Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20741
Authors: 
FitzRoy, Felix R.
Kraft, Kornelius
Year of Publication: 
2004
Series/Report no.: 
IZA Discussion paper series 1442
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.
Subjects: 
co-determination
employee involvement
productivity
JEL: 
J5
D2
L2
Document Type: 
Working Paper

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