Recent research has shown that the unexplained gender wage gap is smaller in establishments where a works council is … present. The finding raises the question of whether establishment-level codetermination reduces gender wage discrimination or … question by examining the association between the share of female employees and profitability. Using data from manufacturing …

to large increases in market value (5.4 percent), firm profitability, and long-term performance. In contrast, we find …

: profitability and labor productivity increase, while overheads and investment fall. In contrast, we find limited effects on pay …