TY - JOUR AU - Kruse,Douglas AU - Freeman,Richard AU - Blasi,Joseph TI - Do Workers Gain by Sharing? Employee Outcomes under Employee Ownership, Profit Sharing, and Broad-based Stock Options JF - National Bureau of Economic Research Working Paper Series VL - No. 14233 PY - 2008 Y2 - August 2008 UR - http://www.nber.org/papers/w14233 L1 - http://www.nber.org/papers/w14233.pdf N1 - Author contact info: Douglas L. Kruse School of Management and Labor Relations Rutgers University 94 Rockafeller Road Piscataway, NJ 08854 Tel: 732/445-5991 Fax: 732/445-2830 E-Mail: kruse@smlr.rutgers.edu Richard B. Freeman NBER 1050 Massachusetts Avenue Cambridge, MA 02138 Tel: 617/868-3900 Fax: 617/868-2742 E-Mail: freeman@nber.org Joseph R. Blasi Rutgers University School of Management and Labor Relations 200 B Levin Building Rockefeller Road New Brunswick, NJ 08903 Tel: 732/445-5444 Fax: 732/445-2830 E-Mail: blasi@smlr.rutgers.edu M3 - presented at "Shared Capitalism Conference", October 6-7, 2006 AB - This paper examines how shared capitalism compensation systems - those that link employee pay to company performance - affect diverse employee outcomes. It uses two data sets: the national GSS survey that provides a broad representative view of the extent of the programs; and the NBER Shared Capitalism Project surveys of workers in 14 companies that use shared capitalism programs extensively. We find that greater involvement in the programs is generally linked to greater participation in decisions, higher quality supervision and treatment of employees, more training, higher pay and benefits, greater job security, and higher job satisfaction. We also find positive interactions of shared capitalism with high-performance policies in predicting participation in decisions and overall job satisfaction, and negative interactions of shared capitalism with close supervision in affecting almost all of the outcomes. Overall the results support the idea that workers can gain by sharing, but whether this happens is contingent on other workplace policies. ER -