To determine how asset values of older workers affect their future retirement decisions, it is important to take into account how asset values change over asset cycles. This study uses HRS data from waves 1992 through 2008 together with restricted SSA data on geographic location to estimate a...

In 1986 German federal parental leave and benefit policy was expanded in several ways, extending the potential duration of leave from six to ten months and paying child-rearing benefits to all new mothers regardless of their employment status before childbirth. The potential duration has...

German federal law has increased the potential duration of maternity leave five times since 1985. A theretical model is presented that demonstrates that the return to work hazard rate declines as potential duration cannot decline unless the mother's employment conditions or career expectations...