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Share capitalism and worker wellbeing.

ABSTRACT: We show that worker wellbeing is determined not only by the amount of compensation workers receive but also by how compensation is determined. While previous theoretical and empirical work has often been preoccupied with individual performance-related pay, we find that the receipt of a range of group-performance schemes (profit shares, group bonuses and share ownership) is associated with higher job satisfaction. This holds conditional on wage levels, so that pay methods are associated with greater job satisfaction in addition to that coming from higher wages. We use a variety of methods to control for unobserved individual and job-specific characteristics. We suggest that half of the share-capitalism effect is accounted for by employees reciprocating for the "gift"; we also show that share capitalism helps dampen the negative wellbeing effects of what we typically think of as "bad" aspects of job quality.

SUBMITTER: Bryson A

PROVIDER: S-EPMC5512719 | biostudies-literature | 2016 Oct

REPOSITORIES: biostudies-literature

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Share capitalism and worker wellbeing.

Bryson Alex A Clark Andrew E AE Freeman Richard B RB Green Colin P CP

Labour economics 20160914

We show that worker wellbeing is determined not only by the amount of compensation workers receive but also by how compensation is determined. While previous theoretical and empirical work has often been preoccupied with individual performance-related pay, we find that the receipt of a range of group-performance schemes (profit shares, group bonuses and share ownership) is associated with higher job satisfaction. This holds conditional on wage levels, so that pay methods are associated with grea ...[more]

PMID: 28725118

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Project description:Human personality may substantially affect the nature of care provided to dependants. This link has been well researched in parents and children, however, relatively little is known about this dynamic with regards to humans' relationships with non-human animals. Owner interactions with companion animals may provide valuable insight into the wider phenomenon of familial interactions, as owners usually adopt the role of primary caregiver and potentially surrogate parent. This study, using cats as an exemplar, explored the relationship between owner personality and the lifestyles to which cats are exposed. In addition, it explored owner personality as it related to reported cat behaviour and wellbeing. Cat owners (n = 3331) responded to an online survey examining their personality and the health, behaviour and management of their cats. Owner personality was measured using the Big Five Inventory (BFI) to assess: Agreeableness, Conscientiousness, Extroversion, Neuroticism and Openness. Owners also provided information concerning the physical health, breed type, management and behavioural styles of their cats. Generalised linear mixed models were used to identify relationships between owner personality and a range of factors that may have welfare implications for the wider companion animal population, and specifically, cats. Higher owner Neuroticism was associated with an increased likelihood of non-pedigree rather than pedigree cat ownership, a decreased likelihood of ad libitum access to the outdoors, cats being reported as having a 'behavioural problem', displaying more aggressive and anxious/fearful behavioural styles and more stress-related sickness behaviours, as well as having an ongoing medical condition and being overweight. Other owner personality traits were generally found to correlate more positively with various lifestyle, behaviour and welfare parameters. For example, higher owner Extroversion was associated with an increased likelihood that the cat would be provided ad libitum access to the outdoors; higher owner Agreeableness was associated with a higher level of owner reported satisfaction with their cat, and with a greater likelihood of owners reporting their cats as being of a normal weight. Finally higher owner Conscientiousness was associated with the cat displaying less anxious/fearful, aggressive, aloof/avoidant, but more gregarious behavioural styles. These findings demonstrate that the relationship between carer personality and the care received by a dependent, may extend beyond the human family to animal-owner relationships, with significant implications for the choice of management, behaviour and potentially the broader wellbeing of companion animals.

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Share capitalism and worker wellbeing.

Publications

Share capitalism and worker wellbeing.

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