@TechReport{iza:izadps:dp5464,
            	author={Grund, Christian and Schmitt, Andreas},
            	title={Works Councils, Wages, and Job Satisfaction},
            	year={2011},
	month={Jan},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={5464},
            	url={https://www.iza.org/publications/dp5464},
	abstract={We investigate the effects of works councils on employees’ wages and job satisfaction in general and for subgroups with respect to sex and occupational status. Making use of a German representative sample of employees, we find that employees, who move to a firm with a works council, report increases in job satisfaction, but do not receive particular wage increases. Especially the job satisfaction of female employees is affected by a change in works council status. However, we do not find support for the hypothesis that the introduction of a works council itself increases wages or job satisfaction for the employees staying at the firm.},
	keywords={works councils;job satisfaction;wages},
            }