@TechReport{iza:izadps:dp14873,
            	author={Fackler, Daniel and Schnabel, Claus and Stegmaier, Jens},
            	title={Personnel Adjustments during the COVID-19 Pandemic: Did Co-Determination Make a Difference?},
            	year={2021},
	month={Nov},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={14873},
            	url={https://www.iza.org/index.php/publications/dp14873},
	abstract={Using a unique dataset of establishments in Germany surveyed during the Covid-19 pandemic, this study investigates whether personnel adjustments during the crisis differed between establishments with and without a works council. Our regression analyses show that the hiring and dismissal rate as well as the churning rate were lower in establishments with a works council.
In contrast, the net employment growth rate over the pandemic and the implementation of short-time work did not differ significantly between establishments with and without a works council. We conclude that worker co-determination did indeed make a difference in terms of higher employment stability for the incumbent workforce during the pandemic.},
	keywords={works councils;co-determination;personnel adjustments;COVID-19;pandemic},
            }