This paper provides evidence on the incidence, scope and nature of employee participation in Korea. The key findings include: (i) the incidence of works councils (WCs) is higher than in most other countries; (ii) not all WCs are functioning well with a little less than 70% of Korean firms having...

By using new waves of a panel survey of Bulgarian firms with matching information for chief executives, evidence is presented on the determinants of chief executive compensation during 1992-1995. During that period, findings based on first difference models indicate that changes in CEO pay are...

This paper uses new Japanese panel data to estimate the impact of various human resource management practices (HRMP's) on productivity efficiency. These include information sharing devices, such as joint labor-management committees (JLMC's) and non-union employee associations (NUEA's), and...

The slowdown in productivity growth since the 1970s has led to increased interest in alternative compensation schemes—such as profit sharing and gainsharing—that might raise worker productivity and reduce turnover. In this working paper, Jones, Kato, and Pliskin summarize the rise in...

Using data for various years, including new data for 1973–84, the authors examine the scope, nature, determinants, and effects of Japanese employee stock ownership plans (ESOPs). In 1988, of firms listed on Japan's eight stock exchange markets, 91% had an ESOP, and the average...