Research Economist / Economista Senior |
Departamento de Análisis de Coyuntura, Gerencia de Análisis Macroeconómico,
Dirección de Estudios, Banco Central de Chile |
| Ph.D., M.A. Economics / Economia |
| Department of Economics, University of Minnesota |
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| About me [Résumé] / Acerca de mí |
I come from Ecuador, where I obtained a B.A. in Economics at the Universidad San Francisco de Quito in 1999. After a year as an Economic Analyst in CORDES, I spent two and a half years at the Universidad de Chile's Center for Applied Economics in its Master's program. In 2003, I enrolled in the Economics Departament at the University of Minnesota where I obtained an M.A. (2007) and a Ph.D. (2009) in Economics. Currently, I am a Research Economist at the Central Bank of Chile.
Vengo de Ecuador, dónde obtuve una Licenciatura en Economía de la Universidad San Francisco de Quito en 1999. Después de un año como analista económico en CORDES, estuve dos y medio años en el programa de Maestría del Centro de Economía Aplicada de la Universidad de Chile. En 2003, ingresé al Departamento de Economía de la Universidad de Minnesota dónde obtuve una Maestría (M.A., 2007) y un Doctorado (Ph.D., 2009) en Economía. En la actualidad, soy Economista Senior en el Banco Central de Chile. |
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| Research |
"The Role of Labor Markets in Structural Change" [paper]
[Abstract] Why did services become the dominant sector in industrialized economies? While abundant literature exists on the transition from agriculture to industry (i.e., the industrial revolution), there is no consensual explanation for the second wave of structural change. I argue that sectoral differences in regulation affecting the degree of competition in labor and goods markets explain: (a) the rise in the service sector share of output and employment, (b) international differences in sectoral structure, and (c) changes in relative sectoral wages. Using evidence on market imperfections, I calibrate a two-sector model where household unions bargain with firms for wages. The least competitive sector pays higher wages, and employment is restricted accordingly. The model produces time series consistent with the service revolution as it happened in the Unites States and European economies between 1950 and 2000. In particular, while generating changes in shares of output and employment, the model offers an explanation for relative wage differences, which the standard literature misses.
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"FDI vs. Exports: Accounting for Industry Differences in Export-Sales Intensities"
- with Katherine Lande Schmeiser [paper]
[Abstract] Industry level data shows striking differences among sectors in ratios of exports to FDI sales. We determine what is needed to endogenously generate this pattern of export and FDI sales. By calibrating a model of monopolistic competitive firms, we find that tradability of goods is not enough to capture the observed sectoral differences, as is commonly assumed. We explore variants of the model and show that sector-specific taxes on multinationals and home bias allow us to replicate these differences
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"Interindustry wage differences: an empirical review" [paper]
[Abstract] The paper surveys the literature on industrial and sectoral wage differentials. It begins with a review of the empirical evidence and methods to estimate wage differences. Later, it shows estimates of these differentials for the United States using Current Population Survey (CPS) data from 1968 to 2008. The presence of interindustry wage differentials is reported for a number of different specifications. A key finding is that while wage differentials have monotonically decreased for male workers over the period analyzed, the inclusion of female workers disrupts this trend. |
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