The labor supply of self-employed workers: The choice of working hours in worker co-ops

Pencavel, John

doi:10.1016/j.jce.2014.10.001

Cited by 10 publications

(5 citation statements)

References 16 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…These results are consistent with other findings that LMFs generally respond to shocks by maintaining stable employment levels while allowing incomes to vary, rather than adjusting the quantities of inputs and outputs (Craig and Pencavel , Pencavel and Craig , Pencavel et al. , Burdín and Dean , Pencavel ). I regard the empirical results on LMF objective functions as disconfirming the WDV hypothesis.…”

Section: The Present (1993–2017)supporting

confidence: 91%

The Theory of the Labor‐managed Firm: Past, Present, and Future

Dow

2018

Ann Public Coop Econ

View full text Add to dashboard Cite

The economic theory of the labor-managed firm dates back 60 years.Here I review the intellectual history of this field, with critical remarks and proposals for future development. The decades of the 1960s-1980s saw a burst of theoretical speculation that generally did not hold up well under empirical scrutiny. By the 1990s, progress on the mainstream theory of the firm was overtaking some of this early research. At the same time, a growing body of econometric work on labor-managed firms was providing new stylized facts for theorists to explain. While the earlier period was characterized by an excess supply of theories relative to facts, more recently the balance has begun to tip in the opposite direction. I close by suggesting new theoretical directions that might shed light on the empirical asymmetries between capital-managed and labor-managed firms.

show abstract

Section: The Present (1993–2017)supporting

confidence: 91%

The Theory of the Labor‐managed Firm: Past, Present, and Future

Dow

2018

Ann Public Coop Econ

View full text Add to dashboard Cite

show abstract

“…This proves that partners also consider other objectives besides net income. Notable to this respect are the works of Craig and Pencavel (1993), Burdin and Dean (2009) and Pencavel (2015), which introduce employment in the production function to contrast the weight partners grant to maintaining employment as opposed to partner income. This result coincides with empirical studies showing that cooperatives have a greater capacity to create employment under depressed economic conditions.…”

Section: Theoretical Debatementioning

confidence: 99%

Democratic firms and economic success. The co-op model

Casal¹,

Malvido²,

Fontaíña³

2019

REVE

View full text Add to dashboard Cite

This paper analyzes how co-operative principles, particularly democratic management, affect the co-op’s economic objective. The theoretical model specifies the characteristics presented by the production function so democracy generates positive net income. Costs derived from maintaining the one person one vote criterion are explicitly incorporated into this function upon new membership. The results show that democracy contributes to the economic success when the decision-making strategy followed by the partners considers all cooperative principles, especially when a retained earnings policy is regularly applied. This study can be extended to all of Social Economy firms concerned about reinforcing democratic institutions through the business sector. This study can be extended to all of Social Economy firms concerned about reinforcing democratic institutions through the business sector.

show abstract

“…Empirical evidence suggests that longer working hours tend to decrease workers' productivity. In a recent study, Pencavel (2015) used data from the production of munitions in Britain during the First World War and found that employees working long hours experienced fatigue and were less productive. Similarly, Collewet and Sauermann (2017) studied the productivity of call center agents and found that an increase in their working hours led to an increase in the average handling time for calls.…”

Section: Evidence On Multiple Job Holdingmentioning

confidence: 99%

Do Multiple School Jobs Affect Teacher Performance?: Evidence from Brazil

Elacqua¹,

Marotta²

2019

View full text Add to dashboard Cite

Any dispute related to the use of the works of the IDB that cannot be settled amicably shall be submitted to arbitration pursuant to the UNCITRAL rules. The use of the IDB's name for any purpose other than for attribution, and the use of IDB's logo shall be subject to a separate written license agreement between the IDB and the user and is not authorized as part of this CC-IGO license. Following a peer review process, and with previous written consent by the Inter-American Development Bank (IDB), a revised version of this work may also be reproduced in any academic journal, including those indexed by the American Economic Association's EconLit, provided that the IDB is credited and that the author(s) receive no income from the publication. Therefore, the restriction to receive income from such publication shall only extend to the publication's author(s). With regard to such restriction, in case of any inconsistency between the Creative Commons IGO 3.0 Attribution-NonCommercial-NoDerivatives license and these statements, the latter shall prevail. Note that link provided above includes additional terms and conditions of the license. The opinions expressed in this publication are those of the authors and do not necessarily reflect the views of the Inter-American Development Bank, its Board of Directors, or the countries they represent.

show abstract

The labor supply of self-employed workers: The choice of working hours in worker co-ops

Cited by 10 publications

References 16 publications

The Theory of the Labor‐managed Firm: Past, Present, and Future

The Theory of the Labor‐managed Firm: Past, Present, and Future

Democratic firms and economic success. The co-op model

Do Multiple School Jobs Affect Teacher Performance?: Evidence from Brazil

Contact Info

Product

Resources

About