In a BloombergView piece appearing on February 22, Peter Orszag describes the history and benefits of employee equity ownership of firms. In doing so, he cites evidence produced by Fidan Ana Kurtulus and Douglas Kruse in their new book How Did Employee Ownership Firms Weather the Last Two Recessions? as proof that, because employee ownership firms are less likely to lay off workers during economic downturns, they have stabilizing effects on the broader economy.
Read "Alexander Hamilton Loved Employee Ownership. So Should We" by Peter Orszag.
Read the first chapter of How Did Employee Ownership Firms Weather the Last Two Recessions?