IDEAS home Printed from https://ideas.repec.org/p/hal/journl/halshs-05559225.html

When workers get to choose: Employment and wage responses to demand shocks in labour‐managed and conventional firms

Author

Listed:
  • Nathalie Magne

    (UMR ART-Dev - Acteurs, Ressources et Territoires dans le Développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - UPVD - Université de Perpignan Via Domitia - CNRS - Centre National de la Recherche Scientifique - UM - Université de Montpellier - UMPV - Université de Montpellier Paul-Valéry)

  • Virginie Pérotin

    (University of Leeds)

Abstract

In conventional firms (CFs), workers are unlikely to accept pay and hour reductions in order to secure their jobs, in particular because of information asymmetry. A specific type of firm is not subject to this information asymmetry problem because workers make decisions and share profits: worker cooperatives. In this paper, we use an exhaustive employer–employee panel French dataset in order to compare systematically adjustment to demand shocks in worker cooperatives and CFs. We find that, when faced with the same variation of demand, worker cooperatives have more stable employment and more variable pay. However, we show that this employment stability in cooperatives benefits primarily men and employees in low‐skill jobs.

Suggested Citation

  • Nathalie Magne & Virginie Pérotin, 2026. "When workers get to choose: Employment and wage responses to demand shocks in labour‐managed and conventional firms," Post-Print halshs-05559225, HAL.
    • Handle: RePEc:hal:journl:halshs-05559225
    DOI: 10.1111/apce.70046
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-05559225v1
    as

    Download full text from publisher

    File URL: https://shs.hal.science/halshs-05559225v1/document
    Download Restriction: no
    File URL: https://libkey.io/10.1111/apce.70046?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:halshs-05559225. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.