This book is a collaborative effort of academics, researchers, and professionals from US, Mexico, Peru, Argentina, France, Spain, and Colombia. Its pages contribute to the construction of an economic democracy while promoting a movement that stimulates growth, strengthens businesses, contributes to improving wages and savings whilst dignifying workers and building social progress. Employee Ownership in … Read More
Question: What wealth building effects do ESOPS have for families of color? Wealth is the set of resources, held in many forms, which can be leveraged or invested for economic stability, security, and wellbeing. It is well known and broadly accepted that in the United States there is a significant gap between the wealth held … Read More
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.
The field of broad-based employee ownership within corporations is a specific application of the foundational topic of property ownership. It is situated at the intersection of a broad range of scholarly disciplines including economics, law, finance and management. Each discipline contributes vocabulary and distinctions describing this field. That broad spectrum of disciplinary inquiry is a … Read More
We continue to fail to adequately compensate most essential workers even as corporate profits remain high and wealth inequality and race and gender wealth gaps persist. Employee ownership has continued to emerge against this backdrop and across party lines as a potential strategy for building an economy where prosperity is more equitably shared. Awareness about … Read More
Employee ownership has attracted growing attention for its potential to improve economic outcomes for companies, workers, and the economy in general, and help reduce inequality. Over 100 studies across many countries indicate that employee ownership is generally linked to better productivity, pay, job stability, and firm survival—though the effects are dispersed and causation is difficult … Read More
An urgent and deeply resonant case for the power of workplace democracy to restore balance between economy and society. What happens to a society—and a planet—when capitalism outgrows democracy? The tensions between democracy and capitalism are longstanding, and they have been laid bare by the social effects of COVID-19. The narrative of “essential workers” has … Read More
Carta’s Equity 101 is a free, interactive course designed to help everyone learn the fundamentals of equity. The course breaks down the basics of equity into 10 interactive lessons, covering the fundamentals including receiving a grant, selling shares, and taxation. In about an hour, users can learn basic terms and useful information, beginning from the … Read More
The concentration of ownership by the very wealthy is supported by a financial system that enables them to acquire income-producing capital basically on credit whereas no such financing strategy is available to the mass of the population. A solution lies in creating a system whereby every individual has the right and opportunity to acquire income-producing … Read More
Worker cooperative practitioners and developers often claim that democratic worker ownership advances egalitarianism within and beyond the workplace, but most of the empirical evidence in the U.S. is based on ethnographic case studies or small-scale surveys. We leverage the first national survey about individuals’ experiences in these unique firms to ask if claims that co-ops … Read More
Free market capitalism is one of the great achievements of humankind, bringing prosperity and economic freedom to billions of people and contributing to a flowering of individual freedom and possibility that would have been unimaginable to our ancestors. Today, however, increasing global crises are posing the greatest threat this economic system has faced. Growing income … Read More
This two day seminar will examine a new form of Inclusive Capitalism founded on a broader distribution of capital acquisition and fuller employment. This two-day virtual event brought together professors of economics and other disciplines from numerous universities to discuss the creation of a teaching and research agenda centered around Inclusive Capitalism.
In this presentation to a business school class, Anne-Claire Broughton, Founder of the North Carolina Employee Ownership Center and Broughton Consulting, presents about employee ownership and pay fairness to Dr. Lynn Bowes-Sperry’s Business Ethics Course. Dr. Bowes-Sperry is Associate Professor of Management & Jack and Susan Acosta Endowed Chair at the California State East Bay … Read More
Laws in many countries mandate paying men and women equally when in similar jobs. Such laws, coupled with considerable organizational efforts, lead some scholars to contend that within-job pay inequality is no longer a source of the gender pay gap. This article argues important differences in a widely used form of pay heretofore overlooked in … Read More
This short book presents reflections from Father José María Arizmendiarrieta, the founder of the Mondragon worker-cooperative conglomerate in the Basque country of Spain. His reflections contain economic insights. But these aphorisms and fragments reveal that his central motivation was spiritual—not to the exclusion of the practical, but with the recognition that plutocratic capitalism, also, is … Read More
This study by Jared Bernstein looks at why there are not more ESOPs and considers how to address potential barriers to entry. Drawing on a survey of 250 non-ESOP business owners and leaders, as well as interviews with business owners of employee-owned companies, it argues that education and awareness about the ESOP structure is key.
This paper proposes that impact investors and other capital providers could catalyze employee ownership buyouts. Impact capital could become the lever used to redirect wealth into the hands of working Americans, creating a more just and equitable economy that is more resilient against future shocks. Investments in employee ownership buyouts could offer attractive midrange returns, … Read More
This is a list of datasets, all accessible to researchers, that enable the study of employee ownership.
The most fundamental tragedy of the coronavirus crisis is human. It is lives being lost. Somewhere close behind is the feeling of desperation shared by working people. In an economy where it is estimated that 50 percent of the labor force survives from paycheck to paycheck, we are facing an economic crisis of unprecedented proportions that exposes a fundamental flaw in our widely accepted idea of the relationship between working people and their places of work.
In this short video, Dr. Avner Ben-Ner describes his research on equity compensation and its effects. “Employee ownership is a complex and yet very simple straightforward idea.”
In this short video, Dr. Philip Mellizo describes his special research approach to studying employee ownership. “The way that I go about analyzing these questions is by developing controlled economic experimental studies.”
Dr. Avner Ben-Ner was recognized for his entire body of work at the 2020 Workshop in Honor of Louis O. Kelso. See slides from the presentation here. Avner Ben-Ner is a Professor in the Center for Human Resources and Labor Studies in the Carlson School of Management at the University of Minnesota and a Senior Scholar … Read More
Dr. Avner Ben-Ner was recognized for his entire body of work at the 2020 Workshop in Honor of Louis O. Kelso. See slides from the presentation using the Resource Link below. See the video presentation here. Avner Ben-Ner is a Professor in the Center for Human Resources and Labor Studies in the Carlson School of Management at … Read More
At the center of the ongoing debate about the causes and cures of inequality in America today is the vast difference in wealth between owners and workers. As many have noted, that gap was not nearly as large in the middle of the twentieth century as it has become in the first two decades of the 21st century, where owners and other executives make many multiples of what workers make – largely through grants of stock in lieu of salary.
From Ted Howard, co-founder of the Democracy Collaborative, and Marjorie Kelly, author of The Divine Right of Capital and Owning our Future, The Making of a Democratic Economy is a clarion call for a movement ready to get serious about transforming our economic system. Illuminating the principles of a democratic economy through the stories of on-the-ground community wealth builders and … Read More