| By: |
FitzRoy, Felix R. (University of St. Andrews and IZA Bonn);
Kraft, Kornelius (University of Dortmund and IZA Bonn) |
| 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 codetermination
in large firms. |
| Keywords: |
co-determination, employee involvement, productivity |
| JEL: |
D2 J5 L2 |
| Date: |
2004–12 |
| URL: |
http://d.repec.org/n?u=RePEc:iza:izadps:dp1442&r=eff |