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TABLE 1: Participation in Shared Capitalism
Programs, 2002 and 2006 |
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| Based
on analysis of 2002 and 2006 General Social Surveys |
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All private sector |
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For-profit |
Not-for- |
Companies |
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|
companies |
profit orgs. |
with stock |
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|
2002 |
2006 |
2006 |
2006 |
2006 |
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| |
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|
(1) |
(2) |
(3) |
(4) |
(5) |
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| Percent
of employees covered |
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|
Profit sharing |
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In profit-sharing plan |
|
33.5% |
38.4% |
39.6% |
23.8% |
47.8% |
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|
Received
profit share last year |
23.8% |
30.2% |
31.2% |
17.3% |
38.3% |
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Gainsharing |
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In gainsharing plan |
|
23.2% |
26.8% |
27.8% |
14.7% |
34.6% |
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Received
gainsharing bonus last year |
17.1% |
21.3% |
22.2% |
11.1% |
28.6% |
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Own company stock |
|
21.2% |
17.5% |
19.0% |
0.0% |
34.9% |
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Stock options |
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Hold stock options |
|
13.1% |
9.3% |
10.0% |
0.0% |
18.6% |
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Granted options last year |
|
na |
5.3% |
5.7% |
0.0% |
10.7% |
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| |
Any of above |
|
43.1% |
46.7% |
48.6% |
23.8% |
62.6% |
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| Number of employees covered (millions) |
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Total employees in economy^ |
|
108.8 |
114.3 |
105.7 |
8.5 |
56.9 |
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|
Profit sharing |
|
|
|
|
|
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In profit-sharing plan |
|
36.5 |
43.9 |
41.9 |
2.0 |
27.2 |
|
|
Received
profit share last year |
25.9 |
34.5 |
33.0 |
1.5 |
21.8 |
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Gainsharing |
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In gainsharing plan |
|
25.2 |
30.6 |
29.4 |
1.3 |
19.7 |
|
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Received
gainsharing bonus last year |
18.6 |
24.4 |
23.4 |
0.9 |
16.3 |
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Own company stock |
|
23.0 |
20.0 |
20.0 |
0.0 |
20.0 |
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Stock options |
|
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|
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|
Hold stock options |
|
14.3 |
10.6 |
10.6 |
0.0 |
10.6 |
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Granted options last year |
|
na |
6.1 |
6.1 |
0.0 |
6.1 |
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| |
Any of above |
|
46.9 |
53.4 |
51.4 |
2.0 |
35.7 |
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| Size of
financial stakes |
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Bonus
size if received profit sharing |
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Dollar value |
Mean |
$7,135 |
$6,876 |
$6,977 |
$3,998 |
$6,869 |
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|
Median |
$1,500 |
$2,000 |
$2,000 |
$4,000 |
$2,000 |
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|
Percent of salary |
Mean |
8.5% |
9.5% |
9.7% |
5.1% |
9.2% |
|
|
Median |
4.5% |
5.4% |
5.5% |
5.1% |
5.5% |
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|
Bonus
size if received gainsharing |
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|
|
Dollar value |
Mean |
$7,797 |
$7,788 |
$7,902 |
$4,704 |
$7,903 |
|
|
Median |
$1,500 |
$2,500 |
$2,500 |
$4,000 |
$2,500 |
|
|
Percent of salary |
Mean |
8.9% |
10.0% |
10.1% |
5.5% |
9.2% |
|
|
Median |
3.8% |
6.0% |
6.2% |
5.1% |
6.0% |
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Company
stock value if own stock |
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|
|
|
Dollar value |
Mean |
$46,411 |
$32,691 |
$32,691 |
--- |
$32,691 |
|
|
Median |
$10,000 |
$10,000 |
$10,000 |
--- |
$10,000 |
|
|
Percent of salary |
Mean |
81.4% |
56.8% |
56.8% |
--- |
56.8% |
|
| |
|
|
Median |
21.2% |
25.0% |
25.0% |
--- |
25.0% |
|
| Sample
size |
|
1242 |
1173 |
1081 |
92 |
595 |
|
| Profit
sharing is defined as eligibility for bonuses based on overall organizational
performance. |
|
| Gainsharing
is defined as eligibility for bonuses based on department or plant
performance. |
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| ^ The
figure for total private sector employees comes from Bureau of Labor
Statistics establishment data |
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| for July 2002 and 2006. The BLS does not
provide employee counts for not-for-profit organizations and companies |
| with stock, so columns 3-5 are estimates
based on the distribution of respondents in the General |
|
| Social Survey sample. |
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| Source: Analysis and question design by Douglas
Kruse, Joseph Blasi, and Richard Freeman, National Bureau of |
| Economic
Research Shared Capitalism Project.
The items were included in the 2006 General Social Survey which |
| was
administered by the National Opinion Research Center at the University of
Chicago. The GSS is mainly |
| supported
by the National Science Foundation.
The shared capitalism segment of the GSS for 2006 was |
|
| supported
by the Employee Ownership Foundation, the ESOP Association, the Beyster
Institute at the University |
| of
California at San Diego, the Profit
Sharing Council of America, the National Center for Employee Ownership, and |
| the
Shared Capitalism Project of the National Bureau of Economic Research, February 2007. |
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