Works councils are the most important pillar of workplace industrial relations in Germany but little is known of their economic effects. The paper uses a modern, large-scale dataset to examine this issue. Consonant with recent applied theoretical conjectures, it is found that works councils are...

Obgleich die Betriebsräte ein Kernelement des bundesdeutschen Systems der industriellen Beziehungen darstellen, gibt es kaum zuverlässige Informationen über ihre Verbreitung. Der folgende Beitrag verwendet Daten des IAB-Betriebspanels um die Verbreitung von Betriebsräten in unterschiedlichen...

We propose a dynamic semi-parametric framework to study time variation in tail parameters. The framework builds on the Generalized Pareto Distribution (GPD) for modeling peaks over thresholds as in Extreme Value Theory, but casts the model in a conditional framework to allow for time-variation...