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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.

Suggested Citation

  • Pencavel, John, 2012. "Worker Cooperatives and Democratic Governance," IZA Discussion Papers 6932, Institute for the Study of Labor (IZA).
  • Handle: RePEc:iza:izadps:dp6932
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    References listed on IDEAS

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    Cited by:

    1. Alves, Guillermo & Burdín, Gabriel & Dean, Andrés, 2016. "Workplace democracy and job flows," Journal of Comparative Economics, Elsevier, vol. 44(2), pages 258-271.
    2. Gabriel Burdin, 2012. "Does workers’ control affect firm survival? Evidence from Uruguay," Department of Economics University of Siena 641, Department of Economics, University of Siena.
    3. 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 (working papers) 12-14, Instituto de Economía - IECON.
    4. Philip Mellizo & Jeffrey Carpenter & Peter Hans Matthews, 2014. "Workplace democracy in the lab," Industrial Relations Journal, Wiley Blackwell, vol. 45(4), pages 313-328, July.

    More about this item

    Keywords

    comparative efficiency; worker cooperatives; viability;

    JEL classification:

    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms

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