Grupos de Investigación |
Equality under threat by the talented: evidence from worker-managed firmsEditorial: The Economic Journal
Does workplace democracy engender greater pay equality? Are high-ability
individuals more likely to quit egalitarian organisational regimes? The
paper revisits this long-standing issue by analyzing the interplay
between compensation structure and quit behavior 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
paper's key findings are that (1) worker-managed firms have a more
compressed compensation structure than conventional firms; and (2)
high-ability members are more likely than other members to exit.
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