Die regulatorischen Kapitalanforderungen für Banken stellen häufig keine korrekte Erfassung des tatsächlichen ökonomischen Ausfallrisikos von mit Eigenkapitel zu unterlegenden Forderungen dar. Diese Diskrepanz zwischen ökonomischer und regulatorischer Kapitalunterlegung wirft insbesondere...

Large variation in the estimated income premium of occupational licensing can be found in the existing literature. I revisit the natural experimental design of a change in the German crafts regulation in 2004, which removed the traditional licensing requirement for self-employment in certain...

The empirical literature on occupational licensing finds standard monopoly effects of entry regulations: Less competition and economic rents for professionals. I exploit the natural experimental design of a change in the German crafts regulation in 2004, which removed the traditional licensing...