The productivity effects of worker participation: Producer cooperatives in western economies |
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| Affiliation: | 1. School of Civil Engineering and Transportation, South China University of Technology, Guangzhou 510640, PR China;2. State Key Laboratory of Subtropical Building Science, South China University of Technology, Guangzhou 510640, PR China;3. School of Engineering, University of Liverpool, Liverpool L69 3GH, UK;1. University College London, United Kingdom;2. OECD Economics Department, France |
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| Abstract: | The paper presents econometric estimates of productivity effects of various forms of worker participation in Western producer cooperatives. While the effects vary across institutional settings, the overall effect is found to be positive. The positive effects are found most uniformly with respect to profit sharing and, to a slightly lesser extent, individual capital (share) ownership and participation in decision-making by workers. The size of individual worker loans to the coop is unrelated to productivity, while collective capital ownership exhibits an insignificant or a negative productivity effect. |
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