Buchele, Robert; Kruse, Douglas L.; Rodgers, Loren; … - 2022
This paper examines the effect of a variety of employee ownership programs on employees' holdings of their employers …,600 of employer stock, compared to $52,800 in the NBER sample. Employee owners in NBER companies with broad-based ownership …-owners and non-owners within datasets -- of substitution of company stock ownership for pay or benefits. Moreover, our analysis …