The identification of asymmetric conditional heteroscedasticity is often based on sample cross-correlations between past and squared observations. In this paper we analyse the effects of outliers on these cross-correlations and, consequently, on the identification of asymmetric volatilities.We...

Most EaP migrants in Spain come from Ukraine, followed by, to a much lesser extent, Moldavia, Armenia, and Georgia. Relative to other migrants, they are those who most recently arrived to Spain. Using data from Spanish Labor Force Survey (LFS) from the years 2000 to 2011, this paper analyzes how...

This article documents a strong connection between unemployment and mental distress using data from the Spanish National Health Survey. We exploit the collapse of the construction sector to identify the causal effect of job losses in different segments of the Spanish labor market. Our results...

Unemployment insurance can be an efficient tool to provide protection for workers against unemployment and foster formal job creation in developing countries. How much workers value this protection and to what extent it allows a more efficient job search are two key parameters that determine its...