Found 18 article(s) for author 'Richard Freeman'

Share Capitalism and Worker Wellbeing

Share Capitalism and Worker Wellbeing. Richard Freeman, February 2015, Paper. “We show that worker wellbeing is not only related to the amount of compensation workers receive but also how they receive it. While previous theoretical and empirical work has often been pre-occupied with individual performance-related pay, we here demonstrate a robust positive link between the receipt of a range of group performance schemes (profit shares, group bonuses and share ownership) and job satisfaction. Critically, this relationship remains after conditioning on wage levels, which suggests these pay methods provide utility to workers in addition to that through higher wages…Link

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Employee Stock Ownership and Profit Sharing in the New Era of Financialization and Inequality in the Distribution of Capital Income

Employee Stock Ownership and Profit Sharing in the New Era of Financialization and Inequality in the Distribution of Capital Income. Richard Freeman, 2015, Paper. “Concentration of capital ownership in the hands of a few contributes massively to income and wealth inequality in the United States and in the rest of the world. As capital’s share of national output has risen, inequality in capital ownership has become an even greater…Link

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Knowledge, Knowledge … Knowledge for My Economy

Knowledge, Knowledge … Knowledge for My Economy. Richard B. Freeman, November 2014, Paper. “The creation and application of scientific and technological (S&T) knowledge is arguably the “one ring that rules them all” in modern economies (Freeman, 2014). It is hard to imagine anything contributing more to the trend rise in living standards and longer and healthier lives than advances in S&T knowledge and its application to the production of goods and services. Once viewed as the exclusive province of advanced countries, the creation of S&T knowledge and development of S&T based business innovations has spread to developing countries…”  Link

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It’s Where You Work: Increases in Earnings Dispersion across Establishments and Individuals in the U.S.

It’s Where You Work: Increases in Earnings Dispersion across Establishments and Individuals in the U.S. Richard Freeman, August 2014, Paper. “This paper links data on establishments and individuals to analyze the role of establishments in the increase in inequality that has become a central topic in economic analysis and policy debate. It decomposes changes in the variance of log earnings among individuals into the part due to changes in earnings among establishments and the part due to changes in earnings within-establishments and finds that much of the 1970s-2010s increase in earnings inequality results from increased dispersion of the earnings among the establishments where individuals work. It also shows that the divergence of establishment earnings occurred within and across industries and was associated with increased variance of revenues per worker. Our results direct attention to the fundamental role of establishment-level pay setting and economic adjustments in earnings inequality.Link

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How Does China’s New Labour Contract Law Affect Floating Workers?

How Does China’s New Labour Contract Law Affect Floating Workers? Richard Freeman, February 2014, Paper. “China’s new Labor Contract Law took effect on January 2008 and required firms to give migrant workers written contracts, strengthened labor protections for workers and contained penalties for firms that did not follow the labor code. This paper uses survey data of migrant workers in the Pearl River Delta before and after the law and a retrospective question on when workers received their first labor contract to assess the effects of the law on labor outcomes. The evidence shows that the new law increased the percentage of migrant workers with written contracts, which in turn raised social insurance coverage, reduced the likelihood of wage arrears, and raised the likelihood that the worker had a union at their workplace …Link

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One Ring to Rule Them All? Globalization of Knowledge and Knowledge Creation

One Ring to Rule Them All? Globalization of Knowledge and Knowledge Creation. Richard Freeman, August 2013, Paper. “This paper directs attention at the globalization of knowledge and knowledge creation as the fundamental global driver of economic outcomes in today’s information economy. It documents the globalization of knowledge and spread of scientific research from advanced to developing countries and argues that these developments undermine trade models in which advanced countries invariably have…” Link Verified October 11, 2014

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Employee Perceptions of Working Conditions and the Desire for Worker Representation in Britain

Employee Perceptions of Working Conditions and the Desire for Worker Representation in Britain. Richard Freeman, 2013, Paper. “This paper explores the link between employee perceptions of working conditions and the desire for worker representation in Britain and the US. We find that the distribution of employee perceptions of poor working conditions is similar in Britain and the US; similar factors affect the number of perceived poor working conditions; and the perception of poor working conditions is strongly associated with…” Link Verified October 11, 2014

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Do Broad-based Employee Ownership, Profit Sharing and Stock Options Help the Best Firms Do Even Better?

Do Broad-based Employee Ownership, Profit Sharing and Stock Options Help the Best Firms Do Even Better? Richard Freeman, 2011, Paper, “This article analyses the linkages among group incentive methods of compensation (broad-based employee ownership, profit sharing and stock options), labour practices, worker assessments of workplace culture, turnover and firm performance in firms that applied to the ‘100 Best Companies to Work For in America’ competition from 2005 to 2007. Although employers with good labour practices self-select into the 100 Best Companies firms sample…Link

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