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Author: | FitzRoy, F. Kraft, K. |
Title: | Co-determination, efficiency and productivity |
Journal: | British Journal of Industrial Relations
2005 : JUN, VOL 43:2, p. 233-247 |
Index terms: | Industrial relations Human resource management Work Participation Job satisfaction Efficiency Productivity Germany |
Language: | eng |
Abstract: | This study presents the first panel estimates of the productivity effects (hereafter as: p-effs.) of the unique German institution of parity, board-level co-determination (here as: co-det). Although the data span two severe recessions when labour hoarding costs of co-det. are probably highest, and the panel is too short for capturing the likely long-run benefits as to human capital formation and job satisfaction, there are positive p-effs. found of the 1976 extension to parity co-determination in large firms. |
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