Smlr_net October 2011

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EPRN: An Uneven Road, Then a Cliff
by Eugene McElroy 13 Oct '11

13 Oct '11

An Uneven Road, Then a CliffAuthored by: Harry Holzer and Marek Hlavac Employment Policy Reseach Network link o full text of paper:* http://www.employmentpolicy.org/topic/10/research/uneven-road-then-cliff* * **"Following the boom period of 1995-2000, most American workers either treaded water or lost ground on earnings from 2000 to 2007. (An exception: Women's wages grew by 10.3 percent on aveage, with larger gains for the highly educated.) Employers were able to meet the growing demand for goods and services without much growth in hiring, in part due to technological changes, globalization and offshoring. The Great Recession had very profound impacts on employment, particularly among the young, less-educated, minority and especially male workers who had already lost jobs during the 2000-07 cycle. Workers in the Midwest, which lost huge numbers of manufacturing jobs, and in the West, where the housing bubble burst the most, suffered annual unemployment rates near 10 percent. ..." * -- Eugene McElroy Library Associate School of Management and Labor Relations SMLR Library Rutgers University 50 Labor Center Way New Brunswick, NJ 08901 (732) 932-9513

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[IWS] Census: PUBLIC PENSION ASSETS--2009 State & Local Public-Employee Retirement Systems Data [13 October 2011]
by Eugene McElroy 13 Oct '11

13 Oct '11

Census *2009 State & Local Public-Employee Retirement Systems Data* [13 October 2011] http://www.census.gov/govs/retire/ Press Release 13 October 2011 *Census Bureau Reports Public Pension Assets Decline Over $726 Billion for State and Local Public Employee Retirement Systems in 2009 *http://www.census.gov/newsroom/releases/archives/governments/cb11-173.html The nation's state and local public employee retirement systems had $2.5 trillion in total cash and investment holdings in 2009, a $726.1 billion or 22.7 percent decrease from $3.2 trillion in 2008, according to new statistics from the U.S. Census Bureau. This follows a $176.7 billion loss the previous year. These statistics come from the *2009 State and Local Public Employee Retirement Systems Survey <http://www.census.gov/govs/retire/>*, which provides an annual look at the financial activity and membership information of the nation's state and local public employee retirement systems, including revenues, expenditures, investment holdings and number of retirement systems. Receipts Losses on investments totaled $633.4 billion in 2009; nearly $600 billion more than in 2008 when losses totaled $38.9 billion. Retirement systems have substantial investments in financial markets and consequently earnings are dependent on changes in market performance. Employee contributions increased 7.0 percent in 2009, to $39.5 billion. Government contributions increased 4.5 percent to $86.1 billion with local government contributions increasing 10.0 percent, offsetting a 2.6-percent decline in state government contributions. Payments Total payments increased 4.0 percent, from $193.7 billion in 2008 to $201.5 billion in 2009, because of an increase in benefit payments, which rose 6.7 percent to $187.0 billion. Cash and Investment Holdings In 2009, most investment categories showed decreases. Corporate stocks dropped 29.8 percent from $1.2 trillion in 2008 to $808.9 billion in 2009. Corporate stocks comprised 32.8 percent of total holdings in 2009. Increases were seen only in cash and short-term investments, real property, and mortgages, which in total comprised 9.1 percent of total cash and investment holdings. Data are shown for revenues, expenditures, cash and investments, and membership information by national, state and local levels, in addition to a national summary table. -X- **************************************** Stuart Basefsky Director, IWS News Bureau Institute for Workplace Studies Cornell/ILR School 16 E. 34th Street, 4th Floor New York, NY 10016 Telephone: (607) 262-6041 Fax: (607) 255-9641 E-mail: smb6(a)cornell.edu **************************************** Eugene McElroy Library Associate School of Management and Labor Relations SMLR Library Rutgers University 50 Labor Center Way New Brunswick, NJ 08901 (732) 932-9513

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Discipline and Grievance Handling in the Public Sector October 20 at Rutgers
by Eugene McElroy 13 Oct '11

