Equality under threat by the talented: : Evidence from worker-managed firms

• Autores: Gabriel Burdín
• Localización: Economic journal, ISSN 0013-0133, Vol. 126, Nº 594, 2016, págs. 1372-1403
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • Does workplace democracy engender greater pay equality? Are high-ability individuals more likely to quit egalitarian organisational regimes? The article revisits this long-standing issue by analysing the interplay between compensation structure and quit behaviour in the distinct yet underexplored institutional setting of worker-managed firms. The analysis is based on novel administrative data sources, which allow constructing a simple ordinal measure of the workers' ability type. The article's key findings are that worker-managed firms have a more compressed compensation structure than conventional firms, and high-ability members are more likely than other members to exit.