We analyze how the expiration of a regional bonus depreciation regime in eastern Germany ( Development Area Law , DAL) affected real investments and asset structures of establishments in the manufacturing sector. Our rich administrative data allow us not only to identify the aggregate effect,...

We introduce dynamic incentive contracts into a model of unemployment fluctuations. Our main result is that wage cyclicality from incentives does not affect the response of unemployment to productivity shocks. The response of unemployment is the same, to a first order, in two economies: one with...

We introduce dynamic incentive contracts into a model of unemployment fluctuations. Our main result is that wage cyclicality from incentives does not affect the response of unemployment to productivity shocks. The response of unemployment is the same, to a first order, in two economies: one with...

The “Handbook of Accounting, Accountability and Governance”, Edited by Garry D. Carnegie - Emeritus Professor, RMIT University, Melbourne, Australia and Christopher J. Napier - Professor of Accounting, School of Business and Management, Royal Holloway, University of London, UK, is a...