%0 Report %A Grund, Christian %A Schmitt, Andreas %T Works Councils, Wages, and Job Satisfaction %D 2011 %8 2011 Jan %I Institute of Labor Economics (IZA) %C Bonn %7 IZA Discussion Paper %N 5464 %U https://www.iza.org/publications/dp5464 %X 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. %K works councils %K job satisfaction %K wages