The empirical identification of non-linearities in investment relies on how investment is assumed to be separated into … investment which allows us to observe regime separation, an aspect of the data that is typically absent from previous empirical … concentrating investment in a single year. Moreover, there is evidence that investment is more sensitive to fundamentals in the high …

This paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany …

with frictions in the adjustment of both capital and labor. We posit that hiring of labor is akin to investment in capital ….S. corporate sector data to estimate firms? optimal hiring and investment decisions and the consequences for firms? value. We then … investment and physical capital. We find that a conventional specification – quadratic adjustment costs for capital and no hiring …

context of Germany where the works council is the analogue of workplace unionism. Using parametric and nonparametric methods … (favorable) impact on investment. …

Germany, we find that works councils affect wage growth only in combination with collective bargaining. Wage adjustments to …

coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker …

role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …

The decisions of firms on investment and hiring play a crucial role in business cycle fluctuations. This paper explores … dependence and placing the emphasis on their joint, forward-looking behavior. Using estimation of aggregate, private sector U … investment costs. It is significant and negatively signed, implying complementarity between investment and hiring. There is a …

. Our estimation results show that a 1 percent point decrease in unemployment rate increases wage offers with 3 percent …