The Economics of Codetermination : Lessons from the German Experience
by
J. Addison
Book Details
Format
Hardback or Cased Book
ISBN-10
0230606091
ISBN-13
9780230606098
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Nov 18th, 2009
Print length
179 Pages
Weight
320 grams
Dimensions
21.70 x 16.50 x 1.50 cms
Product Classification:
Labour / income economicsLabour economicsEconometricsEconometrics and economic statistics
Ksh 8,100.00
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Mixing economic theory and empirical analysis, this book tackles the economics and econometrics of codetermination, rooted in the German Mitbestimmung. The core themes are an examination of the theory and practice of co-determination at plant (work councils) and enterprise (worker directors) levels.
This book provides the first ever comprehensive economic evaluation of the long-standing German system of works councils and worker directors on company boards. This system of codetermination, or Mitbestimmung, is unique in the degree of information provision, consultation, and participation ceded employees. Addison analyzes the effects of works councils on establishment productivity, profitability, investment in physical and intangible capital, employment, training, wages and organizational flexibility, as well as the influence of worker directors on some of the same indicators plus, critically, shareholder value. Today, works councils are in decline while worker directors have scarcely been embraced either from within or without. This book examines these challenges and addresses the likely evolution of codetermination.
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