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Worker Cooperatives and Democratic Governance

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  • John Pencavel

    ()
    (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 Stanford Institute for Economic Policy Research in its series Discussion Papers with number 12-003.

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Date of creation: Oct 2012
Date of revision:
Handle: RePEc:sip:dpaper:12-003

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Keywords: worker cooperatives; productivity; viability; governance;

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References

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  1. repec:tep:teppwp:wp1108 is not listed on IDEAS
  2. 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.
  3. Pencavel, John & Pistaferri, Luigi & Schivardi, Fabiano, 2006. "Wages, Employment, and Capital in Capitalist and Worker-Owned Firms," IZA Discussion Papers 2188, Institute for the Study of Labor (IZA).
  4. Nicholas Bloom & John Van Reenen, 2010. "Human Resource Management and Productivity," CEP Discussion Papers dp0982, Centre for Economic Performance, LSE.
  5. 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.
  6. Dow,Gregory K., 2003. "Governing the Firm," Cambridge Books, Cambridge University Press, number 9780521522212, October.
  7. 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.
  8. Fakhfakh F. & Perotin V. & Gago M., 2009. "Productivity, Capital and Labor in Labor-Managed and Conventional Firms," Working Papers ERMES 0910, ERMES, University Paris 2.
  9. Gabriel Burdin, 2012. "Does workers’ control affect firm survival? Evidence from Uruguay," Documentos de Trabajo basados en Monografías (students working papers) 12-06, Instituto de Economía - IECON.
  10. 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).
  11. Jonathan Levin & Steven Tadelis, 2005. "Profit Sharing and the Role of Professional Partnerships," The Quarterly Journal of Economics, MIT Press, vol. 120(1), pages 131-171, January.
  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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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. The power of the 1%
    by ? in Stumbling and Mumbling on 2014-03-10 14:35:00
  2. Why not worker control?
    by ? in Stumbling and Mumbling on 2014-07-20 13:41:00
  3. 'Why Not Worker Control?'
    by Mark Thoma in Economist's View on 2014-07-20 08:46:53
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Cited by:
  1. Gabriel Burdin, 2012. "Does workers’ control affect firm survival? Evidence from Uruguay," Documentos de Trabajo basados en Monografías (students working papers) 12-06, Instituto de Economía - IECON.
  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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