Shared Capitalism Pilot Project

Many firms are experimenting with compensation schemes, such as share options or profit sharing, that give workers a more direct financial stake in the company. Some firms are also offering workers a greater say in decision-making. To support a pilot study of such "shared capitalism," a presidential award was made to Richard Freeman of the National Bureau of Economic Research and Douglas Kruse of Rutgers University. Freeman and Kruse will conduct a survey of employees across the country, mapping out the scope of "shared capitalism" and workers' attitudes towards it.