Consumer saving and borrowing. Measuring economic links among relatives. Compensating wage differentials.
EDUCATION
Ph.D., Economics, Northwestern University, Evanston, Illinois. December 2000
M.A., Economics, Centro de Estudios Monetarios y Financieros (CEMFI), Madrid, Spain 1995
B.A., Economics, Universidad Complutense de Madrid, Madrid, Spain, 1993
TEACHING EXPERIENCE
Graduate: Topics in Public Finance: micro and macro perspectives.
Undergraduate: Economics of the Labor Market. Introductory Econometrics, Public Economics, International Economics.
RESEARCH GRANTS
BBVA Foundation “Household Income and Employment Strategies” Project Director: Gosta Esping-Andersen. 2005-2007.
DGES Fellowship (SEJ2004-03149) “The Welfare State and the European Labor Market” Project Director: Luisa Fuster. 2005-2007. 70,000 euro.
Ramon Areces Foundation “How do Intergenerational Links Affect Public Policy?” (Project director: Ernesto Villanueva) 2002-2004. 18,000 euro.
DGES Fellowship (SEC2001-674). “The Welfare State and the European Labor Market,” (Project director: Luisa Fuster) 2001-2004. 66,000 euro.
Research Training Network “Financing Retirement in Europe: Public Sector Reform and Financial Market Development.” (Project Director: Xavier Freixas), 2002-2006.
Northwestern Dissertation Year Fellowship, 1999 – 2000
Graduate Fellow, Joint Center for Poverty Research, Northwestern University 1999-2000
PUBLICATIONS IN REFEREED JOURNALS
1.- Does high cost of mortgage debt explain why young adults live with their parents? (with Nuno Martins, Universidade Nova de Lisboa) Journal of the European Economic Association (forthcoming) Banco de Espana Research Paper No. WP-0628
2.- Estimating compensating wage differentials using voluntary job changes: Evidence from Germany (July 2007) The Industrial and Labor Relations Review Vol 60 No. 4: 544-561.
3.- The marginal propensity to spend on adult children (forthcoming) (joint with Joseph Altonji) The B. E. Journals in Economic Analysis & Policy Volume 7 Iss. 1 (Advances). Article 14.
4.- The impact of mortgage interest rate subsidies on household borrowing (2006) (joint with Nuno Martins) Journal of Public Economics Volume 90, Issues 8-9 1601-1623.
5.- Inter vivos transfers and bequests in three OECD countries (2005) Economic Policy Volume 20, Issue 43 ppss. 505-565.
PAPERS UNDER REVISION
- Parental altruism under imperfect information: Theory and Evidence, Universitat Pompeu Fabra September 2002. Working Paper no. 650 (in submission).
CONTRIBUTION TO VOLUMES
Credit Constraints and Household Formation. (joint with Nuno Martins). (2006) Edgar Elgar, eddss. “What Helps or Hinders Job Mobility in Europe?” Editors: Claudio Michelacci, Julian Messina, Jarkko Turunen, Gylfi Zoega.
WORK IN PROGRESS
1.- Employment risk and the living arrangements of young adults: Evidence from differences in firing costs (joint with Mario Garcia, NERA) Banco de España Working paper no 738.
2.- The effects of the introduction of tax incentives on retirement savings (joint with Juan Ayuso and Juan Jimeno, Bank of Spain) Banco de Espana Working Paper no 0724.
3.- Intergenerational mobility in Spain (joint with Esther Kalkbrenner).
4. - The reponse of expected bequests to income shocks early and late in life (joint with Joseph Altonji).
(SELECTED) PRESENTATIONS AT CONFERENCES, LAST THREE YEARS
2007:
1. “Employment risk and the living arrangements of young adults: Evidence from differences in firing costs” SOLE Meetings, USA; FEDEA.
2. "The effects of the introduction of tax incentives on retirement savings" Summer EEA Meetings, HUNGARY Economics of Aging Conference, ITALY, Universitat Pompeu Fabra, SPAIN; CEMFI Workshop on Policy Evaluation, SPAIN.
2006:
1. “Does Limited Access to Mortgage Debt Explain Why Young Adults Live With Their Parents?” NBER Summer Meetings, USA; Workshop on “Consumption and Credit in Countries with Developing Credit Markets”, European University Institute, ITALY; SOLE Meetings, USA.
2. “Employment risk and the living arrangements of young adults: Evidence from the Spanish Labor Market” 3rd ZEW Conference on Policy Evaluation, Mannheim. XXXII Simposio de Análisis Económico, Oviedo, SPAIN.
