Property Rights Of Labor In The Reform Of State-owned-enterprises:Theory And Practice

The reform of state-owned-enterprises (named for S0Es) is a central point in economical system reform in china, and reform of proper rights becomes core process. During this process the relation between state and enterprises has been emphasized by the governments,firms and economists, while the relation between the labors and enterprises is in short eyes, how to make majority of labors become the interest-principle is a most important issue of developing socialism regime and socialism essence. The paper points out that well dealing with the relation and constructing the rules and efficient ways of property rights of labor will be a key to the issue, which has important theoretical and policy implications.The thesis makes some profitable explorations. First it recalls of the related literature, and sum up the concepts of"property rights","human capital rights","property rights of labor"in the current property right theory,human capital theory and"inter-complement"firm theory etc., and analyzes in detail their useful parts as well as the limitations, on the base of the above, the author addresses to Marxism eyesight of property rights of labor, and also discloses its reality and possibility. Meanwhile the author presents its inner meaning in the reform and practice of SOEs, which is some"the residual claim rights".Then the paper present many problems in the reform practice. There are two radical aspects: one is regarding the socialism public-owned rights as state-owned rights, excluding the individual rights of labor, unilaterally keeping eyes on the state's controlling of SOEs; In contrast another only emphasizes the"property right"'s decisive role on the transition of SOEs, advocating the individualizations, especially the sale out all the medium and small-sized enterprises. These two ideas both care about the physical capital's interest, neglecting the labor's value and inner aspirations. According to the direction of current firm theory, we should fully consider our reform of SOEs, confirming to the rights of human, and constructing the modern enterprise frame to realize the cooperation of physical capital and laor.Following above, the paper defines the labor rights in public-owned condition. Its core right is the income right, so the fist station of labor in SOEs must be preserved and clearly confessed on base of owned right and income right, among which the right of residual claim is the high sight. Therefore author gives portioned firm model of increment profit, changing the last allocations of wealth, and giving every labor a chance to enter into the enterprise's profit.In final, the thesis Sum up a variety of the practices of labor rights, now the combination methods of labor and capital have been developed, such as profit sharing system, and overseas successful ways are introducing, and boldly taking stock-option,annual salary and employee-hold-stock in practice.