Resource title

Co-Determination, Efficiency, and Productivity

Resource image

image for OpenScout resource :: Co-Determination, Efficiency, and Productivity

Resource 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 codetermination in large firms.

Resource author

Felix R. FitzRoy, Kornelius Kraft

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/20741

Resource license

Adapt according to the presented license agreement and reference the original author.