13 Oct '11

Having trouble viewing this email? Click here <http://campaign.r20.constantcontact.com/render?llr=zq5phugab&v=001EbGq4AQcE…> [image: Rutgers] *P*ublic Sector Labor Relations *Certificate Program * *Courses* *Discipline and Grievance Handling<#132fde5d28613891_LETTER.BLOCK15> **Collective Negotiations <#132fde5d28613891_LETTER.BLOCK16>**Public Sector Grievance Arbitration <#132fde5d28613891_LETTER.BLOCK19>**Scope of Negotiations <#132fde5d28613891_LETTER.BLOCK20>**Contract Interpretation<#132fde5d28613891_LETTER.BLOCK21> **Contract Interpretation <#132fde5d28613891_LETTER.BLOCK22>* *Certificate Requirement * *Completion of six courses is required for receiving the certificate. Students may enroll at any time.* *Credits Available * *New Jersey Mandatory Continuing Legal Education (NJ MCLE) - 6 hours * *Continuing Education Units (CEUs) -* *.5** CEU*s *Location * *Labor Education Center<http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108112544598&s=2960&e=001UDr5xd…> 50 Labor Center Way<http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108112544598&s=2960&e=001UDr5xd…> Rutgers University<http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108112544598&s=2960&e=001UDr5xd…> New Brunswick, NJ<http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108112544598&s=2960&e=001UDr5xd…> * *Fee and Registration **$220 per course*. *On-line registration and payment are required. Click on each course name to register.* *Contact Us * *Call (732) 932- 9504 or email <learn(a)work.rutgers.edu> . * *Quick Links* *Register Now<http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108112544598&s=2960&e=001UDr5xd…> * *More about Instructors<http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108112544598&s=2960&e=001UDr5xd…> * * More about LEARN<http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108112544598&s=2960&e=001UDr5xd…> * *Questions? Call (732) 932- 9504 or email <learn(a)work.rutgers.edu>. * [image: LEARN] *Join Our List*[image: Find us on Facebook]<http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108112544598&s=2960&e=001UDr5xd…> [image: Join Our Mailing List]<http://visitor.r20.constantcontact.com/email.jsp?m=1106633030169> [image: Forward this email to a Friend]<http://ui.constantcontact.com/sa/fwtf.jsp?m=1106633030169&a=1108112544598&e…> *F*all 2011 - Spring 2012 *Gain key employment relations skills to prevent labor disputes, support conflict resolution, and promote collective negotiation* Collective bargaining plays a vital role in public sector employment relations in New Jersey. The Public Sector Labor Relations Certificate Program provides high-quality, relevant courses to help labor relations practitioners and employer/employee advocates gain critical skills to prevent labor disputes, support effective conflict resolution, and promote collective negotiation. Catered to both labor and management representatives at all levels of government - whether state, county, or municipal - the curriculum ensures that participants will acquire an in-depth understanding of key labor and employment issues. This program is a partnership between the New Jersey Public Employment Relations Commission (PERC) and Labor Education and Research Now (LEARN) in the School of Management and Labor Relations at Rutgers, the State University of New Jersey. *F*all 2011 Discipline and Grievance Handling in the Public Sector<http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108112544598&s=2960&e=001UDr5xd…> *October 20, 9 a.m. to 4 p.m.* *Instructor: Joyce M. Klein* This course will examine the grievance procedure, employee and employer rights and responsibilities, standards of just cause and their application to real life cases, and the burden of proof. Participants will discuss how to resolve grievances at the lowest level and will be given a brief overview of the arbitration hearing process. Collective Negotiations in the Public Sector<http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108112544598&s=2960&e=001UDr5xd…> ****New Date*** November 4, 9 a.m. to 4 p.m.