Informality, Economic Complexity, and Internalization of Rules. [Publication ] (with Hernández-Umana and Godoy-Bejarano ) -- Frontiers in Sociology, 2023
Search and Wealth Distribution in Labor Markets With Concave Job-Finding Rates - [Preprint] (with Rafael Serrano. ) 2024
How Economic Complexity and Internalization Rules Shape Informal Labor Across Nations? [Preprint ] (with Hernández-Umana) 2023
A continuous-time heterogeneous agent model with stochastic income shocks - (with Rafael Serrano and Juan Carlos Zambrano ) 2025
Welfare effects of unemployment insurance: Bifurcation Analysis.
The geography of biomass as an asset, shocks, and income inequality: evidence from Latin America.
Estimating the effect of the past on economic decisions: crop choice persistence (with Ivan de las Heras and Juan Pablo Martínez)
Firm size, informality and unemployment: The Colombian case (with Juan Camilo Medellín)
Deforestation and Economic Growth. 2026:
"This paper studies the relationship between deforestation and local economic growth. using municipal-level panel data in Colombia from 2011 to 2022. The empirical analysis documents two stylized facts. First, the returns to deforestation are strongly state-dependent: the marginal effect of forest conversion on primary value added is positive when remaining forest exceeds approximately 61% of the year-2000 baseline, and negative below that threshold, consistent with diminishing returns at the agricultural frontier. Second, local projections show that this state-dependence intensifies at medium horizons – peaking around four years ahead – and that deforestation reduces cumulative value-added growth in forest-abundant municipalities while raising it in severely depleted ones. To rationalize these facts, I build a continuous-time economy with a continuum of households that differ in wealth and forest endowment. Each household solves an optimal stopping problem, choosing when to permanently cease converting forest into productive land. The model is formulated as a Hamilton– Jacobi–Bellman Variational Inequality coupled with a Kolmogorov–Forward equation. The optimal policy features a wealth-dependent stopping threshold S^*(a): wealthier agents cease deforestation at higher forest cover levels, generating endogenous wealth–forest complementarity without imposing it directly."
"From equilibria to stationary distributions". 2026 (Link)
Job search and distribution of wealth in a model of the labor market - [periodico-nova-et-vetera] (with Rafael Serrano. ) 2023