Las decisiones de empleo y salarios de cooperativas de trabajo y empresas capitalistas : evidencia para Uruguay en base a datos de panel
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.
|Date of creation:||Jun 2009|
|Contact details of provider:|| Postal: Joaquín Requena 1375, CP 11200, Montevideo|
Phone: (598) 2400-0406
Fax: (598) 2419-8727
Web page: http://www.iecon.ccee.edu.uy/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- Gregory K. Dow, 2000.
"Allocating Control Over Firms: Stock Markets Versus Membership Markets,"
dp00-03, Department of Economics, Simon Fraser University, revised Feb 2000.
- Gregory Dow, 2001. "Allocating Control over Firms: Stock Markets versus Membership Markets," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 18(2), pages 201-218, March.
- Samuel Bowles & Herbert Gintis, 2001.
"Social Capital and Community Governance,"
01-01-003, Santa Fe Institute.
- 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 718-744, August.
- Dow,Gregory K., 2003.
"Governing the Firm,"
Cambridge University Press, number 9780521818537, December.
- 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.
- John Pencavel & Luigi Pistaferri & Fabiano Schivardi, 2006.
"Wages, Employment, and Capital in Capitalist and Worker-Owned Firms,"
Cornell University, ILR School, vol. 60(1), pages 23-44, October.
- 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).
- 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.
- 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 Economía - IECON.
- Steinherr, A. & Thisse, J. -F., 1979. "Are labor-managers really perverse?," Economics Letters, Elsevier, vol. 2(2), pages 137-142.
- 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 141-146, May.
When requesting a correction, please mention this item's handle: RePEc:ulr:wpaper:dt-02-09. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Andrés Dean)
If references are entirely missing, you can add them using this form.