In this paper, we use administrative data from the social security to study income dynamics and income risk inequality in Spain between 2005 and 2018. We construct individual measures of income risk as functions of past employment history, income, and demographics. Focusing on males, we document...

We propose a framework for estimation and inference when the model may be misspecified. We rely on a local asymptotic approach where the degree of misspecification is indexed by the sample size. We construct estimators whose mean squared error is minimax in a neighborhood of the reference model,...

We use detailed information on labor earnings and employment from Social Security records to document earnings inequality in Spain from 1988 to 2010. Male earnings inequality was strongly countercyclical: it increased around the 1993 recession, showed a substantial decrease during the 1997-2007...

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En este estudio utilizamos datos administrativos de la Seguridad Social para analizar la dinámica de los ingresos laborales y la incertidumbre respecto a ingresos futuros en España entre 2005 y 2018. Construimos medidas individuales de dicha incertidumbre basadas en características...

En este documento proponemos un enfoque basado en regresiones para estimar cómo las expectativas de los individuos influyen en sus respuestas a un cambio contrafactual. Proporcionamos condiciones bajo las cuales los efectos parciales promedio estimados sobre la base de regresiones recuperan los...

Un número creciente de aplicaciones utilizan escenarios en los que, para inferir efectos heterogéneos, un investigador compara distintas unidades. Ejemplos de diseños de investigación son aquellos que incluyen a niños que se mudan de barrio, trabajadores que cambian de empresa, pacientes...

We introduce a class of quantile regression estimators for short panels. Our framework covers static and dynamic autoregressive models, models with general predetermined regressors, and models with multiple individual effects. We use quantile regression as a flexible tool to model the...

We develop a new quantile-based panel data framework to study the nature of income persistence and the transmission of income shocks to consumption. Log-earnings are the sum of a general Markovian persistent component and a transitory innovation. The persistence of past shocks to earnings is...

We propose an optimal-transport-based matching method to nonparametrically estimate linear models with independent latent variables. The method consists in generating pseudo-observations from the latent variables, so that the Euclidean distance between the model's predictions and their matched...