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Labor in the Boardroom

Simon Jäger; Benjamin Schoefer; Jörg Heining · Quarterly Journal of Economics 136(2), 669–725 · 2021

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Type: Article
Author: Simon Jäger; Benjamin Schoefer; Jörg Heining
Identifier: DOI 10.1093/qje/qjaa038
Accessed: 2026-09-01

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