This paper adopts the technique of DiNardo, Fortin and Lemieux (1996) to decompose differences in the distribution of PISA test scores in Canada, and assesses the relative contribution of differences in the distribution of “class size” and time-in-term, other school factors and student...

We characterize how public insurance schemes are constrained by hidden financial transactions. When non-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private transactions, and can influence consumption allocation. We show...

The Spanish labour market disproportionately booms in expansions and bursts in recessions; meanwhile, its regions' relative position persists: those with the highest unemployment rates in 1996 were also in the worse position in 2012. To examine this twofold feature, we apply Blanchard and Katz's...

The paper examines intergenerational transmission of 'religious capital' from parents to their offspring, within an economic framework of a production function of 'religiosity' where parental inputs serve as factors of production. A sample of Catholic Spaniards who grew up in Catholic households...

We analyze the impact of working and contractual conditions, particularly exposure to job risks, on the probability of acquiring a disability. We postulate a model in which this impact is mediated by the choice of occupation, with a level of risk associated to it. We assume this choice is...

Using a recent Spanish database, we show that remittances respond to cross country differences in portfolio values. This behavior suggests that immigrants are sophisticated economic optimizers who take advantage of opportunities to invest trans-nationally given the networks that immigrants are...