Addison JT, Schnabel C, Wagner J (2001)
Publication Language: English
Publication Type: Journal article
Publication year: 2001
Publisher: Oxford University Press (OUP): Policy F - Oxford Open Option D
Book Volume: 53
Pages Range: 659-694
Journal Issue: 4
DOI: 10.1093/oep/53.4.659
Works councils are the most important pillar of workplace industrial relations in Germany but little is known of their economic effects. The paper uses a modern, large-scale dataset to examine this issue. Consonant with recent applied theoretical conjectures, it is found that works councils are associated with reduced labour fluctuation, higher productivity (in larger establishments only), and no reduction in innovative activity. Yet they are also associated with lower profitability and higher wages. This concatenation of results, although not inconsistent with efficiency, underscores the need for closer investigation of the institution given actual and prospective EU works council mandates. Copyright 2001 by Oxford University Press.
APA:
Addison, J.T., Schnabel, C., & Wagner, J. (2001). Works councils in Germany: their effects on establishment performance. Oxford Economic Papers, 53(4), 659-694. https://doi.org/10.1093/oep/53.4.659
MLA:
Addison, John T., Claus Schnabel, and Joachim Wagner. "Works councils in Germany: their effects on establishment performance." Oxford Economic Papers 53.4 (2001): 659-694.
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