Does Employee Ignorance Undermine Shared Capitalism?

John W. Budd

NBER Working Paper No. 14236
Issued in August 2008

---- Acknowledgments ----

I am grateful to Richard Freeman, Doug Kruse, and Joseph Blasi for giving me the opportunity to write this paper, to Doug for his help with the data, and to Doug, Joseph, Brigitte Madrian, and seminar participants at the University of Minnesota and Iowa State University for helpful comments. An earlier version of this paper was presented at the NBER Shared Capitalism Research Conference in October 2006. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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