worker cooperatives have positive impacts on both firm productivity and employee welfare; there is a lot more research showing that worker ownership is modestly better than regular capitalist ownership
This is causal language, but as far as I can tell (at least per the 2nd paper) the studies are all correlational? By default I’m very skeptical of ability to control for confounders in a correlational analysis here. Are there any studies with a more robust way to infer causation?
This is causal language, but as far as I can tell (at least per the 2nd paper) the studies are all correlational? By default I’m very skeptical of ability to control for confounders in a correlational analysis here. Are there any studies with a more robust way to infer causation?
The 1st paper says that the studies generally do a good job of ruling out reverse causality through econometric techniques.
Don’t know for management. For employee ownership some of the studies in https://www.nber.org/books/krus08-1 unpack the causal stories of benefits.