This course will cover the theory and evidence on compensation systems that link worker pay and wealth to company performance, which we’ll refer to collectively as "shared capitalism." The readings will cover a) the history and development of these plans, b) theories about where they will be optimal and what effects they may have on workers and firms, c) evidence on what factors lead firms to adopt these plans and workers to participate in them, d) evidence of the effects of these plans on workplace performance, e) evidence of the effects on worker outcomes, f) theory and evidence on employment behavior, and g) political theory and research on employee involvement.
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