nep-eff 2005-01-09 papers

on Efficiency and Productivity

Issue of 2005‒01‒09
one paper chosen by
Angelo Zago
Universitá degli Studi di Verona

Co-Determination, Efficiency, and Productivity By FitzRoy, Felix R.; Kraft, Kornelius

Co-Determination, Efficiency, and Productivity

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

This nep-eff issue is ©2005 by Angelo Zago. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.

General information on the NEP project can be found at http://nep.repec.org. For comments please write to the director of NEP, Marco Novarese at <director@nep.repec.org>. Put “NEP” in the subject, otherwise your mail may be rejected.

NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.