Employee ownership: a view from the lab

Philip Mellizo

International Review of Applied Economics, 2025, vol. 39, issue 4-5, 717-730

Abstract: This review article provides evidence from the experimental economics literature that advances our understanding of three common personnel economic themes made in the study of employee ownership. Theorists must invoke a behavioural model to analyse how individuals might respond to a given set of firm institutions, yet our current understanding of what this behavioural model is, or should be, is in flux. Further, conventional empirical analysis often draws from data that is insufficiently disaggregated, and prone to biases stemming from self-selection and unobservable heterogeneity. Experiments complement theory by aiding in the development of new behavioural foundations, and they also complement conventional empirical analysis, particularly in cases where naturally occurring data does not exist.

Date: 2025
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DOI: 10.1080/02692171.2024.2433430

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