Findeisen, Sebastian; Dauth, Wolfgang; Schlenker, Oliver - 2025
-level administrative records with plant-level data on industrial robot adoption, we find that works councils reduce the separation risk for … become more valuable from the firm's perspective. Consequently, we document that the moderating effects of works councils … terms of wages and employment. Finally, we observe that works councils do not hinder robot adoption; rather, they spur the …