Co-determination, efficiency, and productivity
By: by Felix FitzRoy, Kornelius Kraft.
Contributors: Kraft, Kornelius.
Series: Discussion paper ;; no. 1442; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1442
Publisher: IZA
Published: 2004
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Management -- Employee participation -- Germany.
Description: "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"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Includes bibliographical references.
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