Research





Working Papers

                   

  • Unemployment Risks and  Intra-Household  Insurance   (Slides)
            Online Appendix

We study the constrained efficient intra-household insurance and what unemployment risks should be publicly insured in an economy with incomplete markets and intra-household risk sharing, where households are formed by a job-seeker and an employed spouse and differ by the productivity of the spouse. Unlike the spouse's total income, neither her productivity nor labor supply is observed. We characterize the directed search equilibrium, and show that the spouse's labor supply is negatively affected by unemployment benefits regardless of the search outcome of the worker in line with the empirical evidence. We show that the optimal unemployment benefits are contingent on the household's total income as it affects the trade-off between consumption-smoothing and job search incentives. We numerically explore the welfare gains of implementing a household-income-based unemployment insurance.




Work in Progress

  • A Search Model of the Creation and Dynamics of International Trade Partnerships, with Claustre Bajona

  • Intermediation in the Housing Market
  • Effects of Switching Occupations along the Job Search
  • Untitled, with Lian Allub and Hernán Seoane
  • Untitled, with Jean Flemming




Published and forthcoming Papers

            Data files
          Online Appendix

           Data files
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        Online Appendix

             

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