evidence on wage payments to works councilors for the period 2001 to 2015. We find wage premia of 2% to 6% in OLS …-specifications, which are more pronounced for long-term works councilors. Moreover, we observe no wage premia in linear fixed-effects panel …

capital stock, the capital-labor ratio, and the capital share all increase. Shared governance does not raise wage premia or …

This paper provides a model that can account for the almost uniform staggering of wage contracts in some countries as … ; strategic substitutability ; wage contracts ; contract duration …

this happens mostly in large firms. There are also sizeable long-run wage effects of the reform, well beyond the legal …

For workers facing uncertain output, fixed-wage contracts provide implicit insurance compared to self-employment or … adverse selection. Using a model of wage contracts under asymmetric information, I show how these distortions can be … which data-entry workers are offered a choice between a randomized fixed hourly wage and a piece rate. Using experimental …

We analyse in what way co-determination affects non-compliance with the German minimum wage, which was introduced in … with indirect means to ensure compliance with the statutory minimum wage. Based on this legal situation, our theoretical … difference between the minimum wage and the amount, which was actually paid. Therefore, co-determination helps to secure the …