The last 50 years has seen a dramatic decline in taxes on the rich across the advanced
democracies. There is still fervent debate in both political and academic circles, however …

The authors provide a comprehensive overview of codetermination, that is, worker
representation in firms' governance and management. The available micro evidence points …

We estimate the effects of worker voice on productivity, job quality, and separations. We
study the 1991 introduction of a right to worker representation on boards or advisory …

We estimate the wage effects of shared governance, or codetermination, in the form of a
mandate of one-third of corporate board seats going to worker representatives. We study a …

Explanations for slow global growth (secular stagnation) correctly focus on income
inequality and wage formation but are incomplete. They ignore the source of wages and fail …

Why did the Eurozone crisis prove to be so difficult to resolve? Why was it resolved in a
manner in which some countries bore a much larger share of the pain than other countries …

The financial foundation of Germany's manufacturing success, according to the comparative
capitalism literature, is an ample supply of long-term capital, provided to firms by a three …

Germany's excessive current account surpluses mirror domestic problems. They are rooted
in inequality and a weak home market, creating an overdependence on exports. Why, then …

Do employees benefit from worker representation on corporate boards? Economists and
policymakers are keenly interested in this question–especially lately, as worker …

Spiralling inequality since the 1970s and the global financial crisis of 2008 have been the
two most important challenges to democratic capitalism since the Great Depression. To …