Wages , Employment , and Capital in Capitalist and Worker-Owned Firms

  title={Wages , Employment , and Capital in Capitalist and Worker-Owned Firms},
  author={John Pencavel and Luigi Pistaferri and Fabiano Schivardi},
WAGES, EMPLOYMENT, AND CAPITAL IN CAPITALIST AND WORKER-OWNED FIRMS John Pencavel, Luigi Pistaferri, and Fabiano Schivardi Differences in wages, employment, and capital between worker-owned and capitalist enterprises are computed from a matched employer-worker panel data set from Italy, the market economy with the greatest incidence of worker-owned and worker-managed firms. These observed differences are related to simple models of the behavior of the capitalist firm and worker co-op. The… CONTINUE READING

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