TY  - JOUR
AU  - Budd, John W
TI  - Does Employee Ignorance Undermine Shared Capitalism?
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 14236
PY  - 2008
Y2  - August 2008
DO  - 10.3386/w14236
UR  - http://www.nber.org/papers/w14236
L1  - http://www.nber.org/papers/w14236.pdf
N1  - Author contact info:
John W. Budd
Ctr for Human Resources & Labor Studies
University of Minnesota
3-300 Carlson School of Management
321 19th Avenue South
Minneapolis, MN  55455-0438
jbudd@umn.edu
E-Mail: jbudd@umn.edu
M1  - published as John W. Budd. "Does Employee Ignorance Undermine Shared Capitalism?," in Douglas L. Kruse, Richard B. Freeman and Joseph R. Blasi, editors, "Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-based Stock Options " University of Chicago Press (2010)

M3  - presented at "Shared Capitalism Conference", October 6-7, 2006
AB  - The potential of shared capitalism to improve individual and organizational performance through financial incentives depends on employees knowing about and participating in compensation plans that link rewards to performance. This paper therefore analyzes a survey of employees from multiple companies to assess the extent to which employees are ignorant about company, group, and individual-based incentive pay plans and ESOPs. The findings reveal significant amounts of employee ignorance in both under- and overstating the extent to which such plans apply to them individually.
ER  -