' productivities from their education choices. In reality, firms also use sophisticated pre-employment auditing to learn workers …

), and firms have the option of auditing to learn workers’ productivities. Audits are costly and non–contractible. We … characterize the trade–offs between signaling by workers and costly auditing by firms. Auditing is always associated with (partial … feature new auditing patterns and explain empirical observations in labor economics like wage differentials and comparative …

are the only source of investment because of the demographic structure of the overlapping generations model. This result …

properties of the equilibrium investment behavior. The bilateral external benefits induce an investment multiplier effect. This … how it interacts with other important factors such as the costs of investment and the signaling incentives induced by …

Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the … time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to … account, but a significant positive relationship between cash flow and investment remains for relatively small firms. In the …

Tax incentives are a key component of governments’ investment policy mix as they directly impact companies’ tax burden …. In this paper, we illustrate the EU’s tax attractiveness as investment location over time in terms of effective average …