Share capitalism and worker wellbeing
Alex Bryson
- Fonction : Auteur
- PersonId : 777688
- ORCID : 0000-0003-1529-2010
- IdRef : 063058782
Andrew E. Clark
- Fonction : Auteur
- PersonId : 742286
- IdHAL : andrew-clark
- ORCID : 0000-0001-7004-7654
- IdRef : 035800070
Résumé
We show that worker wellbeing is determined not only by the amount of compensation workers receive but also by how compensation is determined. While previous theoretical and empirical work has often been preoccupied with individual performance-related pay, we find that the receipt of a range of group-performance schemes (profit shares, group bonuses and share ownership) is associated with higher job satisfaction. This holds conditional on wage levels, so that pay methods are associated with greater job satisfaction in addition to that coming from higher wages. We use a variety of methods to control for unobserved individual and job-specific characteristics. We suggest that half of the share-capitalism effect is accounted for by employees reciprocating for the “gift”; we also show that share capitalism helps dampen the negative wellbeing effects of what we typically think of as “bad” aspects of job quality.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Résumé |
en
We show that worker wellbeing is determined not only by the amount of compensation workers receive but also by how compensation is determined. While previous theoretical and empirical work has often been preoccupied with individual performance-related pay, we find that the receipt of a range of group-performance schemes (profit shares, group bonuses and share ownership) is associated with higher job satisfaction. This holds conditional on wage levels, so that pay methods are associated with greater job satisfaction in addition to that coming from higher wages. We use a variety of methods to control for unobserved individual and job-specific characteristics. We suggest that half of the share-capitalism effect is accounted for by employees reciprocating for the “gift”; we also show that share capitalism helps dampen the negative wellbeing effects of what we typically think of as “bad” aspects of job quality.
|
Titre |
en
Share capitalism and worker wellbeing
|
Auteur(s) |
Alex Bryson
1, 2
, Andrew E. Clark
3, 2, 4
, Colin P. Green
5, 6
, Richard Freeman
7
1
UCL -
University College of London [London]
( 300875 )
- Gower Street, London WC1E 6BT
- Royaume-Uni
2
IZA -
Institute for the Study of Labor
( 103374 )
- Bonn
- Allemagne
3
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
4
PSE -
Paris-Jourdan Sciences Economiques
( 139754 )
- 48 boulevard Jourdan 75014 Paris
- France
5
NBER -
The National Bureau of Economic Research
( 340636 )
- Main Office National Bureau of Economic Research
NBER
1050 Massachusetts Avenue
Cambridge, Massachusetts, MA 02138
- États-Unis
6
Harvard University
( 38302 )
- Massachusetts Hall, Cambridge, MA 02138
- États-Unis
7
Lancaster University
( 450363 )
- Bailrigg, Lancaster, LA1 4YW
- Royaume-Uni
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2016-10
|
Volume |
42
|
Page/Identifiant |
151-158
|
Financement |
|
Mots-clés (JEL) |
|
Domaine(s) |
|
Mots-clés |
en
Job satisfaction, Wages, Compensation methods, Working conditions
|
DOI | 10.1016/j.labeco.2016.09.002 |
PubMed Central | PMC5512719 |
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