Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/232915 
Year of Publication: 
2021
Series/Report no.: 
IZA Discussion Papers No. 14163
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
We estimate the effects of worker voice on job quality and separations. We leverage the 1991 introduction of worker representation on boards of Finnish firms with at least 150 employees. In contrast to exit-voice theory, our difference-in-differences design reveals no effects on voluntary job separations, and at most small positive effects on other measures of job quality (job security, health, subjective job quality, and wages). Worker voice slightly raised firm survival, productivity, and capital intensity. A 2008 introduction of shop-floor representation had similarly limited effects. Interviews and surveys indicate that worker representation facilitates information sharing rather than boosting labor's power.
Subjects: 
industrial relations
corporate governance
codetermination
exit-voice theory
separations
job quality
JEL: 
J0
J53
J54
Document Type: 
Working Paper

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