* *Instructor: Joel M. Weisblatt* * * This introductory course provides the basic knowledge necessary to prepare for and conduct collective negotiations in the public sector. It will examine the structure of public sector bargaining, with a focus on recent trends; scope of negotiations; basic "costing out"; preparations for negotiations; and impasse procedures. Participants will receive useful tactical hints. PERC Procedures and Rules<http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108112544598&s=2960&e=001UDr5xd…> *December 13, 9 a.m. to 4 p.m.* *Instructor: Don Horowitz * * * This introductory course will review the basic procedures for the filing of petitions and charges with PERC. Topics include filing unfair practice charges; and filing petitions regarding representation issues, scope of negotiations issues, notices of impasse requesting mediation, as well as petitions requesting interest and grievance arbitration. Spring 2012 Public Sector Grievance Arbitration <http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108112544598&s=2960&e=001UDr5xd…> *February 16, 9 a.m. to 4 p.m.* *Instructor: Joan Parker * * * This seminar is designed to increase the practitioner's skills in preparing for and presenting grievance arbitration cases. Major subjects discussed include preparing for arbitration, the hearing, presenting a case, standards for just cause, evidence, criteria for contract interpretation, remedies, the arbitration decision, and different arbitration systems. This interactive class also includes a film. Scope of Negotiations<http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108112544598&s=2960&e=001UDr5xd…> *March 15, 9 a.m. to 4 p.m.* *Instructor: Don Horowitz * * * This course will address all aspects of the scope of negotiations in New Jersey's public sector. It will trace the legislative, judicial, and PERC developments that have impacted the issues that can and must be the subjects of collective negotiations and grievance arbitration. The class will also examine how PERC decides the scope of negotiations in particular cases. Contract Interpretation<http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108112544598&s=2960&e=001UDr5xd…> *April 19, 9 a.m. to 4 p.m.* *Instructor: Steven Weissman and Management Advocate * * * This class will examine how the meaning and enforceability of contract language negotiated under the N.J. Employer-Employee Relations Act has evolved notably over the last 40 years, and how court decisions, arbitrators' opinions, and PERC rulings have served to establish a set of principles and guidelines for negotiating binding contract language in the public sector. Participants will learn the processes and procedures of enforcing and interpreting contract provisions, from both labor and management perspectives. Contract Interpretation<http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108112544598&s=2960&e=001UDr5xd…> *May 17, 9 a.m. to 4 p.m.* *Instructor: Saul A. Rubinstein * * * Although labor relationships are rooted in underlying, fundamental conflicts of interest, there exist many techniques for reducing dysfunctional conflict. This class will expose participants to interest-based and other problem-solving techniques that can be used in grievances, at the bargaining table, and every day in the workplace. It also will examine models of labor-management cooperation in the public sector, and participants will learn through role playing and hands-on exercises. [image: Diploma] Congratulaions! Public Sector Labor Relations Program Certificate of Achievement Award Ceremony May 11, 2012 Labor Education Center Rutgers, The State University of New Jersey 50 Labor Center Way New Brunswick, NJ 08901 <http://visitor.constantcontact.com/do?p=un&mse=001ud8mz_jvjBTcYW12gjP4a7lEf…> <http://www.constantcontact.com/index.jsp?cc=TEM_Assoc_205> This email was sent to sagauro(a)rci.rutgers.edu by learn(a)work.rutgers.edu | Update Profile/Email Address<http://visitor.constantcontact.com/do?p=oo&mse=001ud8mz_jvjBTcYW12gjP4a7lEf…> | Instant removal with SafeUnsubscribe<http://visitor.constantcontact.com/do?p=un&mse=001ud8mz_jvjBTcYW12gjP4a7lEf…>™ | Privacy Policy <http://ui.constantcontact.com/roving/CCPrivacyPolicy.jsp>. Labor Educaiton and Research Now (LEARN) | Rutgers, The State University of New Jersey | 50 Labor Center Way | New Brunswick | NJ | 08901 -- Eugene McElroy Library Associate School of Management and Labor Relations SMLR Library Rutgers University 50 Labor Center Way New Brunswick, NJ 08901 (732) 932-9513

