The Basel II framework strictly defines the conditions under which financial institutions are authorized to accept real estate as collateral in order to decrease their credit risk. A widely used concept for its valuation is the hedonic approach. It assumes, that a property can be characterized...

This paper deals with the effects of entry into motherhood on women's employment dynamics. Our analysis is based on the complete lifetime working- and income histories of a 1% sample of all persons born between 1934 and 1971 and employed in West Germany sometime between 1975 and 1995. We use the...