Polity Atlas
Article

Capital, Labor, and the Firm: A Study of German Codetermination

Gary Gorton; Frank A. Schmid · Journal of the European Economic Association 2(5), 863–905 · 2004

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Type
Article
Author
Gary Gorton; Frank A. Schmid
Identifier
DOI 10.1162/1542476042782260
Accessed
2026-09-01

Claims citing this source

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EstablishedStudying a 1994 reform that abolished one-third board representation for newly incorporated stock corporations, Jäger, Schoefer and Heining (2021) found no effect of board-level codetermination on wages, the wage structure, rent sharing or the labour share, and if anything higher capital formation.