Codetermination and Personnel Turnover: Ten Years Later

Compared to the natural sciences, where replication studies are very common, they are rarely undertaken in the social sciences in general and in economics in particular. This deficit is sur-prising insofar as such studies have the potential to foster and redirect a discussion that has reached a deadlock. However, the recent discussion among economists about the likely effects of mandated works councils on firm performance is - mainly due to the availability of new and representative data - far away from such a deadlock. Moreover, the findings presented in recent publications by economists favouring mandatory works councils and researchers opposing their introduction, have converged to an extent that the initial controversy has virtually disappeared. It is, therefore, unlikely that a replication which rejects the findings of a paper whose results have been corroborated in a large number of studies using different data sets from varying time periods and applying different estimation techniques can make a substantial contribution to the discussion.