3. “Intergenerational Mobility in Spain” EALE Meetings in Prague, CZECH REPUBLIC
4. “Do tax incentives increase savings for retirement? Evidence from Spain” SUERF Conference, Lisbon, PORTUGAL.
2005:
1. “Does Limited Access to Mortgage Debt Explain Why Young Adults Live With Their Parents?” 1st Conference on Policy Evaluation, Seville. SPAIN. Joint EALE-SOLE Conference. San Francisco, UNITED STATES.
2. “Compensating Wage Differentials and Voluntary Job Changes: Evidence from Germany” Cost Conference On The Evaluation of Labor Market Programs” Uppsala, SWEDEN. Winter Meetings of the Econometric Society, Philadelphia, USA“The impact of mortgage interest rate subsidies on household borrowing” 6th RTN Conference “Aging in Europe”. Frankfurt, GERMANY.
DISCUSSIONS (LAST THREE YEARS)
1. Elisabetta Trevisan (University of Venice) “Job Security and New Restrictive Permanent Contracts. Are Spanish Workers More Worried of Losing Their Job?” 3rd ZEW Conference on Policy Evaluation.
2. Chuck Manski (Northwestern University) “Comparing the Point Predictions and Subjective Probability Distributions of Professional Forecasters” Fundacion Ramon Areces on subjective expectations data, Madrid, SPAIN, March 2006
3. Aitor Lacuesta (University of Chicago) “Human Capital and Migration Decisions: Who Leaves, Who Comes Back and What Difference Does it Make?” Policy Evaluation Workshop, Madrid SPAIN. June 2005.
4. Alfonso Flores-Lagunes (University of Arizona) and Audrey Light “Measurement Error in Schooling: Evidence from a Sample of Siblings” Winter Meetings of the Econometric Society, Pennsylvania US. January 2005
INVITED SEMINARS
Bank of Spain (2005), CEMFI (2004), European University Institute (2003), FEDEA (2006), Institute for the Study of Labor (IZA) (2000), London School of Economics (2005), Northwestern University (1999, 1999), Queen’s University (2000), Queen Mary and Westfield College (2000), Tinbergen Institute (2003), University of Alberta (2000), Universitat Autonoma de Barcelona (2003), Universitat de ses Illes Balears (2001), Universidad de Alicante (2000), Universidad de Navarra (2002), Universidad Carlos III (2000, 2003), Euskal Herriko Universitatea (2004), Universitá di Roma “Tor Vergata” (2003), Universitat Pompeu Fabra, Universitá de Salerno (2000) and Utrecht University (2005).
SCIENTIFIC SERVICE
1. Referee for the American Economic Review (2), Economic Journal (7), Empirical Economics (2), European Economic Review, Fundación Ramón Areces, Investigaciones Economicas (2), FinanzArchiv, Journal of Applied Econometrics, Journal of Economic Dynamics and Control, Journal of the European Economic Association, Journal of Political Economy, Journal of Public Economics (2), Journal of Public Economic Theory, Labour Economics (2), Macroeconomic Dynamics, Mathematical Population Studies, Revista de Economía Aplicada (2) and Spanish Economic Review (2).
2. Codification with Nuno Martins (Universidade Nova de Lisboa) of new dataset matching Portuguese Labor Force Survey (IE) and administrative records of individual debt (CRC). Available at the Bank of Portugal for interested researchers.
3. Co-organizer with Luigi Pistaferri (Stanford University) of scientific conference: “What do we learn from subjective expectations data?” Madrid, March 2006. Funded by Fundación Ramón Areces.
4. Program Committee Member, Simposio de Análisis Económico, December 2002, December 2003.
5. Member of the “Intergenerational Transfers” Working Group in SHARE 2002-2005. (EU-sponsored project building up a household survey of health, aging and retirement project for several European countries).
6. Member of the European Network on Inequality 2004-2005 (joint project on inequality with the Kennedy School at Harvard University).
7. Co-organizer of the Policy Evaluation Workshop, September 2006- (Madrid area seminar on microeconometrics). Co-organizer of the Labor Economics and Public Finance Seminar at Universitat Pompeu Fabra, September 2001-June 2005.
8. Member of Thesis Committee of
Miguel Angel Carpio, Universitat Pompeu Fabra (expected 2009)
Christina Felfe, Universitat Pompeu Fabra (expected 2008)
Jorge González-Chapela, Universitat Pompeu Fabra. 2004 (First Job: University of Mannheim).
Alejandro Lugón, Universitat Pompeu Fabra. 2004 (First job: Universidad de Perú).
