Equality Under Threat by the Talented: Evidence from Worker-Managed Firms

Autor: Gabriel Burdín
Rok vydání: 2016
Předmět:
Zdroj: The Economic Journal. 126:1372-1403
ISSN: 0013-0133
Popis: 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.
Databáze: OpenAIRE
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