Addison, John T.; Teixeira, Paulino; Zwick, Thomas - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2009
Low-skilled workers enjoy a large wage advantage in German works council establishments. Since job tenure is also longer for these workers, one explanation might be rent-seeking. If the premium is a compensating wage differential (or a return to unmeasured ability), it should not lead to higher...