What Does Codetermination Do?
<jats:p> The authors provide a comprehensive overview of codetermination, that is, worker representation in firms’ governance and management. The available micro evidence points to zero or small positive effects of codetermination on worker and firm outcomes and leaves room for moderate positi...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
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SAGE Publications
2022
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| Online Access: | https://hdl.handle.net/1721.1/145187 |
| _version_ | 1826210279728349184 |
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| author | Jäger, Simon Noy, Shakked Schoefer, Benjamin |
| author2 | Massachusetts Institute of Technology. Department of Economics |
| author_facet | Massachusetts Institute of Technology. Department of Economics Jäger, Simon Noy, Shakked Schoefer, Benjamin |
| author_sort | Jäger, Simon |
| collection | MIT |
| description | <jats:p> The authors provide a comprehensive overview of codetermination, that is, worker representation in firms’ governance and management. The available micro evidence points to zero or small positive effects of codetermination on worker and firm outcomes and leaves room for moderate positive effects on productivity, wages, and job stability. The authors also present new country-level, general-equilibrium event studies of codetermination reforms between the 1960s and 2010s, finding no effects on aggregate economic outcomes or the quality of industrial relations. They offer three explanations for the institution’s limited impact. First, existing codetermination laws convey little authority to workers. Second, countries with codetermination laws have high baseline levels of informal worker voice. Third, codetermination laws may interact with other labor market institutions, such as union representation and collective bargaining. The article closes with a discussion of the implications for recent codetermination proposals in the United States. </jats:p> |
| first_indexed | 2024-09-23T14:47:16Z |
| format | Article |
| id | mit-1721.1/145187 |
| institution | Massachusetts Institute of Technology |
| language | English |
| last_indexed | 2024-09-23T14:47:16Z |
| publishDate | 2022 |
| publisher | SAGE Publications |
| record_format | dspace |
| spelling | mit-1721.1/1451872023-07-28T19:35:57Z What Does Codetermination Do? Jäger, Simon Noy, Shakked Schoefer, Benjamin Massachusetts Institute of Technology. Department of Economics <jats:p> The authors provide a comprehensive overview of codetermination, that is, worker representation in firms’ governance and management. The available micro evidence points to zero or small positive effects of codetermination on worker and firm outcomes and leaves room for moderate positive effects on productivity, wages, and job stability. The authors also present new country-level, general-equilibrium event studies of codetermination reforms between the 1960s and 2010s, finding no effects on aggregate economic outcomes or the quality of industrial relations. They offer three explanations for the institution’s limited impact. First, existing codetermination laws convey little authority to workers. Second, countries with codetermination laws have high baseline levels of informal worker voice. Third, codetermination laws may interact with other labor market institutions, such as union representation and collective bargaining. The article closes with a discussion of the implications for recent codetermination proposals in the United States. </jats:p> 2022-08-29T16:43:30Z 2022-08-29T16:43:30Z 2022 2022-08-29T16:34:16Z Article http://purl.org/eprint/type/JournalArticle https://hdl.handle.net/1721.1/145187 Jäger, Simon, Noy, Shakked and Schoefer, Benjamin. 2022. "What Does Codetermination Do?." Industrial & Labor Relations Review, 75 (4). en 10.1177/00197939211065727 Industrial & Labor Relations Review Creative Commons Attribution-Noncommercial-Share Alike http://creativecommons.org/licenses/by-nc-sa/4.0/ application/pdf SAGE Publications Sage |
| spellingShingle | Jäger, Simon Noy, Shakked Schoefer, Benjamin What Does Codetermination Do? |
| title | What Does Codetermination Do? |
| title_full | What Does Codetermination Do? |
| title_fullStr | What Does Codetermination Do? |
| title_full_unstemmed | What Does Codetermination Do? |
| title_short | What Does Codetermination Do? |
| title_sort | what does codetermination do |
| url | https://hdl.handle.net/1721.1/145187 |
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