Research

Publications:

“Unveiling the Impact of Income Taxes on Inequality in a HACT Model.” Journal of Macroeconomics 79, Article 103581, 2024.

“Transfers and Resilience in Economic Networks” (with A. Montecinos). The B.E. Journal of Theoretical Economics 24(1): 77-126, 2024.

“Aggregate Costs of a Gender Gap in the Access to Business Resources” (with J. Gonzalez). The B.E. Journal of Macroeconomics 23(2): 677-709, 2023.

“The Distributional Effect of Trade Openness on the CEO Market”  (with J. A. Correa and R. Sánchez). Economica 90(357), 111-139, 2023.

“The Hidden Compliance Zone of Fiscal Rules”. Applied Economics Letters 30(12), 1661-1670, 2023.

“The Problem of Evil: An Economic Approach.” Kyklos 74(4), 527-551, 2021.

“The Effect of Accidents on Labor Market Outcomes: Evidence from Chile” (with V. Pohl).  Health Economics 30(5): 1015-1032, 2021.

“Environmental Misallocation in the Copper Industry” (with J. A. Correa, M Gómez, and A. Luengo). Resources Policy 71(C), Article 102003, 2021.

“Why Is Free Education So Popular? A Political Economy Explanation” (with J. A. Correa, Y. Lu,  and M. Villena). Journal of Public Economic Theory 22(4), 973-991, 2020.

“On the Heterogenous Short-Terms Effects of Minimum Wages on Labor Demand” (with J. A. Correa).  International Journal of Economic Theory 16(2), 184-195, 2020. 

“Does Finance Alter the Relation Between Inequality and Growth?” (with M. Braun and P. Valenzuela).  Economic Inquiry 57(1), 410-428, 2019. 

“Understanding the Supply and Demand Forces behind the Fall and Rise in the  U.S. Skill Premium.” Macroeconomic Dynamics 23(6), 2191-2220, 2019.

“Fiscal Rules and Financial Systems: Complement or Substitutes?” (with J. G. Fernández). Oxford Bulletin of Economics and Statistics 81(3), 588-616, 2019.

“Capital-Skill Complementarity: Does Capital Composition Matter?” (with J. A. Correa and M. Lorca). Scandinavian Journal of Economics 121(1), 89-116, 2019. 

“Unintended Displacement Effects of Youth Training Programs in a Directed Search Model” (with M. Gómez). Journal of Labor Research 40(2), 230-247, 2019. 

“Measuring the Impact of Financial Taxation on Capital: Evidence from Chilean Manufacturing Plants” (with J. A. Correa and M. Lorca).  Journal of Applied Economics 22(1), 23-29, 2019.  

“The Persistent Effect of Socioeconomic Status on Education and Labor Market”  (J. A. Correa, P. Gutiérrez. M. Lorca, and R. Morales). Applied Economic Analysis 27(79), 62-90, 2019.

“Economic Growth and the Chilean Labor Market” (with L. Reyes). Journal Economía Chilena, 22(2), 70-95, 2019. 

“The Effects of Protests on Agent’s Expectations: Evidence from Students’ Demonstrations in Chile” (with J. A. Correa and R. Morales) The Developing Economies 56(3), 221-235, 2018.

“The Fundamental Contradiction of the Capitalism Revisited”  (with M. Gómez). Bulletin of Economic Research 70(4), 381-399, 2018.

“Longevity, Human Capital, and Domestic Investment” (with F. Szederkenyi and P. Valenzuela).  Economics Bulletin 38(3), 1547-1553, 2018.     

“The Rise and Fall of Income Inequality in Chile” (with L. Reyes).  Latin American Economic Review 26(3), 1-31, 2017. 

“Self-Selection in the Market of Teachers” (with J. A. Correa and L. Reyes). Applied Economics 47(13), 1331-1349, 2015. 

“Private Incentives for Specialization in a Changing and Unpredictable Labor Market.” Theoretical Economics Letters 5: 163-168, 2015. 

“The Effects of Vouchers on School Results: Evidence from Chile's Targeted Voucher Program” (with J. A. Correa  and L. Reyes). Journal of Human Capital 8(4), 351-398, 2014. 