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Check out this link from PBS.org
by mcelroy＠work.rutgers.edu 13 Oct '11

13 Oct '11

A friend thought that you would enjoy this link. Check out http://www.pbs.org/newshour/bb/business/july-dec11/autoworkers_10-12.html Either click on or cut and paste the link above into your browser to view

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NYTimes.com: Chrysler Is Last to Reach Deal With Union
by ciudadviejo＠yahoo.com 12 Oct '11

12 Oct '11

This page was sent to you by: ciudadviejo(a)yahoo.com. BUSINESS DAY | October 13, 2011 Chrysler Is Last to Reach Deal With Union By NICK BUNKLEY The smallest of the Detroit automakers early Wednesday tentatively agreed with the U.A.W. on a contract that would add 2,100 jobs. http://www.nytimes.com/2011/10/13/business/chrysler-is-last-to-reach-deal-w… ---------------------------------------------------------- ABOUT THIS E-MAIL This e-mail was sent to you by a friend through NYTimes.com's E-mail This Article service. For general information about NYTimes.com, write to help(a)nytimes.com. NYTimes.com 620 Eighth Avenue New York, NY 10018 Copyright 2011 The New York Times Company

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CRS: Unauthorized Aliens Residing in the United States: Estimates Since 1986 [22 September 2011]
by Eugene McElroy 11 Oct '11

11 Oct '11

Congressional Research Service (CRS) *Unauthorized Aliens Residing in the United States: Estimates Since 1986* Ruth Ellen Wasem, Specialist in Immigration Policy September 22, 2011 http://fpc.state.gov/documents/organization/174245.pdf [full-text, 17 pages] Summary Estimates derived from the March Supplement of the U.S. Census Bureau’s Current Population Survey (CPS) indicate that the unauthorized resident alien population (commonly referred to as illegal aliens) rose from 3.2 million in 1986 to 11.2 million in 2010. Jeffrey Passel, a demographer with the Pew Hispanic Research Center, has been involved in making these estimations since he worked at the U.S. Bureau of the Census in the 1980s. The estimated number of unauthorized aliens had dropped to 1.9 million in 1988 following passage of a 1986 law that legalized several million unauthorized aliens. The estimates of unauthorized aliens peaked at an estimated 12.4 million in 2007. About 39% of unauthorized alien residents in 2010 were estimated to have entered the United States in 2000 or later. Similarly, the Department of Homeland Security’s Office of Immigration Statistics (OIS) reported an estimated 10.8 million unauthorized alien residents as of January 2010, up from 8.5 million in January 2000. The OIS estimated that 6.6 million of the unauthorized alien residents were from Mexico, an estimate comparable to Passel and D’Vera Cohn’s calculation of 6.5 million. The OIS based its estimates on data from the U.S. Census Bureau’s American Community Survey. The OIS estimated that the unauthorized resident alien population in the United States increased by 37% over the period 2000 to 2008, then leveled off in 2009 and 2010. Research suggests that various factors have contributed to the ebb and flow of unauthorized resident aliens, and that the increase is often attributed to the “push-pull” of prosperity-fueled job opportunities in the United States in contrast to limited or nonexistent job opportunities in the sending countries. Accordingly, the economic recession that began in December 2007 may have curbed the migration of unauthorized aliens, particularly because sectors that traditionally rely on unauthorized aliens, such as construction, services, and hospitality, have been especially hard hit. Some researchers also suggest that the increased size of the unauthorized resident population during the late 1990s and early 2000s is an inadvertent consequence of border enforcement and immigration control policies. They posit that strengthened border security has curbed the fluid movement of seasonal workers. This interpretation, generally referred to as a caging effect, argues that these policies have raised the stakes in crossing the border illegally and created an incentive for those who succeed in entering the United States to stay. The current system of legal immigration is cited as another factor contributing to unauthorized alien residents. The statutory ceilings that limit the type and number of immigrant visas issued each year create long waits for visas. According to this interpretation, many foreign nationals who would prefer to come to the United States legally resort to illegal avenues in frustration over the delays. It is difficult, however, to demonstrate a causal link or to guarantee that increased levels of legal migration would absorb the current flow of unauthorized migrants. Furthermore, some researchers speculate that the doubling in deportations since 2001 might also have had a chilling effect on family members weighing unauthorized residence in recent years. Some observers point to more elusive factors when assessing the ebb and flow of unauthorized resident aliens—such as shifts in immigration enforcement priorities away from illegal entry to removing suspected terrorists and criminal aliens, or discussions of possible “amnesty” legislation. This report does not track legislation and will be updated as needed. Contents Background...................................................................................................................................... 1 Estimates Since 1986....................................................................................................................... 2 Analysis from the March Current Population Survey...................................................................... 5 Analysis from the American Community Survey............................................................................ 8 Analysis of the Monthly Current Population Survey..................................................................... 12 Contributing Factors ...................................................................................................................... 12 *Figures* Figure 1. Estimated Number of Unauthorized Resident Aliens, 1986-2010.................................... 3 Figure 2. Unauthorized Resident Alien Population, by Place of Origin, 1986 and 2010 ................ 5 Figure 3. Unauthorized Resident Aliens in 2010, by Reported Year of Arrival............................... 6 Figure 4. Unauthorized Resident Alien Population, by State .......................................................... 7 Figure 5. Top 10 States with Unauthorized Resident Aliens ........................................................... 9 Figure 6. Top 10 Source Countries of Unauthorized Resident Aliens ........................................... 10 Figure 7. Age Distribution of Unauthorized Resident Aliens in 2010, by Gender ........................ 11 Contacts Author Contact Information........................................................................................................... 14 Acknowledgments .........................................................................................................................14 **************************************** Stuart Basefsky Director, IWS News Bureau Institute for Workplace Studies Cornell/ILR School 16 E. 34th Street, 4th Floor New York, NY 10016 Telephone: (607) 262-6041 Fax: (607) 255-9641 E-mail: smb6(a)cornell.edu **************************************** Eugene McElroy Library Associate School of Management and Labor Relations SMLR Library Rutgers University 50 Labor Center Way New Brunswick, NJ 08901 (732) 932-9513

