Theoretical arguments suggest that codetermination has scope for real efficiency gains in terms of both productivity & job satisfaction, but the latter is difficult to measure, while the former is mostly likely to show up in long-run data sets that are difficult to acquire.
Americans value economic democracy equivalently to a wage increase of $20/hr.
Codetermination raised the probability of employees preferring to work at a firm by 7%; ESOP's by 10%.
Below average job participation has a substantial negative marginal effect on job satisfaction.
Job satisfaction and profitability are positively correlated.
Codetermination appears to have had null, or slightly positive, impact on job satisfaction.
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What Does Codetermination Do?
Impact of employee’s job satisfaction on organizational performance.
Job Satisfaction: How Crucial is Participative Decision Making?
What Do Americans Want From (Private) Government?
Codetermination, Efficiency, and Productivity
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