Embedded Files
Working papers
Working papers
"Preference Heterogeneity versus Economic Incentives: What Determines the Choice to Give Care to the Elderly?" (with Daniel Barczyk and Yu Kyung Koh)
This draft: Nov. 2025
"Family Transfers and Consumption Insurance: A Lifecycle Model" (with Daniel Barczyk and Sean Fahle)
This draft: Sept. 2025
"Risk-sharing with a central authority: Free-riding, lack of commitment, and bail-outs" (with Rubén Veiga-Duarte)
This draft: July 2025
"Continuous-time speed for discrete-time models: A Markov-chain approximation method" (with Ivo Bakota)
This draft: April 2024.
"Inequality and Asset Prices" (with Daniel Barczyk)
This version: July 2016. Other versions of this paper were circulated under the title "The ABC of Incomplete-Market Economies with Correlated Shocks".
"Great Opportunities or Poor Alternatives: Self-Employment, Unemployment and Paid Employment over the Business Cycle" (with Ana Millán and Ludo Visschers)
First draft: Jan. 2014, preliminary and incomplete)
"Does the Real Interest Rate Drive Investment? A Structural-Estimation Approach"
This version: Aug. 2013. The previous version of this paper was circulated under the title "Bayesian Estimation of a Dynamic Partial-Equilibrium Model for Investment".)
Publications
Publications
"Being Young in Spain and the Scars from Recessions" (with Andrés Erosa and Ismael Gálvez)
Forthcoming in Economic Journal (Oct. 2025)
"Save, Spend or Give? A Model of Housing and Family Insurance in Old Age" (with Daniel Barczyk and Sean Fahle)
Review of Economic Studies, 90 (5), 2023: 2116–2187.
short article (uc3nomics blog)
"Blast from the Past: The Altruism Model is Richer than you Think" (with Daniel Barczyk)
Journal of Economic Theory, 198, 2021
"Long-Term Care across Europe and the U.S.: The Role of Informal and Formal Care" (with Daniel Barczyk)
Fiscal Studies, 40(3), 2019: 329-373
Stata do-files
short VoxEU article
short article in Spanish in the Blog Ágora of Fundación Ramón Areces, which financed this research project to a great extent
"Evaluating Long-Term Care Policy Options, Taking the Family Seriously" (with Daniel Barczyk)
Review of Economic Studies, 85(2), 2018: 766-809
"Altruistically-Motivated Transfers under Uncertainty" (with Daniel Barczyk)
Quantitative Economics, 5(3), 2014: 705-749
computational appendix with an introduction to the Markov-chain approximation method for continuous-time optimization problems
"A Dynamic Model of Altruistically-Motivated Transfers" (with Daniel Barczyk)
Review of Economic Dynamics, 17(2), 2014: 303-328
"Vintage Human Capital and Learning Curves"
Journal of Economic Dynamics & Control, 40, 2014: 154-178
"Experience vs. Obsolescence: A Vintage-Human-Capital Model"
Journal of Economic Theory, 150, 2014: 709-739
job-market slides (with an application to German earnings data)
I also acknowledge Spanish research funding:
I also acknowledge Spanish research funding:
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