Co-Determination, Efficiency, and Productivity

Felix FitzRoy and Kornelius Kraft

No 1442, IZA Discussion Papers from Institute of Labor Economics (IZA)

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 co-determination in large firms.

Keywords: co-determination; employee involvement; productivity (search for similar items in EconPapers)
JEL-codes: D2 J5 L2 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2004-12
New Economics Papers: this item is included in nep-eff, nep-his and nep-mic
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Citations: View citations in EconPapers (13)

Published - published in: British Journal of Industrial Relations, 2005, 43 (2), 233-248

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Journal Article: Co‐determination, Efficiency and Productivity (2005)
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