Arbeitspapier
Employee Stock Ownership vs. Profit Sharing
The idea that profit sharing increases employment has been widely tested, but the theoretical basis for the claim is weak and the empirical results are ambiguous. This paper shows that employee stock ownership based on individually-held stakes avoids the problems of traditional profit sharing. Employee stock ownership shifts employment to the efficient level by either raising employment from an initial state of underemployment or decreasing it from an initial state of overemployment. Since the effect on employment is not unidirectional, empirical tests need to differentiate between traditional profit sharing and employee stock ownership and to condition on the initial state of employment.
- Sprache
-
Englisch
- Erschienen in
-
Series: Claremont Colleges Working Papers in Economics ; No. 2000-28
- Klassifikation
-
Wirtschaft
Compensation Packages; Payment Methods
Trade Unions: Objectives, Structure, and Effects
Producer Cooperatives; Labor Managed Firms; Employee Ownership
Cooperative Enterprises
- Thema
-
profit sharing
employee ownership
ESOPs
collective bargaining
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Harbaugh, Rick
- Ereignis
-
Veröffentlichung
- (wer)
-
Claremont McKenna College, Department of Economics
- (wo)
-
Claremont, CA
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Harbaugh, Rick
- Claremont McKenna College, Department of Economics
Entstanden
- 2000
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