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Workers' Compensation Law Workshop Oct 21 at Rutgers
by Eugene McElroy 11 Oct '11

11 Oct '11

Having trouble viewing this email? Click here <http://campaign.r20.constantcontact.com/render?llr=zq5phugab&v=001BpBBz7jUJ…> [image: Rutgers] Workers' Compensation Law Workshop<http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108020662986&s=2960&e=001YmSo9C…> * * *Fee and Registration * *$220 per workshop*. * On-line registration (credit cards and e-check) is available. Click on the course name to register. If you are not able to register on-line, please call (732) 932-9504 or e-mail <learn(a)work.rutgers.edu>.* *Location * *Labor Education Center* *Rutgers University* *50 Labor Center Way New Brunswick <http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108020662986&s=2960&e=001YmSo9C…> * *NJ 08901 <http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108020662986&s=2960&e=001YmSo9C…> * *Credits Per Course* *New Jersey Mandatory Continuing Legal Education (NJ MCLE) - 6 hours * *Continuing Education Units (CEUs) -* *.5 CEUs* [image: LEARN] October 21, 9 a.m. to 4 p.m. [image: Professor John F. Burton, Jr.]<http://r20.rs6.net/tn.jsp?llr=zq5phugab&et=1108020662986&s=2960&e=001YmSo9C…> Professor John F. Burton Are you a union representative? A union member? Are you someone who is passionate about workers rights and ensuring they are granted equality by the law? This one-day workshop will examine the New Jersey workers' compensation law, which provides cash benefits and medical benefits to workers who are disabled by work-related injuries and diseases. The workshop will discuss topics such as employee coverage, compensable injuries and diseases, procedures to ensure payment, and workers' abilities to sue employers for damages. You will also have the opportunity to network with other labor leaders and exchange experiences and ideas. If you represent workers or unions on workers compensation issues, don't miss this workshop. Instructor: John F. Burton, Jr., Ph.D. in Economics University of Michigan Professor Burton is a leading expert on workers compensations issues. He is former Dean of the Rutgers University School of Management and Labor Relations and Professor Emeritus at Rutgers and Cornell University. He has published numerous scholarly articles and book chapters on workers' compensation issues. He co-authored "A Worker's Guide to The New Jersey Workers' Compensation Law," which is written for laypersons and will be included in the workshop packet. * [image: Diploma] Congratulations! **Employment Law for Union Representatives Certificate Award Ceremony May 11, 2012 * Labor Education Center 50 Labor Center Way New Brunswick, NJ 08901 * * <http://visitor.constantcontact.com/do?p=un&mse=001ud8mz_jvjBTcYW12gjP4a7lEf…> <http://www.constantcontact.com/index.jsp?cc=TEM_Assoc_205> This email was sent to sagauro(a)rci.rutgers.edu by learn(a)work.rutgers.edu | Update Profile/Email Address<http://visitor.constantcontact.com/do?p=oo&mse=001ud8mz_jvjBTcYW12gjP4a7lEf…> | Instant removal with SafeUnsubscribe<http://visitor.constantcontact.com/do?p=un&mse=001ud8mz_jvjBTcYW12gjP4a7lEf…>™ | Privacy Policy <http://ui.constantcontact.com/roving/CCPrivacyPolicy.jsp>. Labor Educaiton and Research Now (LEARN) | Rutgers, The State University of New Jersey | 50 Labor Center Way | New Brunswick | NJ | 08901 -- Eugene McElroy Library Associate School of Management and Labor Relations SMLR Library Rutgers University 50 Labor Center Way New Brunswick, NJ 08901 (732) 932-9513

