Co-determination, Efficiency and Productivity

Felix R FitzRoy, Kornelius Kraft

    Research output: Contribution to journalArticlepeer-review

    80 Citations (Scopus)

    Abstract

    We present the first panel estimates of the productivity effects of the unique German institution of parity, board-level co-determination. Although our data span two severe recessions when labour hoarding costs of co-determination are probably highest, and the panel is too short to capture the likely long-run benefits in terms of human capital formation and job satisfaction, we find positive productivity effects of the 1976 extension to parity co-determination in large firms.

    Original languageEnglish
    Pages (from-to)233-247
    Number of pages15
    JournalBritish Journal of Industrial Relations
    Volume43
    Issue number2
    DOIs
    Publication statusPublished - Jun 2005

    Keywords

    • WORKS COUNCILS
    • LABOR PARTICIPATION
    • WEST-GERMANY
    • CODETERMINATION
    • FIRMS

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