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Las decisiones de empleo y salarios de cooperativas de trabajo y empresas capitalistas : evidencia para Uruguay en base a datos de panel

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Author Info

  • Gabriel Burdín

    () (Universidad de la República (Uruguay). Facultad de Ciencias Económicas y de Administración. Instituto de Economía)

  • Andrés Dean

    () (Universidad de la República (Uruguay). Facultad de Ciencias Económicas y de Administración. Instituto de Economía)

Abstract

The following article presents new econometric evidence on comparative behavior between worker cooperatives and capitalist firms, identifying differences in wage and employment responses. We exploit a comprehensive panel data set that covers the universe of cooperatives and their capitalist counterparts registered in social security records in Uruguay from April 1996 to December 2005. The analysis of employment and wage evolution in both types of enterprises suggests that there may be different mechanisms of adjustment to idiosyncratic price changes and macroeconomic shocks. The data set also allows us to estimate wages and employment variations for cooperative’s members and employees separately. The results of the comparison are analyzed in the light of theoretical explanations and institutional characteristics of the cooperatives’ development in Uruguay. Our findings are broadly consistent with previous studies for Italian and plywood northwest U.S. cooperatives. The importance of this research owes to the fact that comparative empirical studies of this kind are in general rare, particularly for developing countries.

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Bibliographic Info

Paper provided by Instituto de Economia - IECON in its series Documentos de Trabajo (working papers) with number 09-02.

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Length: 32 pages
Date of creation: Jun 2009
Date of revision:
Handle: RePEc:ulr:wpaper:dt-02-09

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Related research

Keywords: capitalist firms; worker cooperatives; employment; wages;

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References

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  1. Dow, Gregory K. & Putterman, Louis, 2000. "Why capital suppliers (usually) hire workers: what we know and what we need to know," Journal of Economic Behavior & Organization, Elsevier, vol. 43(3), pages 319-336, November.
  2. Gregory K. Dow, 2000. "Allocating Control Over Firms: Stock Markets Versus Membership Markets," Discussion Papers dp00-03, Department of Economics, Simon Fraser University, revised Feb 2000.
  3. Samuel Bowles & Herbert Gintis, 2001. "Social Capital and Community Governance," Working Papers 01-01-003, Santa Fe Institute.
  4. Pencavel, John & Craig, Ben, 1994. "The Empirical Performance of Orthodox Models of the Firm: Conventional Firms and Worker Cooperatives," Journal of Political Economy, University of Chicago Press, vol. 102(4), pages 718-44, August.
  5. Dow,Gregory K., 2003. "Governing the Firm," Cambridge Books, Cambridge University Press, number 9780521818537.
  6. Bonin, John P., 1981. "The theory of the labor-managed firm from the membership's perspective with implications for marshallian industry supply," Journal of Comparative Economics, Elsevier, vol. 5(4), pages 337-351, December.
  7. Dow, Gregory K., 1986. "Control rights, competitive markets, and the labor management debate," Journal of Comparative Economics, Elsevier, vol. 10(1), pages 48-61, March.
  8. 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).
  9. Gabriel Burdín & Andrés Dean, 2008. "Los objetivos de una empresa gestionada por sus trabajadores : un análisis sobre el caso uruguayo," Documentos de Trabajo (working papers) 08-10, Instituto de Economia - IECON.
  10. Steinherr, A. & Thisse, J. -F., 1979. "Are labor-managers really perverse?," Economics Letters, Elsevier, vol. 2(2), pages 137-142.
  11. Brewer, Anthony A & Browning, Martin J, 1982. "On the 'Employment' Decision of a Labour-Managed Firm," Economica, London School of Economics and Political Science, vol. 49(194), pages 141-46, May.
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