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Center for Study of Working Class Life Releases Study on U.S. Military Casualties in Afghanistan
by Eugene McElroy 10 Oct '11

10 Oct '11

* http://www.newswise.com/articles/center-for-study-of-working-class-life-rel… * * 'Today, the tenth anniversary of the start of the current war in Afghanistan, the Center for Study of Working Class Life<http://www.stonybrook.edu/workingclass/>at the State University of New York at Stony Brook released its report "American Military Deaths in Afghanistan, and the Communities from Which These Soldiers, Sailors, Airmen, and Marines Came," by Michael Zweig, Michael Porter and Yuxiang Huang. * *The study presents a detailed picture of the men and women who have died in the war, and the communities which have lost them. It compares these findings with people and communities in the country as a whole. The report is based on a reading of obituaries and tribute pages for each of the 1,446 U.S. military personnel who died in Afghanistan from the start of the war in October 2001 to the end of 2010, and analysis of Census and other data for the communities from which they came. The report addresses the racial and gender composition of the dead, their education levels and reasons for joining the military, and their position in the class structure of the economy. The report also details the geographic origins of the dead and presents key economic data for their communities.' * -- Eugene McElroy Library Associate School of Management and Labor Relations SMLR Library Rutgers University 50 Labor Center Way New Brunswick, NJ 08901 (732) 932-9513

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NYTimes.com: What Happened to the American Work Ethic?
by ciudadviejo＠yahoo.com 10 Oct '11

10 Oct '11

This page was sent to you by: ciudadviejo(a)yahoo.com. OPINION | October 09, 2011 What Happened to the American Work Ethic? By NYTimes.com Millions of people are looking for jobs, but aren't jumping to be seasonal farm laborers. Why is that? http://www.nytimes.com/roomfordebate/2011/10/09/what-happened-to-the-americ… ---------------------------------------------------------- ABOUT THIS E-MAIL This e-mail was sent to you by a friend through NYTimes.com's E-mail This Article service. For general information about NYTimes.com, write to help(a)nytimes.com. NYTimes.com 620 Eighth Avenue New York, NY 10018 Copyright 2011 The New York Times Company

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SMLR faculty highlight new ILR Press book: EMPLOYEE OWNERSHIP AND SHARED CAPITALISM [2011]
by Eugene McElroy 10 Oct '11

