We estimate the effects of a mandate allocating a third of corporate board seats to workers (shared governance). We study a reform in Germany that abruptly abolished this mandate for certain firms incorporated after August 1994 but locked it in for the older cohorts. In sharp contrast to the...

We estimate the effects of a mandate allocating a third of corporate board seats to workers (shared governance). We study a reform in Germany that abruptly abolished this mandate for certain firms incorporated after August 1994 but locked it in for the older cohorts. In sharp contrast to the...

Despite the importance for socio-economic outcomes, there is an ongoing debate about the stability of personality traits over the life cycle. By disentangling age, period and cohort influences on personality traits, this paper adds to the existing empirical contributions, which often focus on...

Neben der umfassenden staatlichen Kulturförderung trägt auch die private Finanzierung zu Erhalt und Ausbau der in Quantität und Qualität vorbildlichen kulturellen Infrastruktur Deutschlands bei. Unternehmen und Unternehmer stehen in einer langen Tradition mäzenatischen Engagements und sind...