employment, and capital in capitalist and worker-owned firms," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 60(1), pages 23-44, October.
  7. Nick Bloom & John Van Reenen, 2010. "Human resource management and productivity," LSE Research Online Documents on Economics 28730, London School of Economics and Political Science, LSE Library.
  8. Burdín, Gabriel, 2012. "Does workers' control affect firm survival? Evidence from Uruguay," AICCON Working Papers 108-2012, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
  9. Dow,Gregory K., 2003. "Governing the Firm," Cambridge Books, Cambridge University Press, number 9780521522212, October.
  10. Burdín, Gabriel & Dean, Andrés, 2009. "New evidence on wages and employment in worker cooperatives compared with capitalist firms," Journal of Comparative Economics, Elsevier, vol. 37(4), pages 517-533, December.
  11. Ben-ner, Avner, 1988. "The life cycle of worker-owned firms in market economies : A theoretical analysis," Journal of Economic Behavior & Organization, Elsevier, vol. 10(3), pages 287-313, October.
  12. Dow, G & Putterman, L, 1996. "Why Capital (Usually) Hires Labor : An Assessment of Proposed Explanations," Discussion Papers dp97-03, Department of Economics, Simon Fraser University.
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  1. The power of the 1%
    by chris dillow in Stumbling and Mumbling on 2014-03-10 14:35:26
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Cited by:
  1. Burdín, Gabriel, 2012. "Does workers' control affect firm survival? Evidence from Uruguay," AICCON Working Papers 108-2012, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
  2. Guillermo Alves & Gabriel Burdin & Paula Carrasco & Andrés Dean & Andrés Rius, 2012. "Empleo, remuneraciones e inversión en cooperativas de trabajadores y empresas convencionales: nueva evidencia para Uruguay," Documentos de Trabajo basados en Monografías (students working papers) 12-14, Instituto de Economía - IECON.

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