the end of 2007 as its only impulse - produces time series for aggregate labor usage, consumption, investment, and real … financial market - has investment fall steeply during the recession not because of any distortions with the supply of capital …

Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while … files from the PSID (US) and the GSOEP (Germany), we demonstrate how factor movements within these countries are associated … capital over the 1979-96 period, while Germany accumulated factors in a more balanced manner …

west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … incomes in the east have now reached the western level, and investment per capita has been much higher than in the west …

future of work. We study firm investment in automation using cross-country data on robotization as well as administrative … data from Germany with information on firm-level automation decisions. Our findings suggest that the impact of robots on … firms has been limited. First, investment in robots is small and highly concentrated in a few industries, accounting for …

We investigate how labor and investment demand at the firm level (gross as well as net and replacement investment … for the important changes and differences in labor and investment demand between the two subperiods and across the three …

and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions …We consider a neoclassical interpretation of Germany and Japan's rapid postwar growth that relies on a catch … capital-output ratio, rising rates of investment and employment, and moderate rates of return to capital …

We construct company panel datasets for manufacturing firms in Belgium, France, Germany and the UK, covering the period … 1978-89. These datasets are used to estimate a range of empirical investment equations, and to investigate the role played … the suggestion that financial constraints on investment may be relatively severe in the more market-oriented UK financial …

Over the past century the long-run growth of six economies shows a strong association between investment in machinery …, and that a high rate of machinery investment is a necessary prerequisite for rapid long-run productivity growth - a …

This paper estimates a dynamic structural model of discrete R&D investment and quantifies its cost and long-run benefit … expected firm value generated by the R&D investment. It increases firm value by 6.7 percent for the median firm in high … innovation significantly raise investment rates and productivity while reductions in startup costs have little effect …