G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w26519
来源IDWorking Paper 26519
Labor in the Boardroom
Simon Jäger; Benjamin Schoefer; Jörg Heining
发表日期2019-12-02
出版年2019
语种英语
摘要We estimate the wage effects of shared governance, or codetermination, in the form of a mandate of one third of corporate board seats going to worker representatives. We study a reformin Germany that abruptly abolished this mandate for stock corporations incorporated after August 1994, while it locked the mandate for the slightly older cohorts. Our research design compares firm cohorts incorporated before the reform and after; in a robustness check we additionally draw on the analogous difference in unaffected firm types (LLCs). We find no effects of board-level codetermination on wages and the wage structure, even in firms with particularly flexible wages. The degree of rent sharing and the labor share are also unaffected. We reject that disinvestment could have offset wage effects through the canonical hold-up channel, as shared governance, if anything, increases capital formation.
主题Financial Economics ; Corporate Finance ; Other ; Law and Economics ; Labor Economics ; Labor Compensation ; Labor Relations ; Accounting, Marketing, and Personnel
URLhttps://www.nber.org/papers/w26519
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/584191
推荐引用方式
GB/T 7714
Simon Jäger,Benjamin Schoefer,Jörg Heining. Labor in the Boardroom. 2019.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
w26519.pdf(1224KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Simon Jäger]的文章
[Benjamin Schoefer]的文章
[Jörg Heining]的文章
百度学术
百度学术中相似的文章
[Simon Jäger]的文章
[Benjamin Schoefer]的文章
[Jörg Heining]的文章
必应学术
必应学术中相似的文章
[Simon Jäger]的文章
[Benjamin Schoefer]的文章
[Jörg Heining]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w26519.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。