Alternative types of ownership and participatory managerial practices have recently been intensively debated. The Great Recession has revived interest in cooperative and labor-managed organizations. In addition, employee participation in decision-making and financial performance has consistently
attracted attention during the last 20 years. The articles in this Volume contribute to both of these topics. The first set of articles studies the relationship among business cycles, alternative forms of ownership, and employee voice. These papers take various theoretical and empirical approaches
and investigate many industries and countries. They show how the economic downturn is leading to increased incidence of employee ownership but also undermining employee voice by increasing the incidence of atypical employment. The second set of papers looks inside firms. The topics include the
relationship between ownership and innovation and how financial participation and group incentives affect employee attitudes and work effort. The contributions in this volume provide stimulating research in the broad area of participatory and labor-managed organizations.
This volume contains new important research on worker well-being. Topics include employment contracts, compensation schemes, worker productivity, retirement decisions, the demographic transition, time allocation, and child labor. Among the questions answered are: How important is incentive pay in
increasing worker productivity? Does monitoring productivity affect a worker's earnings trajectory? How is the decision to retire different in two-earner families compared to one-earner families? How did the evolution of the family affect men's and women's proclivities to work? Do welfare subsidies
encourage recipients to spend additional productive time with their children? Can property titles (land reform) affect child labor in less developed country settings?
Lorenzo Cappellari, Konstantinos Tatsiramos, Solomon W. Polachek
Research in Labor Economics 44 takes another in-depth and focussed look at Inequality. This time however it is tied in with well-being of the workforce. Research in Labor Economics volume 44 contains new and innovative research on the causes and consequences of inequality and
well-being of the work force.
This volume analyses employee participation in under- researched countries and whose economic institutions differ from the Anglo-American context. Part one of the volume is dedicated to China. In a context in which economic decisions made by companies are closely influenced by the political
institutions and practices, the extent to which Chief Executive Officers (CEOs) have the ability to make autonomous decisions is not to be taken for granted. The volume explores whether the executive labor market and firms' executive compensation practices differ from the Western context. Evidence
on the role of trade unions in Chinese companies is also analyzed. Part two of the volume includes empirical evidence from Europe, Japan, and Korea, and focuses on high-involvement work practices. The main questions that the volume addresses are the incidence and determinants of these practices and
their effects on firm performance. Evidence on the incidence contributes to understanding the importance of these practices in an international context, and the analyses on the determinants and effects help understand how the main trade-offs play out in different institutional contexts.