This paper examines the internal and external pressures and incentives that affect the decision to pursue capital expenditure (CAPEX) and research and development (R&D) projects in order to assess whether firms are compensating managers and board members effectively in the context of their long...

This paper seeks to gain insights on the relationship between growth and unemployment, when considering heterogeneous agents in terms of age. We introduce life cycle features in the endogenous job destruction framework à la Mortensen and Pissarides (1998). We show that, under the assumption of...