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Exploring the Benefits of Employee Share Ownership
Abstract
This chapter asks a foundational question: How and to what extent do employee shareowners benefit from holding an equity stake in their companies? Using the U.S. General Social Survey (GSS) it examines outcomes such as income, wealth, employment stability, fringe benefits, and retirement security. Additionally, it explores how likely employee shareowners are to participate in company-sponsored training, problem-solving teams, and decision-making processes. This chapter offers an update to previous studies that used GSS data. It embeds the findings within discussions of employment precarity and economic inequality, providing a framework for understanding how workplace arrangements are connected to democratic theory. To contextualize the results, the outcomes for employee shareowners are compared to those of traditional workers and union members. The chapter finds that employee share ownership offers benefits that surpass those of traditional workers and are comparable to, or greater than, those provided by union membership.
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