Sharing Ownership via Employee Stock Ownership

James C. Sesil, Douglas Kruse and Joseph R. Blasi

No DP2001-25, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Increased equity participation by employees has attracted substantial interest for its potential to affect both economic outcomes (e.g., worker and firm performance) and social outcomes (e.g., wealth and income inequality). This paper summarizes the findings from over 50 large-sample empirical studies that have been done on employee ownership and broad-based stock option plans in the past 25 years, covering studies on plan adoption, employee attitudes and behaviours, firm performance, and employee wages and wealth.

Keywords: Employee ownership; Labour costs; Right of property; Wealth (search for similar items in EconPapers)
Date: 2001
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