Worker Attitudes Toward Employee Ownership, Profit Sharing and Variable Pay

Fidan Ana Kurtulus; Douglas Kruse; Joseph Blasi

doi:10.1108/S0885-3339(2011)0000012010

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Advances in the Economic Analysis of Participatory & Labor-Managed Firms

ISSN: 0885-3339
Series editor(s): Professor Takao Kato

Subject Area: Economics

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Worker Attitudes Toward Employee Ownership, Profit Sharing and Variable Pay

Document Information:
Title:	Worker Attitudes Toward Employee Ownership, Profit Sharing and Variable Pay
Author(s):	Fidan Ana Kurtulus, Douglas Kruse, Joseph Blasi
Volume:	12 Editor(s): Jed DeVaro ISBN: 978-0-85724-759-9 eISBN: 978-0-85724-760-5
Citation:	Fidan Ana Kurtulus, Douglas Kruse, Joseph Blasi (2011), Worker Attitudes Toward Employee Ownership, Profit Sharing and Variable Pay, in Jed DeVaro (ed.) Advances in the Economic Analysis of Participatory and Labor-Managed Firms (Advances in the Economic Analysis of Participatory & Labor-Managed Firms, Volume 12), Emerald Group Publishing Limited, pp.143-168
DOI:	10.1108/S0885-3339(2011)0000012010 (Permanent URL)
Publisher:	Emerald Group Publishing Limited
Article type:	Chapter Item
Abstract:	Using the NBER Shared Capitalism Database comprised of over 40,000 employee surveys from 14 firms, we investigate worker attitudes toward 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 co-workers 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.