Found 28 article(s) for author 'Richard Freeman'

Journal of Participation and Employee Ownership (JPEO) in the changing world of participative work practices and pay

Journal of Participation and Employee Ownership (JPEO) in the changing world of participative work practices and pay. Richard Freeman, 2018, Paper, “Work practices and modes of pay have changed in recent decades. The combination of an increasingly educated work force, new information and communication technologies, the influx of AI and big data into business practices from production and sales to human resources, the increased importance of teamwork and the growth of non-standard work arrangements which blur the distinction between labor contracts and sales contracts, has combined with globalization of production to create a wide diversity in the way firms, workers, unions and governments interact within organizations and in the broader labor market.Link

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The Persistence of Colonial Laws: Why Rwanda is Ready to Remove Outdated Legal Barriers to Health, Human Rights, and Development

The Persistence of Colonial Laws: Why Rwanda is Ready to Remove Outdated Legal Barriers to Health, Human Rights, and Development. Richard Freeman, Agnes Binagwaho, June 10, 2018, Paper, “Rwanda has earned a reputation as a trailblazer among developing nations. Especially in the health sector, it is often the early-adopter of international recommendations and new technologies. Yet at times, Rwanda’s momentum is impeded when it must grapple with a challenge that post-colonial societies commonly face: the persistence of colonial laws. When left in force, these legal vestiges, once designed to oppress and subordinate, can rear their head at unexpected moments, causing delays in policy implementation, uncertainty, or unjust outcomes.Link

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Ownership when AI robots do more of the work and earn more of the income

Ownership when AI robots do more of the work and earn more of the income. Richard Freeman, May 2, 2018, Paper, “The purpose of this paper is to examine the likely impact of AI robotics technology on the labor market through the lens of comparative advantage. Design/methodology/approach The first section reviews the recent success of AI in outperforming humans in cognitive intense activities such as Go, poker and other strategic games, which portends a shift in comparative advantage in human brain power work to machines. It notes the potential for a portfolio of specialized computer algorithms to compete with human general intelligence in work. The analysis contributes to the debate between economists dubious about claims that AI robotics will disrupt work and futurists who expect many jobs to be fully automated in coming years. It advances three “laws of robo-economics” to guide thinking about the new technologies and presents evidence that growing robot intensity has begun to impact the job market.Link

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Evidence: What the U.S. Research Shows about Worker Ownership

Evidence: What the U.S. Research Shows about Worker Ownership. Richard Freeman, 2017, Paper, “The Oxford Handbook of Mutual, Co-operative, and Co-Owned Business investigates all types of ‘member owned’ organizations, whether consumer co-operatives, agricultural and producer co-operatives, worker co-operatives, mutual building societies, friendly societies, credit unions, solidarity organizations, mutual insurance companies, or employee-owned companies. Such organizations can be owned by their consumers, the producers, or the employees – whether through single-stakeholder or multi-stakeholder ownership. This complex set of organizations is named differently across countries: from ‘mutual’ in the UK, to ‘solidarity cooperatives’ in Latin America.Link

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Having a Stake: Evidence and Implications for Broadbased Employee Stock Ownership and Profit Sharing

Having a Stake: Evidence and Implications for Broadbased Employee Stock Ownership and Profit Sharing. Richard Freeman, May 28, 2017, Paper, “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.Link

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Share Capitalism and Worker Wellbeing

Share Capitalism and Worker Wellbeing. Richard Freeman, 2016, 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. These findings survive a variety of methods aimed at accounting for unobserved
individual and job-specific characteristics.Link 

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Shared Capitalism: What is it and What Does it Do?

Shared Capitalism: What is it and What Does it Do? Richard Freeman, December 2016, Paper, “We all know that people respond to incentives. Economics 101 teaches that workers put forth greater effort when these efforts are rewarded financially, and top talent tends to gravitate toward jobs and firms where rewards are geared to performance. For the most part, however, the research that’s led us to these conclusions has focused on performance incentives for individual workers, such as piece rates, merit pay, individual commissions, or bonuses.Link

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Augmenting the Human Capital Earnings Equation with Measures of Where People Work

Augmenting the Human Capital Earnings Equation with Measures of Where People Work. Richard Freeman, August 2016, Paper, “We augment standard log earnings equations for workers in US manufacturing with variables reflecting measured and unmeasured attributes of their employer. Using panel employee-establishment data, we find that establishment-level employment, education of coworkers, capital equipment per worker, and firm-level R&D intensity affects earnings substantially. Unobserved characteristics of employers captured by employer fixed effects also contribute to the variance of log earnings, although less than unobserved characteristics of individuals captured by individual fixed effects. The observed and unobserved measures of employers mediate the effects of individual characteristics on earnings and increase earnings inequality through sorting of workers among establishments.Link

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