10 Oct '11

ILR Press (an imprint of Cornell University Press) *Employee Ownership and Shared Capitalism *[2011] New Directions in Research Edward J. Carberry (Editor) Paper, 2011 ISBN: 978-0-913447-03-1<http://xisbn.worldcat.org:80/liblook2/resolve.htm?res_id=4826&rft.isbn=9780…> $ 29.95 £18.50 http://www.ilr.cornell.edu/ilrpress/titles/14311.html or http://www.cornellpress.cornell.edu/book/?gcoi=80140100731920 "One of the most persistent and important, but often ignored, trends contemporary market economies continues to be the ownership of firms by their employees. Since the emergence of different experiments with employee ownership in the early twentieth century, a growing group of companies and expanding set of institutions have opened the door for firms to share the financial returns of economic production with broad groups of employees. The growth of various forms of "shared capitalism" has meant that currently a little under half of all employees in the private sector own stock in the companies in which they work or receive cash-based bonuses linked to different measures of corporate performance. Employee ownership is a complex phenomenon that can be and has been fruitfully analyzed from a number of different social scientific perspectives. This book showcases the diverse state of cutting-edge academic work on shared capitalism in the United States and Western Europe. Its chapters present a representative cross-section of current research, lively debates, and new research initiatives. Employee Ownership and Shared Capitalism illuminates shared capitalism's complexity as an organizational, psychological, sociological, and economic phenomenon that requires deep interdisciplinary understanding. Serdar Aldatmaz (University of North Carolina); Saioa Arando (Mondragon University); Daphne Perkins Berry (University of Massachusetts Amherst); Joseph R. Blasi (Rutgers, The State University of New Jersey); Francesco Bova (University of Toronto); Marco Caramelli (INSEEC Business School); Edward J. Carberry (Erasmus University); Adrienne E. Eaton (Rutgers, The State University of New Jersey); Fred Freundlich (Mondragon University); Monica Gago (Mondragon University); Derek C. Jones (Hamilton College); Takao Kato (Colgate University); Douglas L. Kruse (Rutgers, The State University of New Jersey); Fidan Ana Kurtulus (University of Massachusetts Amherst); John Logue (Kent State University); John E. McCarthy (Rutgers, The State University of New Jersey); Joan S. M. Meyers (Rutgers, The State University of New Jersey); Paige Ouimet (University of North Carolina); Andrew Pendleton (University of York); Stu Schneider (Cooperative Home Care Associates); Paula B. Voos (Rutgers, The State University of New Jersey); Jacquelyn Yates (Kent State University) " About the Author Edward J. Carberry is Assistant Professor in the Business-Society Management department at the Rotterdam School of Management CONTENTS Chapter 1.* Employee Ownership and Shared Capitalism: Assessing the Experience, Research, and Policy Implications* by Edward J. Carberry Section I: Organized Labor and Shared Capitalism Chapter 2. *Solidarity and Sharing: Unions and Shared Capitalism * by John E. McCarthy, Paula Voos, Adrienne.E. Eaton, Douglas L. Kruse, and Joseph R. Blasi Chapter 3.* Improving the Quality of Home Health Aide Jobs: A Collaboration between Organized Labor and a Worker Cooperative* by Daphne Perkins Beny and Stu Schneider Chapter 4. *Shared Capitalism, Corporate Disclosure, and Management's Incentive to Signal a Positive Outlook* by Francesco Bova Section II: New Theoretical and Empirical Approaches Chapter 5. *Employee Ownership, Democratic Control, and Working-Class Empowerment* by Joan S. M. Meyers Chapter 6. *An Empirical Analysis of Risk Preferences, Compensation Risk, and Employee Outcomes * by Fidan Ana Kurtulus, Douglas L. Kruse, and Joseph R. Blasi Chapter 7. *Employee Ownership and Corporate Performance: Toward Unlocking the Black Box* by Marco Caramelli Chapter 8*. The Determinants and Consequences of Broad-Based Stock Option Plans: The View from Economics and Finance* by Serdar Aldatmaz and Paige Ouimet Section Ill: Assessing the Experience of Shared Capitalism in Different National Contexts Chapter 9. *Assessing Mondragon: Stability and Managed Change in the Face of Globalization* by Saioa Arando, Fred Freundlich, Monica Gago, Derek C. Jones, and Takao Kato Chapter 10. *Ohio's ESOP Companies Through Two Decades: Growing Up or Growing Old?* by John Logue and Jacquelyn Yates Chapter 11. *Employee Ownership in Britain: Diverse Forms, Diverse Antecedents* by Andrew Pendleton **************************************** Stuart Basefsky Director, IWS News Bureau Institute for Workplace Studies Cornell/ILR School 16 E. 34th Street, 4th Floor New York, NY 10016 Telephone: (607) 262-6041 Fax: (607) 255-9641 E-mail: smb6(a)cornell.edu **************************************** -- Eugene McElroy Library Associate School of Management and Labor Relations SMLR Library Rutgers University 50 Labor Center Way New Brunswick, NJ 08901 (732) 932-9513

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Smlr_net October 2011