Living in inadequate housing conditions not only supposes a failure of a basic functioning. It also has effects on other essential aspects of well-being such as health. Very few studies to date have analysed the relationship between both questions making an attempt to assess whether observable...

We show by means of a laboratory experiment that the relaxation of short–selling constraints causes the price of both an overvalued and an undervalued asset to decrease. Hence, the aggregation of information by the market price becomes better in case the asset is overvalued but worse if the...

In this paper we analyse how the decentralization process of the Spanish educational system has affected the school-to-work transition of youths over the last years. Using individual data from the Spanish Labor Force Survey for the period 1993-2002, we estimate a simultaneous equation model for...

This paper examines the empirical evidence regarding the poor performance of the youth labor market in Spain over the last two decades, which entails very high unemployment for both higher and lower educated workers, symptoms of over-education, and low intensity of on-the-job training. It also...

In this article, polarization measurement is presented as a useful tool for characterizing the net transfers of income between individuals caused by a tax reform. The bipolarization measure, which considers just two poles and represents the idea of the disappearance of the middle class, may...

Este artículo presenta nueva evidencia sobre el impacto de la segregación ocupacional en la explicación de las diferencias salariales por género en España en 1995 y 2002. Se utilizan datos de la Encuesta de Estructura Salarial (EES-95 y EES-2002), con las que se puede identificar el...

El presente trabajo pretende, a partir de la Encuesta Económica al Sector Industrial (EESI) elaborada por el Instituto de Estadística de la CAM, analizar el estado y la evolución de la tecnología a nivel de establecimiento en el sector industrial madrileño. En primer lugar se presenta una...

Differential equations with advanced and delayed time arguments may arise in the optimality conditions of simple growth models with delays. Models with investment gestation lags (time-to-build), consumption gestation lags (habit formation) or learning by using lie in this category. In this...

In this paper we investigate the profitability of non-linear trading rules based on nearest neighbour predictors. Our results, based on applying this investment strategy to the New York Stock Exchange, suggest that, taking into account trading costs, the non-linear trading rule is superior to a...

The main goal of this paper is to test whether macroeconomic conditions a¤ect alcohol consumption using data from the Behavioral Risk Factor Surveillance System for the period 1987-2003. We try to control unobserved heterogeneity by relying on the construction of pseudo-panel data from the...