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Ernesto Villanueva

Banco de España, Spain

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IZA World of Labor role

Author

Current position

Head of Microeconomic Studies Division, Structural Analysis and Micro Studies Department, Banco de España, Spain

Research interest

Labor economics, saving and borrowing

Website

http://bit.ly/Villanueva_personalpage

Past positions

Economist, Research Department, Banco de España, Spain (2005–2018); Assistant Professor, Department of Economics, Universitat Pompeu Fabra, Spain (2000–2005)

Qualifications

PhD Economics, Northwestern University, 2000

Selected publications

  • "Wage determination and the bite of collective contracts in Italy and Spain." Labour Economics (2022) (with E. Adamopoulou).

  • "Task specialization and cognitive skills: Evidence from PIAAC and IALS." Review of Economics of the Household (2021) (joint with M. Martínez-Matute).

  • "The response of household wealth to the risk of job loss: Evidence from differences in severance payments." Labour Economics Volume 39 (2016): 35–54 (with C. Barceló).

  • “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.

article(s)

  • Employment and wage effects of extending collective bargaining agreements Updated

    Sectoral collective contracts reduce inequality but may lead to job losses among workers with earnings close to the wage floors

    Ernesto VillanuevaEffrosyni Adamopoulou, April 2022
    In many countries, the wage floors and working conditions set in collective contracts negotiated by a subset of employers and unions are subsequently extended to all employees in an industry. Those extensions ensure common working conditions within the industry, mitigate wage inequality, and reduce gender wage gaps. However, little is known about the so-called bite of collective contracts and whether they limit wage adjustments for all workers. Evidence suggests that collective contract benefits come at the cost of reduced employment levels, though typically only for workers earning close to the wage floors.
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