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Abstract:

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CEP Discussion Paper
Monitoring Colleagues at Work: Profit-Sharing, Employee Ownership, Broad-Based Stock Options and Workplace Performance in the United States
Joseph Blasi, Richard Freeman and Douglas Kruse August 2004
Paper No' CEPDP0647:
Full Paper (pdf)

This study seeks to increase our understanding of worker reactions to shirking by analyzing two new questions on shirking from the 2002 General Social Science Survey (GSS). We developed the questions in order to illuminate the factors that enable some shared capitalist enterprises to overcome the free rider or 1/N dilemma. Our guiding principle is the notion that for profit-sharing, worker ownership, and broad-based stock options to produce economic benefits, workers must “buy into” shared arrangements and create a workplace culture that discourages shirking.