Councils of contentment: works councils and income perceptions
利用德国社会经济面板数据，研究发现设有企业职工委员会的企业员工收入满意度显著更高，收入排名、工资公平感和工作条件是关键解释因素。
Abstract Using data from the German Socio-Economic Panel, we provide a comprehensive investigation of the relationship between workplace co-determination in the form of works councils and income satisfaction. Controlling for a wide range of individual, job-related, and firm-level characteristics in OLS and fixed effects specifications, we observe that employees working in establishments with a works council report significantly higher income satisfaction compared to their counterparts in non-co-determined firms. Rank in the income distribution, perceived fairness of the wage, and working conditions emerge as quantitatively relevant factors in explaining the positive correlation.