This paper, presented at the Rutgers-Oxford Employee Ownership Research Symposium in 2023 held at Kellogg College, University of Oxford, discusses the current state of employee ownership research and where it needs to go. The paper is written in an informal manner where the authors write in the first person.
There has been a great variety of employee ownership models in Europe. Some of the best examples are Marcora in Italy, Sociadades Laborales in Spain, Le FCPE de Reprise in France, and many unregulated ad hoc models set up by individual owners without any institutional support. None of those models, however, offers an effective and … Read More
Wages don’t cover the bills. Wealth inequality is growing. Social trust is eroding. There are endless debates about what to do, but one key factor is inexplicably left out: who owns the companies that drive the economy? Ownership matters. Ownership by a few means benefits for a few. But if you spread ownership around, you … Read More
Platform cooperatives make possible a more democratic digital economy. They offer an alternative to extractive “platform capitalism,” one based on cooperative principles such as democratic ownership and governance.
The Emilia-Romagna region in northern Italy has one of the highest concentrations of cooperative businesses in the developed world. The capital, Bologna is an industrial powerhouse, where prosperity is widely shared, and cooperatives of teachers and social workers play a key role in the provision of government services.
The authors investigate how worker-owned and capitalist enterprises differ with respect to wages, employment, and capital in Italy, the market economy with the greatest incidence of worker-owned and worker-managed firms.