Banco de España, Spain
IZA World of Labor role
Economist, Research Department, Banco de España, Spain
Household wealth and consumption, inter vivos transfers and bequests, wage structure and compensation
Assistant Professor, Department of Economics, Universitat Pompeu Fabra, Spain, 2000–2005
PhD Economics, Northwestern University, 2000
“Does high cost of mortgage debt explain why young adults live with their parents?” Journal of the European Economic Association 7:5 (2009): 974–1010.
“Estimating compensating wage differentials using voluntary job changes: Evidence from Germany.” The Industrial and Labor Relations Review 60:4 (2007): 547–561.
“The marginal propensity to spend on adult children.” The B. E. Journal of Economic Analysis and Policy 7:1 (2007) (with J. Altonji).
“The impact of mortgage interest rate subsidies on household borrowing.” Journal of Public Economics 90:8–9 (2006): 1601–1623 (with N. Martins).
“Inter vivos transfers and bequests in three OECD countries.” Economic Policy 20:43 (2005): 505–565.
Extending provisions of collective contracts to all workers in an industry or region may lead to employment lossesErnesto Villanueva, March 2015In many countries, the minimum wages and working conditions set in collective bargaining contracts negotiated by a limited set of employers and unions are subsequently extended to all the employees in an industry. Those extensions ensure common working conditions within the industry, limit wage inequality, and reduce gender wage gaps. However, several studies suggest that those benefits come at the cost of reduced employment levels, especially during recessions. The income losses of workers who are displaced because of a collective contract extension can offset the wage gains among workers who keep their jobs.MoreLess