“Effects of Fiscal Policy on Private Consumption: Evidence from Structural-Balance Fiscal Rule Deviations” (with  J. A. Correa, C. Ferrada, and P. Gutierrez). Applied Economics Letters 21(11), 776-781, 2014. 

“The Taxable Income Fund (FUT):  Elements for the Discussion” (with R. Cerda, J.A. Correa, and J.D. Penafiel).  Estudios Públicos 135 (invierno), 39-87, 2014 (Spanish). 

“International Evidence on the Gender Gap in Education over the Past Six Decades: A Puzzle and an Answer to It.” Journal of Human Capital 6(2), 150-185, 2012. 

“A Supply-Demand Framework for Understanding the U.S.Gender Gap in Education” The B.E. Journal of Macroeconomics 12(1), Article 17, 2012. 

“Chile Less Volatile”  (with F. Larrain). El Trimestre Económico 75(299): 563-592, 2008 (Spanish). 

“Do Exchange Rate Regimes Matter? Evidence for Developing Countries” (with F. Larrain). Latin American Journal of Economics 40(121), 635-645, 2003 (Spanish). 

Policy Papers:

“Efficiency of Public Spending in the CID Countries” (with C. Pessino, A. Zaltsman, and J. Zentner). Inter-American Development Bank (IDB), 2021 (Spanish).

“Gender Budgeting: Lessons for the CID Countries” Technical Note No. IDB-TN-02123, Inter-American Development Bank (IDB), 2020 (Spanish). 

“Domestic and External Trade in the Dominican Republic: Diagnosis, Challenges and Opportunities” (with J. Zentner). Technical Note No. IDB-TN-01829, Inter-American Development Bank (IDB), 2019.

“Digital Infrastructure in the Dominican Republic: Diagnosis, Challenges and Opportunities” (with J. Zentner). Technical Note No. IDB-TN-01770, Inter-American Development Bank (IDB), 2019.

“Industrial Policy and Economic Growth,” in New Horizons for Public Policies:  Pontificia Universidad Católica de Chile Press, Santiago, Chile, 2018 (Spanish).

“Quantifying Misallocation and its Effects on Aggregate TFP: A Survey” (with A. Aguirre). Background paper the project  'Boosting Productivity in Sub-Saharan Africa,' World Bank, 2016.

“The Importance of the Labor Market for the Pensions,” in Pensions: Proposals for the Future. Santiago:  Libertad y Desarrollo Press, Santiago, Chile, 2015 (Spanish).

“The Teaching Statute and Self-Selection of Teachers in the Public Education Sector,” with J. A. Correa and L. Reyes, in Impact of Public Policies 2010-2014. Santiago: Government of Chile, 2014 (Spanish).

“The ‘Inverted-U Shape’ of Income Inequality in Chile,” with L. Reyes, in Impact of Public Policies 2010-2014. Santiago: Government of Chile, 2014 (Spanish).

“Ricardian Effects of Fiscal Policy in Chile,” with J. A. Correa, C. Ferrada, and P. Gutierrez, in Impact of Public Policies 2010-2014. Santiago: Government of Chile, 2014  (Spanish).

“The Effects of the Preferential Scholastic Subsidy on School Results in Chile,” with J. A. Correa, D. Inostroza, L Reyes, and G. Ugarte, in Impact of Public Policies 2010-2014. Santiago: Government of Chile, 2014 (Spanish).

“Recent Trends in the Chilean Labor Market,” with J. Bravo, J. A. Correa, M. Lorca, and L. Reyes, in Impact of Public Policies 2010-2014. Santiago: Government of Chile, 2014 (Spanish).

“The Effects of the Tax Stamp on the Capital Stock of Firms,” with J. A. Correa and M. Lorca, in Impact of Public Policies 2010-2014. Santiago: Government of Chile, 2014 (Spanish).

“The Chilean Labor Market: Job Creation, Quality, Inclusiveness, and Future Challenges,” (with L. Reyes). Background document, OECD Survey, 2013.

Working Papers:        

“The Effect of School Voucher Spending on Earnings” (with J. A. Correa and R. Sánchez). Submitted.

“Wage Premium in the Public Sector, Misallocation of Talent, and Aggregate Productivity” (with J. Torres). Draft coming soon.

“The Effect of School Voucher Spending on Income Inequality” (with J. A. Correa and R. Sánchez). Draft coming soon.