Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/305675 
Year of Publication: 
2024
Series/Report no.: 
IZA Discussion Papers No. 17233
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Do employees fare better in firms they partly own? Examining workers' reviews of their employers on Glassdoor, we compare employee satisfaction between firms in which workers own company shares through an employee stock ownership plan (ESOP) and conventional firms in which they do not. Focusing on workers in U.S. manufacturing, we find employees report greater satisfaction in employee-owned firms overall and with specific aspects of jobs such as firm culture. This satisfaction premium is greater when the ESOP is the product of collective bargaining or employees own a larger stake of firm equity. Employee well-being can thus differ by ownership arrangement.
Subjects: 
ESOP
job satisfaction
collective bargaining
culture
JEL: 
J52
J28
M14
Document Type: 
Working Paper

Files in This Item:
File
Size
998.78 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.