Joseph R. Blasi

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This paper examines whether broad-based worker ownership and profit sharing could be expanded to the entire economy. First, it provides a brief overview of the problem and the rationale for the solution proposed. The problem is that capital ownership and capital income are highly concentrated in a very small group in American society. This suggests that a(More)
What enables some employee ownership firms to overcome the free rider problem and motivate employees to improve performance? This study analyzes the role of human resource policies in the performance of employee ownership companies, using employee survey data from 14 companies and a national sample of employee-owners. Between-firm comparisons of 11 ESOP(More)
This study seeks to increase our understanding of worker reactions to shirking by analyzing two new questions on shirking from the 2002 General Social Science Survey (GSS). We developed the questions in order to illuminate the factors that enable some shared capitalist enterprises to overcome the free rider or 1/N dilemma. Our guiding principle is the(More)
Embracing finance, economics, operations research, and computers, this book applies modern techniques of analysis and computation to find combinations of securities that best meet the needs of private or institutional investors. Financial economics making sense of information in financial markets, Brian Kettell, 2001, Business & Economics, 508 pages. In the(More)
We analyze the effects of employee ownership, profit and gain sharing, and broad-based stock options (―shared capitalism‖) on employee attitudes, turnover, and performance among applicants to the ―100 Best Companies to Work For in America‖ competition. The dataset includes company surveys filled out by 780 firms for 1312 firm-year observations over 2005 to(More)
Group incentive systems have to overcome the free rider or 1/N problem, which gives workers an incentive to shirk, if they are to succeed. This paper uses new questions on responses to shirking from the General Social Survey and a special NBER survey of workers in 14 companies and over 300 worksites with some form of group incentive pay to examine how well(More)
Over the past two decades, public higher education has become widely recognized for its contribution to socioeconomic adjustment. This paper probes its evolution in two large and affluent democracies, the United States and Germany, whose higher education systems represent distinct ideal types. The analysis argues that public authorities in both countries(More)