 Share capitalism and worker wellbeingAlex Bryson, Andrew Clark, Colin Green () and Richard Freeman PSE-Ecole d'économie de Paris (Postprint) from HAL Abstract: We show that worker wellbeing is determined not only by the amount of compensation workers receive but also by how compensation is determined. While previous theoretical and empirical work has often been preoccupied with individual performance-related pay, we find that the receipt of a range of group-performance schemes (profit shares, group bonuses and share ownership) is associated with higher job satisfaction. This holds conditional on wage levels, so that pay methods are associated with greater job satisfaction in addition to that coming from higher wages. We use a variety of methods to control for unobserved individual and job-specific characteristics. We suggest that half of the share-capitalism effect is accounted for by employees reciprocating for the "gift"; we also show that share capitalism helps dampen the negative wellbeing effects of what we typically think of as "bad" aspects of job quality. Keywords: Job satisfaction; Wages; Compensation methods; Working conditions (search for similar items in EconPapers) Published in Labour Economics, 2016, 42, pp.151-158. ⟨10.1016/j.labeco.2016.09.002⟩ There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:halshs-01383778 DOI: 10.1016/j.labeco.2016.09.002 Access Statistics for this paper More papers in PSE-Ecole d'économie de Paris (Postprint) from HAL |
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