NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Does Employee Ignorance Undermine Shared Capitalism?

John W. Budd

NBER Working Paper No. 14236
Issued in August 2008
NBER Program(s):   LS

The potential of shared capitalism to improve individual and organizational performance through financial incentives depends on employees knowing about and participating in compensation plans that link rewards to performance. This paper therefore analyzes a survey of employees from multiple companies to assess the extent to which employees are ignorant about company, group, and individual-based incentive pay plans and ESOPs. The findings reveal significant amounts of employee ignorance in both under- and overstating the extent to which such plans apply to them individually.

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Document Object Identifier (DOI): 10.3386/w14236

Published: Does Employee Ignorance Undermine Shared Capitalism?, John W. Budd. in Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-based Stock Options , Kruse, Freeman, and Blasi. 2010

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