Felix R. FitzRoy
Employee participation, job quality, and inequality
FitzRoy, Felix R.; Nolan, Michael A.
Dr Michael Nolan M.A.Nolan@hull.ac.uk
Senior Lecturer in Economics and Programme Director, BSc Economics and BA Business Economics
The purpose is to review the effects of employee participation (EP) in decision-making, ownership and profit on job quality, worker well-being and productivity, and derive policy recommendations from the findings.
The authors summarise results of “declining labour power”, plus theoretical arguments and empirical evidence for the benefits of EP for job quality, satisfaction and productivity.
Worker well-being and job satisfaction are ignored unless they contribute directly to profitability. EP is needed to remedy this situation when employers have market power and unions are weak. The result can be a rise in both productivity and well-being.
The chief issue here is that there are data limitations, particularly on the well-being effects of participation.
Lots of encouraging examples in many countries need legislative help to multiply.
It is quite possible that there could be major implications for welfare and employment.
The authors make the case for public sector subsidies for employee buyouts and new cooperative start-ups, as well as legislation for works councils and profit sharing.
FitzRoy, F. R., & Nolan, M. A. (in press). Employee participation, job quality, and inequality. Journal of Participation and Employee Ownership, https://doi.org/10.1108/jpeo-05-2020-0014
|Journal Article Type||Article|
|Acceptance Date||Aug 12, 2021|
|Online Publication Date||Sep 21, 2021|
|Deposit Date||Feb 4, 2022|
|Publicly Available Date||Oct 27, 2022|
|Journal||Journal of Participation and Employee Ownership|
|Peer Reviewed||Peer Reviewed|
|Keywords||Employee buyouts; Employee participation; Job quality; Inequality|
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