On The Property Rights Of Labour

At present, the crucial moment of the reform that combines socialism with market economy is here. What kind of property rights institution and his way of realization in firm are adopted is the key which concerns whether the reform successes and whether the social productivity develops continuously. So in our opinion, the outlet is to establish the Chinese modern enterprise institution based on the united labor and the united factors. This paper tries to expound the property rights of labor in the united property rights institution.Firstly, the paper summarizes and reviews the property rights of labor both Marxism economics and western economic and the present research on the property rights at home and abroad, then redefine the property rights of labor. In this paper, the property rights of labor means the rights to use the collective productivity that results from cooperation of labors and the rights to benefit from it. It not only has the character of collective property rights, but also has the character of communal property rights. Then the paper distinguishes the property rights of labor and the property rights of labor power. Secondly, the paper analyzes the inherent mechanism on how the property rights of labor form and whose realistic reasons from the angle of the ability theory of firm. Thirdly,the paper analyzes all kinds of organizations that reflects the property rights of labor, The average bonus is analyzed as one of the property rights of labor forms, Then the relation of the property rights of labor and the level of effort in the firm are expounded by a play game, and analyzes the relation of the property rights of labor and the performance of firm. Finally, this paper discusses the relation of the property rights of labor and the united property rights institution and analyzes the influence of the property rights of labor on the governance structure of the firm and the restrain mechanism of entrepreneur.