Work in progress
- "Housing in growing economies," with Xavier Mateos-Planas and Roman Sustek.
- "Earnings and Wage Dynamics over the business cycle in the
Netherlands," with Mariacristina De Nardi, Marike
Knoef, Gonzalo Paz-Pardo, and Raun Van Oijen.
Papers
- "Saving after retirement and preferences for residual wealth," with Martin
Blomhoff Holm and Thomas Pugh.
Abstract: [...]
- "Job Ladder, Human Capital and the Cost of Job Loss," with Richard Audoly and Federica De Pace.
Abstract: [...]
- "Non-linear Productivity and Investment Dynamics," with Julio Galvez, Beatriz Gonzalez, Juan Carlos
Ruiz-Garcia and Tatsuro Senga.
Abstract: [...]
- "Endogenous grid method." Oxford Research Enclyclopedia in Economics and Finance, forthcoming.
Abstract: [...]
- "Wage Risk and Government and Spousal Insurance," with Mariacristina De Nardi and Gonzalo Paz-Pardo. The Review of Economic Studies, 2025, vol. 92, 954-980.
Abstract: [...]
Online Appendix Replication package
Coverage: VOXEU
- "Family and Government Insurance: Wage, Earnings, and Income Risks
in the Netherlands and the U.S.," with Mariacristina De Nardi,
Marike Knoef, Gonzalo Paz-Pardo, and Ralph Van Oijen. Journal of Public Economics, 2021, vol. 193, article 104327.
Abstract: [...]
Coverage: VOXEU
- "Buffer-stock Saving and
Households' Response to Income Shocks," with Serafin
Frache and Winfried
Koeniger. International Economic
Review, 2020, vol. 61, 1359-1382.
Abstract: [...]
- "Nonlinear
household earnings dynamics, self-insurance, and welfare,"
with Mariacristina De Nardi and Gonzalo Paz-Pardo. Journal
of the European Economic Association, 2020, vol. 18, 890-926.
Abstract: [...]
Here you can
download the Markov chains used in the paper and R code to apply our
discretization method. Paper replication code.
- A previous, rather different, version of the above paper was
circulated as "The Implications of Richer Earnings Dynamics
for Consumption and Wealth" with Mariacristina De Nardi and Gonzalo
Paz-Pardo. NBER working paper no. 21917.
- "Markov-Chain
Approximations for Life-Cycle Models," with Giovanni
Gallipoli and Jutong
Pan. Review of Economic Dynamics, 2019, vol. 34, 186-201.
Abstract: [...]
- "Fiscal
Stimulus with Learning-by-Doing," with Antonello
D'Alessandro and Leonardo Melosi. International Economic
Review, 2019, vol. 60, 1413-1432.
Abstract: [...]
- "Savings
and Wealth Inequality," with Mariacristina De Nardi. Review of
Economic Dynamics, 2017, vol. 26, 280-300.
Abstract: [...]
- "Macro Models of Wealth Inequality," with
Mariacristina De Nardi and Fang Yang. In "After Piketty's `Capital in the 21st
century' : The Agenda for Economics and Inequality," Heather Boushey,
Bradford DeLong and Marshall Steinbaum eds., Harvard University Press, 2017.
Abstract: [...]
Coverage: VOXEU, Chicago
Fed Letter.
- "Job
Displacement Risk and Severance Pay," with Marco
Cozzi, Journal of Monetary Economics, 2016, vol. 84,
166-181.
Abstract: [...]
- "Education
and Crime over the Life Cycle," with Giovanni Gallipoli,
The Review of Economic
Studies, 2014, vol. 81, 1484-1517.
Abstract: [...]
Replication package
- "A Generalized
Endogenous Grid Method for Non-Smooth and Non-Concave
Problems," The Review of Economic
Dynamics, 2014, vol. 17, 329-344.
Abstract: [...]
Fortran code to
implement the algorithm and to replicate the simulations
in the paper.
- "Privately Optimal
Severance Pay," with Christopher J. Tyson,
forthcoming The B.E. Journal of Macroeconomics,
Contributions, 2013, vol. 13, 415-453.
Abstract: [...]
- "Matching, Wage
Rigidities and Efficient Severance Pay," The B.E. Journal
of Economic Analysis & Policy, Contributions, 2012,
vol. 12.
Abstract: [...]
- "When Do
Firing Taxes Matter?," Economics Letters, 2007, vol. 97,
24-31.
Abstract: [...]
- "Termination
Restrictions and Investment in General Training," European
Economic Review, 2005, vol. 49, 1479-1499.
Abstract: [...]
- "Does Divorce Law
Matter?," with Paola Manzini and Marco Mariotti, Journal
of the European Economic Association, 2004, vol. 2,
607-633.
Abstract: [...]
- "Reserve
Uncertainty and Speculative Attacks on Target
Zones," Economics Letters, 2001, vol. 70, 223-228.
Abstract: [...]
- "Efficiency Wage
and Efficient Redundancy Pay," European Economic
Review, 2000, vol. 44, 1473-1490.
Abstract: [...]
Keynote talks