Working Papers

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2025_2507: The Complementary Role of Information and Contraceptive Access in Teen Pregnancy

Sevin Kaytan, Stwarth Piedra-Bonilla and Tom Zohar

2025_2506: Regulation, Supervision, and Bank Risk-Taking

Rafael Repullo

2025_2505: The Aggregate Costs of Political Connections

Jonas Gathen

2025_2504: Means-Tested Transfers in the US: Facts and Parametric Estimates

Nezih Guner, Christopher Rauh and Gustavo Ventura

2025_2503: Using Event Studies as an Outcome in Causal Analysis

Dmitry Arkhangelsky, Kazuharu Yanagimoto and Tom Zohar

2025_2502: The information matrix test for Markov switching autoregressive models with covariate-dependent transition probabilities

Dante Amengual, Gabriele Fiorentini and Enrique Sentana

2025_2501: Predicting Market Reactions to News: An LLM-Based Approach Using Spanish Business Articles

Jesús Villota

2024_2413: Estimating flexible income processes from subjective expectations data: evidence from India and Colombia

Manuel Arellano, Orazio Attanasio, Sam Crossman and Víctor Sancibrián

2024_2412: Micro responses to macro shocks

Martín Almuzara and Víctor Sancibrián

2024_2411: Portfolio management with big data

Francisco Peñaranda and Enrique Sentana

2024_2410: Banking on Resolution: Portfolio Effects of Bail-in vs. Bailout

Siema Hashemi

2024_2409: The Allocation of Cash Flow by Spanish Firms: New Evidence on the Impact of Financial Frictions

Martin Farias

2024_2407: Labor Market Institutions and Fertility

Nezih Guner, Ezgi Kaya and Virginia Sanchez-Marcos

2024_2406: Information matrix tests for multinomial logit models

Dante Amengual, Gariele Fiorentini and Enrique Sentan

2024_2405: Why not Choose a Better Job? Flexibility, Social Norms, and Gender Gaps in Japan

Kazuharu Yanagimoto

2024_2404: Why Not Tax It? The Effects of Property Taxes on House Price and Homeownership

Francesco Chiocchio

2024_2403: The Role of Friends in the Opioid Epidemic

Effrosyni Adamopoulou, Jeremy Greenwood, Nezih Guner and Karen Kopecky

2024_2402: Demographic Transitions Across Time and Space

Matthew J. Delventhal, Jesus Fernandez-Villaverde and Nezih Guner

2024_2401: The information matrix test for Gaussian mixtures

Dante Amengual, Gabriele Fiorentini and Enrique Sentana

2023_2308: Labor Market Regulation and Informality

Luiz Brotherhood, Daniel Da Mata, Nezih Guner, Philipp Kircher and Cezar Santos

2023_2307: Does Dual Vocational Education and Training Pay Off?

Samuel Bentolila, Antonio Cabrales and Marcel Jansen

2023_2306: Labor Market Power and Development

Tristany Armangué-Jubert, Nezih Guner and Alessandro Ruggieri

2023_2305: The Looming Fiscal Reckoning: Tax Distortions, Top Earners, and Revenues

Nezih Guner, Martin Lopez-Daneri and Gustavo Ventura

2023_2304: Rethinking the Welfare State

Nezih Guner, Remzi Kaygusuz and Gustavo Ventura

2023_2303: Gender Differences in Judicial Decisions under Incomplete Information: Evidence from Child Support Cases

Roberto Asmat and Lajos Kossuth

2023_2302: Highly Irregular Serial Correlation Tests

Dante Amengual, Xinyue Bei and Enrique Sentana

2023_2301: Heterogeneity of Consumption Responses to Income Shocks in the Presence of Nonlinear Persistence

Manuel Arellano, Richard Blundell, Stéphane Bonhomme and Jack Light

2022_2214: Labor Market Power Across Cities

Claudio Luccioletti

2022_2213: Score-type tests for normal mixtures

Dante Amengual, Xinyue Bei, Marine Carrasco and Enrique Sentana

2022_2212: Specification tests for non-Gaussian structural vector autoregressions

Dante Amengual, Gabriele Fiorentini and Enrique Sentana

2022_2211: Intergenerational Transmission of Fertility: Evidence from China’s Population Control Policies

Yongkun Yin

2022_2210: PML vs minimum χ 2: the comeback

Dante Amengual, Gabriele Fiorentini and Enrique Sentana

2022_2209: Income dynamics in dual labor markets

Ivan Lagrosa

2022_2208: Early Labor Market Origins of Long-Term Mental Health and its Intergenerational Correlation

Micole De Vera, Javier García-Brazales and Jiayi Lin

2022_2207: The Management of the Pandemic and its Effects on Trust and Accountability

Monica Martinez-Bravo and Carlos Sanz

2022_2206: Estimating Latent-Variable Panel Data Models Using Parameter-Expanded SEM Methods

Siqi Wei

2022_2205: Income, Employment and Health Risks of Older Workers

Siqi Wei

2022_2204: GDP Solera. The Ideal Vintage Mix

Martin Almuzara, Dante Amengual, Gabriele Fiorentini and Enrique Sentana

2022_2203: Government Procurement and Access to Credit: Firm Dynamics and Aggregate Implications

Julian di Giovanni, Manuel García-Santana, Priit Jeenas, Enrique Moral-Benito and Josep Pijoan-Mas

2022_2202: How Does Children's Sex Affect Parental Sex Preference: Preference Adaptation and Learning

Qianqian Shang, Quanbao Jiang and Yongkun Yin

2022_2201: China’s Demographic Transition: A Quantitative Analysis

Yongkun Yin

2021_2113: Resolution of Final Crises

Sebastián Fanelli and Martin Gonzalez-Eiras

2021_2112: Gender inequality in paid and unpaid work during Covid-19 times

Lidia Farre, Yarine Fawaz, Libertad Gonzalez and Jennifer Graves

2021_2111: Out of Labor and Into the Labor Force? The Role of Abortion Access, Social Stigma, and Financial Constraints

Nina Brooks and Tom Zohar

2021_2110: Political Economy and Structural Transformation: Democracy, Regulation and Public Investment

Monica Martinez-Bravo and Leonard Wantchekon

2021_2109: Income Risk Inequality: Evidence from Spanish Administrative Records

Manuel Arellano, Stéphane Bonhomme, Micole De Vera, Laura Hospido and Siqi Wei

2021_2108: Tests for random coefficient variation in vector autoregressive models

Dante Amengual, Gabriele Fiorentini and Enrique Sentana

2021_2107: Rethinking the Welfare State

Nezih Guner, Remzi Kaygusuz and Gustavo Ventura

2021_2106: Is Marriage for White People? Incarceration, Unemployment, and the Racial Marriage Divide

Elisabeth M. Caucutt, Nezih Guner and Christopher Rauh

2021_2105: The Great Transition: Kuznets Facts for Family-Economists

Jeremy Greenwood, Nezih Guner and Ricardo Marto