| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14830 |
| 来源ID | Working Paper 14830 |
| Show Me the Money: Does Shared Capitalism Share the Wealth? | |
| Robert Buchele; Douglas Kruse; Loren Rodgers; Adria Scharf | |
| 发表日期 | 2009-04-03 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | This paper examines the effect of a variety of employee ownership programs on employees' holdings of their employers' stock, their earnings and their wealth. Two major datasets are employed: the NBER Shared Capitalism Research Project employee survey dataset and the 2002 and 2006 national General Social Surveys (GSS). The GSS national survey shows that 29% of permanent, full-time employees with at least one year on the job own their employers' stock, compared to the unsurprisingly higher 87% of employees in the NBER "shared capitalist" firms. The employees in the national sample hold an average of $10,600 of employer stock, compared to $52,800 in the NBER sample. Employee owners in NBER companies with broad-based ownership structures fare better: those in majority-owned ESOPs hold on average $86,000 in company stock and those in broad-based stock option plans hold options worth an average of $283,000. We find no evidence -- either between datasets or between employee-owners and non-owners within datasets -- of substitution of company stock ownership for pay or benefits. Moreover, our analysis suggests that company stock ownership substantially raises total employee wealth, though it appears to have little effect on the overall distribution of wealth. These results suggest that employee ownership tends to raise both ownership stakes and economic resources of American workers across the economic spectrum. |
| 主题 | Microeconomics ; Market Structure and Distribution ; Labor Economics ; Labor Compensation ; Labor Relations |
| URL | https://www.nber.org/papers/w14830 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572506 |
| 推荐引用方式 GB/T 7714 | Robert Buchele,Douglas Kruse,Loren Rodgers,et al. Show Me the Money: Does Shared Capitalism Share the Wealth?. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14830.pdf（222KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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