Ludo Visschers -- Research

Note: Now *fixed*(19/9/20) that Google links stopped functioning after the transition to the new google sites; other access to papers: my IDEAS/RePEc site

Professor, University of Edinburgh

Investigador Asociado, Universidad Carlos III de Madrid ⬦ IZA ⬦ CESifo


CV (pdf) Short abstracts of publications

Working papers Publications

Working Papers

Unemployment and Endogenous Reallocation over the Business Cycle ⚬ with Carlos Carrillo-Tudela ⚬ Revised and Resubmitted, Econometrica ⚬ New Version, October 2021

full version (198 pages, with all appendices and links internal to document) ⚬ lean version (45 pages) ⚬ Online Appendix (incl. different calibrations)

Supplementary Appendix A: On Occupational Coding Errors in the SIPP and their correction
Supplementary Appendix B: Data (robustness across SIPP/CPS/PSID, occupation and industrial mobility, workers'own retrospective mobility (no need for occupational codes), data construction
Supplementary Appendix C: Theory

Search and Reallocation in the COVID-19 Pandemic: Evidence from the UK ⚬ with C. Carrillo-Tudela, C. Comunello, A. Clymo, A. Jäckle and D. Zentler-Munro ⚬ July 2021 IZA Discussion Paper No. 13307

* ESRC Covid-19 Grant (EP/V043579/1), 2020-2022
** Covid Grant, Fundacion BBVA, 2020-2022
º College of AHSS CRO COVID-19 Grant, Univ. of Edinburgh

Works in Progress

"Cyclical Earnings and Employment Transitions" ⚬ with Carlos Carrillo-Tudela and David Wiczer

Workers’ Task and Employer Mobility over the Business Cycle ⚬ with Carlos Carrillo-Tudela and Fraser Summerfield

Statistical Gender Discrimination in an equilibrium search model ⚬ with David Cuberes, Marc Teignier, Sevi Rodriguez-Mora

Basic Income and Heterogeneity in Macro (project) ⚬ with Rafael Lopes de Melo, Enric Martorell and Sevi Rodriguez-Mora

Self-employment, Paid employment and Unemployment over the business cycle ⚬ with Matthias Kredler and Ana Millan Tapia ⚬ (this is an older, preliminary, version from the SED) ⚬ slides (2017)

Untitled Project ⚬ with Raul Santaeulalia-Llopis

Older projects

"Employment Uncertainty and Wage Contracts in Frictional Markets" ⚬ 2009

◇ "Market Signaling with Frictions" ◇ "Positive Assortative Matching in Wealth with frictions: A Note " ⚬ old incomplete version ◇ "Interest Rates and Inventories in a Monetary Search Business Cycle Model" ⚬ with Irina Telyukova ⚬ older version 2009 under a different title.

Some Workshops Co-Organized

Barcelona Summer Forum - Economic Growth and Fluctuations Session 2021, 2019, 2018, and 2017 (funding acknowledged by Barcelona GSE, MOVE, MacCaLM, Excelencia Severo Ochoa, Fundacion Ramon Araces, Ministerio Economia y Competitividad Spain)

MacCaLM Workshop 2017, 2018, 2019 and 2021

UC3M-CEMFI Macroeconomics Workshop 2016

Search and Matching Annual Conference 2014

Research Groups/Networks ⚬ UC3M Institute of Economics (IE) ⚬ Search and Matching Europe Research Group ⚬ IZA Institute of Labour ⚬ CESifo research network ⚬ Credit and Labour Market Foundations of the Macroeconomy (Research Project)

Other Links ⚬ Seminar schedule for UC3M, CEMFI, Bank of Spain and FEDEA in one place


Temping Fates in Spain: Hours and Employment during the ‘Great Recession’ and Covid-19 ** ⚬ with Cristina Lafuente and Raul Santaeulalia-Llopis ⚬ accepted, SERIEs (SE: Juanjo Dolado) ⚬ Oct 2021

Revisiting the Hypothesis of High Discounts and High Unemployment ⚬ with Paolo Martellini & Guido Menzio ⚬ July 2021 ⚬ Economic Journal ⚬

