Wage differentials in cooperative enterprises and capitalist firms

• Autores: Jesús Clemente López, Millán Díaz Foncea, Carmen Marcuello Servós, Marcos Sanso Navarro
• Localización: La economía social, pilar de un nuevo modelo de desarrollo económico sostenible / CIRIEC España (dir. congr.), 2011, ISBN 9788495003850
• Idioma: inglés
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• Resumen

  • This paper focuses on wage differentials between cooperative enterprises and capitalist firms in order to contribute to the existing discussion in literature about of these differences, as well as to the establishment of their causes. We are using the classical Oaxaca’s (1973) decomposition technique, which allows to divide wage differentials between those caused by differences in worker´s characteristics and those caused by different payment that these characteristics receive. In addition, this is combined with quantile decomposition´s methodology (Gardeazabal and Ugidos, 2005), with which it is possible to know the distribution of workers rents.

    Results show cooperatives wages are lower than capitalist firms, although this wage gap is caused by characteristics of workers, but by remuneration that these characteristics receive, i.e. a worker with similar characteristics will be paid upper in a cooperative that in a capitalist firms.