We reformulate the Smets-Wouters (2007) framework by embedding the theory of unemployment proposed in Galí (2011a,b). We estimate the resulting model using postwar U.S. data, while treating the unemployment rate as an additional observable variable. Our approach overcomes the lack of...

In this paper we study the structure of labor market flows in Spain and compare them with France and the US. We characterize a number of empirical regularities and stylized facts. One striking result is that the job finding rate is slightly higher than in France, while the jon loss rate is much...

I document extremely son-biased sex ratios at birth among Asian-born parents in Spain. Using data on the universe of registered births in Spain during 2007- 2012, I show that there are 117 boys per 100 girls born to Indian parents, compared with a national average of 107 boys per 100 girls. The...

This paper investigates the effects of Spain’s large recent immigration wave on the labor supply of highly skilled native women. We hypothesize that female immigration led to an increase in the supply of affordable household services, such as housekeeping and child or elderly care. As a...

This paper examines the effect of public assistance, labor market and marriage market conditions on the prevalence of single mother families across countries and over time. A multinomial logit derived from a random utility approach is estimated using individuallevel data for 14 countries. I find...

In this paper we compare several historical scenarios very different one to each other both in institutional and geographical terms. What they have in common is the situation of relative poverty of most of the population. On the one part we are dealing with historical industrializing Catalonia...

The 1994 Northridge earthquake sent ripples to insurance conpanies everywhere. This was one in a series of natural disasters such as Hurricane Andrew which together with the problems in Lloyd's of London have insurance companies running for cover. This paper presents a calibration of the U.S....