Chapter

Show Me the Money Does Shared Capitalism Share the Wealth?

Robert Buchele, Douglas L. Kruse, Loren Rodgers and Adria Scharf

in Shared Capitalism at Work

Published by University of Chicago Press

Published in print May 2010 | ISBN: 9780226056951
Published online February 2013 | e-ISBN: 9780226056968 | DOI: http://dx.doi.org/10.7208/chicago/9780226056968.003.0012
Show Me the Money Does Shared Capitalism Share the Wealth?

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This chapter addresses several questions surrounding employee stock ownership as a wealth-sharing tool. It discusses how much on average do employee owners own in “shared capitalist” firms (those with broad-based employee ownership, profit sharing, gain sharing, and/ or stock options). It explores how company stock distributed among employee-owners, which ownership structures distribute wealth most equitably, and how the distribution of employee stock ownership wealth compares to the distribution of wealth among US households. Further, the extent of employer stock substitute for other forms of compensation (higher pay and benefits) and for other forms of wealth is discussed. It also describes the effect of universal employee ownership of employer stock on the overall distribution of stock ownership and pension wealth in the United States. Results indicated that broad-based employee ownership may be raising wealth for many workers without unduly increasing worker risk.

Keywords: shared capitalism; stock options; wealth; United States; employee ownership; employee stock ownership; pension wealth; United States

Chapter.  11218 words.  Illustrated.

Subjects: Economic History

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