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Title:Worker attitudes towards employee ownership, profit sharing and variable pay PDF Logo
Authors:Kurtulus, Fidan Ana
Kruse, Douglas
Blasi, Joseph
Issue Date:2011
Series/Report no.:Working Paper, University of Massachusetts, Department of Economics 2011-15
Abstract:Using the NBER Shared Capitalism Database comprised of over 40,000 employee surveys from 14 firms, we investigate worker attitudes towards employee ownership, profit sharing, and variable pay. Specifically, our study uses detailed survey questions on preferences over profit sharing, forms of employee ownership like company stock and stock option ownership, as well as preferences over variable pay in general, to explore how preferences for these different types of output-contingent pay vary with worker risk aversion, residual control, and views of coworkers and management. Our key results show that, on average, workers want at least a part of their compensation to be performance-related, with stronger preferences for output-contingent pay schemes among workers who have lower levels of risk aversion, greater residual control over the work process, and greater trust of co-workers and management.
Subjects:Employee Ownership
Profit Sharing
Variable Pay
Worker Preferences
Residual Control
Risk Aversion
Perceptions of Co-Workers and Management
JEL:J54
J33
M52
Document Type:Working Paper
Appears in Collections:Working Papers, Department of Economics, University of Massachusetts

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