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Ernesto Villanueva

Banco de España, Spain

I'm excited to be a part of this innovative project. I hope that policymakers and academics alike will find World of Labor a useful way to quickly learn the latest state of research on a wide range of issues in labor policy

IZA World of Labor role

Author

Current position

Economist, Research Department, Banco de España, Spain

Research interest

Household wealth and consumption, inter vivos transfers and bequests, wage structure and compensation

Website

http://bit.ly/Villanueva_personalpage

Past positions

Assistant Professor, Department of Economics, Universitat Pompeu Fabra, Spain, 2000–2005

Qualifications

PhD Economics, Northwestern University, 2000

Selected publications

  • “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.

article(s)

  • Employment and wage effects of extending collective bargaining agreements

    Extending provisions of collective contracts to all workers in an industry or region may lead to employment losses

    Ernesto Villanueva, March 2015
    In 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.
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