Working Papers

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2025_2531: Familiar Taste, Safer Choices: Sensory Heuristics and the Adoption of Clean Water

Giulia Buccione and Martín A. Rossi

2025_2530: Dual Labor Markets and the Equilibrium Distribution of Firms

Josep Pijoan-Mas and Pau Roldan-Blanco

2025_2529: Family: Burden or Support to Entrepreneurship in Times of Crisis?

Yanina Domenella

2025_2528: Disability and Labor Inclusion: Experimental Evidence from Spain

Yanina Domenella and Samuel Bentolila

2025_2527: The Cost of Waiting for Nationality: Impact on Immigrant’s Labor Market Outcomes in Spain

Yanina Domenella

2025_2526: Education, Lifestyles, and Health Inequality

Jesús Bueren, Josep Pijoan-Mas and Dante Amengual

2025_2525: Firms, Flexibility, and Fertility

Nezih Guner, Ezgi Kaya, Alessandro Ruggieri and Virginia Sanchez-Marcos

2025_2524: Separations Revisited: Do Layoffs or Quits Drive Lower Separation Rates in High-Quality Firms?

Cauê Dobbin, Daniel Fernandez and Tom Zohar

2025_2523: The Costs of Counterparty Risk in Long-Term Contracts

Natalia Fabra and Gerard Llobet

2025_2522: Storage and Renewable Energies: Friends or Foes?

David Andrés-Cerezo and Natalia Fabra

2025_2521: Designing Contracts for the Energy Transition

Natalia Fabra and Gerard Llobet

2025_2520: The Role of Friends in the Opioid Epidemic

Effrosyni Adamopoulou, Jeremy Greenwood, Nezih Guner and Karen Kopecky

2025_2519: Exporter Survival with Uncertainty and Experimentation

Sebastián Fanelli, Juan Hallak and Yongkun Yin

2025_2518: Finance Over the Life Cycle of Firms

Federico Kochen

2025_2517: Family-Friendly Policies and Fertility: What Firms Have to Do With It?

Olympia Bover, Nezih Guner, Yuliya Kulikova, Alessandro Ruggieri and Carlos Sanz

2025_2516: The Origins of Top Firms

Rafael Guntin and Federico Kochen

2025_2515: Nonlinear Micro Income Processes with Macro Shocks

Martín Almuzara, Manuel Arellano, Richard Blundell and Stéphane Bonhomme

2025_2514: Seeds of Prejudice: The Impact of British Colonization on Attitudes towards Sexual Minorities

Alexsandros Cavgias and Cristian Navarro

2025_2509: From Incurred to Expected Loss: Implications for Bank Lending

Jorge Abad, Daisuke Ikeda and Javier Suarez

2025_2508: A Model of Interacting Banks and Money Market Funds

Martin Farias and Javier Suarez

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