Found 26 article(s) for author 'Richard Freeman'

The Persistence of Colonial Laws: Why Rwanda is Ready to Remove Outdated Legal Barriers to Health, Human Rights, and Development

The Persistence of Colonial Laws: Why Rwanda is Ready to Remove Outdated Legal Barriers to Health, Human Rights, and Development.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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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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Weathering the Great Recession: Variation in Employment Responses by Establishments and Countries

Weathering the Great Recession: Variation in Employment Responses by Establishments and Countries. Richard Freeman, July 2016, Paper, “This paper finds that US employment changed differently relative to output in the Great Recession and recovery than in most other advanced countries or in the US in earlier recessions. Instead of hoarding labor, US firms reduced employment proportionately more than output in the Great Recession, with establishments that survived the downturn contracting jobs massively. Diverging from the aggregate pattern, US manufacturers reduced employment less than output while the elasticity of employment to gross output varied widely among establishments. In the recovery, growth of employment was dominated by job creation in new establishments. The variegated responses of employment to output challenges extant models of how enterprises adjust employment over the business cycle.” Link

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Filling the Advice Gap

Filling the Advice Gap. Richard Freeman, October 29, 2015, Opinion, “The Financial Advice Market Review will rely on advisers’ views, most notably on remedying the ‘advice gap’.  Earlier this month, the Treasury and FCA published their ‘call for input’ into the Financial Advice Market Review.  Pioneered by the financial secretary to the Treasury, Harriet Baldwin, the review has set out with the admirable objective of improving consumer access to financial advice. The government has issued an open invitation to advisers to submit opinion and evidence by 22 December which will inform any policy output for the review.Link

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