. We use probability theory to derive initial results, including both distribution-independent and distribution … power depend on the configuration of agreements and disagreements; (2) Independence of mind reduces wage inequality, and …

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

market is characterised by greater flexibility in wages and work arrangements in comparison to Germany. These institutional … dynamics as investment conditions are similar. Our results are consistent with this hypothesis. Furthermore, there is no …

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 …

We study the implications of product market competition and investment for price setting, wage bargaining and thereby …

workers do not have any bargaining power. When a firm invests more, it pays a higher wage in order to attract workers from … competitors. Because workers participate in the returns on investment while only firms bear the costs, investment is inefficiently … low. A binding minimum wage can achieve the first-best level of investment, both in the short run for a given number of …

Theory suggests that firms confront a hold-up problem in dealing with workplace unionism: unions will appropriate a … context of Germany where the works council is the analogue of workplace unionism. Using parametric and nonparametric methods … (favorable) impact on investment. …

documented by Monte Carlo experiments. An empirical application to modelling of real GDP growth and investment-output ratios … dominant effects are found. The results also suggest that increase in investment as a share of GDP predict higher growth rate …

the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …