Economics at your fingertips  

Towards Economic Democracy and Social Justice: Profit Sharing, Co-Determination, and Employee Ownership

Felix FitzRoy () and Michael A. Nolan ()
Additional contact information
Felix FitzRoy: University of St. Andrews
Michael A. Nolan: University of Hull

No 13238, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Modern economies deprive workers of natural democratic rights and any share of the surplus they produce, with most of the benefits of growth appropriated by capital owners. Worker wellbeing and job satisfaction are ignored unless they contribute directly to profitability, while precarious employment and underemployment, with stagnant or declining real wages, have persisted over four decades, despite recent low official unemployment. For economic democracy and social justice, we propose redistributive tax and welfare reform, extended codetermination, subsidised profit sharing and employee buyouts.

Keywords: economic democracy; participation; co-determination; profit sharing; employee ownership (search for similar items in EconPapers)
JEL-codes: H P (search for similar items in EconPapers)
Pages: 30 pages
Date: 2020-05
New Economics Papers: this item is included in nep-hme and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().

Page updated 2024-02-20
Handle: RePEc:iza:izadps:dp13238