Co-Determination, Efficiency and Productivity

15 Pages Posted: 20 Jun 2005

See all articles by Felix R. Fitzroy

Felix R. Fitzroy

University of St. Andrews; IZA Institute of Labor Economics

Kornelius Kraft

University of Dortmund - Department of Economics; IZA Institute of Labor Economics

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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.

Suggested Citation

Fitzroy, Felix R. and Kraft, Kornelius, Co-Determination, Efficiency and Productivity. British Journal of Industrial Relations, Vol. 43, No. 2, pp. 233-247, June 2005, Available at SSRN: https://ssrn.com/abstract=734668

Felix R. Fitzroy (Contact Author)

University of St. Andrews ( email )

St Salvator's College
St Andrews, Fife, KY16 9AJ
United Kingdom
+44 1334 462437 (Phone)
+44 1334 462444 (Fax)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Kornelius Kraft

University of Dortmund - Department of Economics ( email )

D-44221 Dortmund
Germany
+49 231 755-3152 (Phone)
+49 231 755-3155 (Fax)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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