Derek Jones

Irma M. and Robert D. Morris Professor of Economics, Emeritus (retired)

Area of Study

Name

Economics

Contact

Email Address

djones@hamilton.edu

Website

website

Derek Jones has published more than 140 articles in journals and book chapters and has edited eight books. Jones, who works in the areas of employee ownership and cooperatives, undertook some of the first empirical analysis of long-established worker cooperatives and firms with employee ownership and employee participation. He earned his doctorate at Cornell University.

Distinctions

Visiting professor or visiting fellow at various institutions including: Helsinki School of Economics/Aalto University (2006-2014); London Business School (1996-7); Pembroke College, Oxford (2002-3); Hitotsubashi Univeristy (Tokyo) 2002; Copenhagen Business School (1997-2000); University of Manchester (1984-85, Hallsworth Fellow)
Several grants to support research from organizations including National Science Foundation, Russell Sage and Rockefeller and the National Council for East European Research (total of more than $1 million)
Research fellow at SKOPE (University of Oxford and Warwick) since 2003
Faculty fellow and mentor, School of Management and Labor Relations at Rutgers University since 2011
Research director of economics at MCAC (closely linked with Mondragon University) since 2007
Research fellow at Davidson Institute (University of Michigan) since 2001
Ikerbasque Fellowship, tenable at Mondragon University (2009)
Inaugural winner of Career Achievement Award, Hamilton College (2008)
President, Association of Comparative Economic Studies (2003-2004)
President, Economics of Participation (1996-1998)
First incumbent of the James L. Ferguson Professorship, Hamilton (1987-1991; renewed 1996-1999)
German Marshall Fund Research Fellow (1983)

Selected Publications

"Complementarities between Employee Involvement and Financial Participation: Do Institutional Context, Differing Measures, and Empirical Methods Matter?"(with P. Kalmi, T. Kato, M. Mäkinen) The Journal of Industrial and Labor Relations (ILR) Review, 70 (2), 395-418.
"Theoretical and empirical studies of producer cooperatives: will ever the twain meet?" (with J.P. Bonin and L. Putterman) Journal of Economic Literature, 1290-1320.
“The productivity effects of employee stock-ownership plans and bonuses: evidence from Japanese panel data” (with T. Kato) The American Economic Review, 391-414.
“Employee participation, ownership, and productivity: A theoretical framework” (with A. Ben-Ner) Industrial Relations: A Journal of Economy and Society 34 (4), 532-554.
“Growth and regional inequality in China during the reform era” (with A. Owen and L. Cheng) China Economic Review 14 (2), 186-200.
“The productivity effects of worker participation: Producer cooperatives in western economies” (with S. Estri and J. Svejnar) Journal of Comparative Economics 11 (1), 40-61.

“The Effects of Training on Performance and Incomes; Econometric Evidence from Finnish Cooperative Banks” (with Panu Kalmi and Antti Kauhanen), Oxford Economic Papers, 2012, vol. 64, pp. 151–175.
“The Effects of Offline Teams on Firm Performance: Evidence from an Econometric Case Study” (with Takao Kato), Industrial and Labor Relations Review, January, 2011, pp. 1-26.
New Economy Handbook (senior editor), Academic Press, 2003.
“Productive Efficiency in the Mondragon Cooperatives: Evidence from an Econometric Case Study” (with Saioa Arando, Monica Gago and Takao Kato), forthcoming, Industrial and Labor Relations Review.
“Participation, profit sharing, worker ownership and efficiency in Italian producer cooperatives” (with J. Svejnar) Economica, 449-465.

College Service

Chair, Economics Department: 2005-8; 2003-06; 1978-1983; 1987-1992
Acting chair, 1975-76
Director, Hamilton in New York program: fall, 2007; fall 2010; fall, 2013

Appointed to the Faculty

1972

Educational Background

Ph.D., Cornell University
M.Sc., London School of Economics
B.A., Newcastle Upon Tyne