"Competing with Asking Prices" ⚬ with Ben Lester and Ronald Wolthoff ⚬ May 2017 ⚬ Theoretical Economics (open access) ⚬

"The Extent and Cyclicality of Career Changes: Evidence for the UK" ⚬ with Carlos Carrillo-Tudela, Bart Hobijn and Powen She ⚬ May 2016, vol. 84, pp 18-41 ⚬ European Economic Review ⚬ open access provided by the ESRC ⚬ working paper version

"Directed Search over the Life Cycle" ⚬ with Guido Menzio and Irina Telyukova ⚬ Janurary 2016, vol. 19, pp 38-62 ⚬ Review of Economic Dynamics ⚬ link to open version February 2015 (alt. link)

"Unemployment Risk and Wage Differentials" ⚬ with Roberto Pinheiro ⚬ May 2015, vo. 157, pp397-424 ⚬ Journal of Economic Theory ⚬ link to earlier version Sept. 2014

"Meeting Technologies and Optimal Trading Mechanisms in Competitive Search Markets" ⚬ with Ben Lester and Ronald Wolthoff ⚬ January 2016, vol. 155, pp 1-15 ⚬ Journal of Economic Theory ⚬ link to ungated version

"Precautionary Demand for Money in a Business Cycle Model" ⚬ with Irina Telyukova ⚬ Nov 2013, 60(8) ⚬ Journal of Monetary Economics ⚬ link to earlier version

"Information Acquisition and the Exclusion of Evidence in Trials" ⚬ with Ben Lester and Nicola Persico ⚬ 2012, 28(1) ⚬ Journal of Law, Economics and Organization

"Labor Market Fluctuations in the Small and in the Large" ⚬ with Richard Rogerson and Randall Wright ⚬ 2009, 5(1) ⚬ International Journal of Economic Theory ⚬ link to NBER WP Version

Non-refereed and other Publications

"Career Changes Decline During Recessions" ⚬ with Carlos Carrillo-Tudela and Bart Hobijn ⚬ 2014-09, ⚬ FRBSF Economic Letter ⬦

"Majority of Hires Never Report Looking For a Job" ⚬ with Carlos Carrillo-Tudela, Bart Hobijn and Patryk Perkowski ⚬ 2015-10, ⚬ FRBSF Economic Letter ⬦

"La derogación (o no) de la reforma laboral del 2012 es todavía una cuestión de fe más que de razón"** ⚬ with Cristina Lafuente and Raul Santaeulalia, ⚬ Nada es Gratis (blog), Nov 2021

Grants Acknowledged

  • *ESRC Covid-19 Grant (EP/V043579/1), 2020-2022

  • **"La eficacia de las políticas públicas sociales anticrisis COVID-19", Fundacion BBVA, 2020-2022

  • College of AHSS CRO COVID-19 Grant, Univ. of Edinburgh, 2020

  • CAHSS Challenge Investment Fund 2019, Univ of Edinburgh

  • María de Maeztu grant (reference: MDM 2014-0431) 2015-2019, through the Institute of Economics, U. Carlos III de Madrid, Spanish Government

  • ESRC Large Grant “Credit and Labour Market Foundations ofthe Macroeconomy” -- MacCaLM (co-I, 2015-2019)

  • ESRC Research Grant “Transparency in Procurement, the Design and Use of Information in Trading” (co-I, 2016-2019)

  • MadEco-CM grant (reference: S2015/HUM-3444) 2016-2019, through the Institute of Economics, U. Carlos III de Madrid

  • Chancellor's Fellowship, The University of Edinburgh (2013-2019)

  • Juan de la Cierva Fellowship, Ministry of Science and Innovation, Spain (PI, 2011-2013)

  • Spanish Ministry of Science and Innovation Grant “Market Frictions, Household Saving and Labor Supply Decisions and Public Policy'' (co-I, 2011-2013)

  • Banco de España, Programa de Excelencia (co-I, 2011-2014)

  • President’s Research Grant, Simon Fraser University (2007)

Contact Info


Snail Mail address: School of Economics The University of Edinburgh

30 Buccleuch Place, EH8 9JT, Edinburgh United Kingdom

(all material on this website (c) LPV and coauthors, 2010-2020 and onwards)