German Cubas

Risk and the Allocation of Talent in the Roy Model (with Pedro Silos & Vesa Soini)

With risk-averse workers and uninsurable earnings shocks, competitive markets allocate too few workers to jobs with high earnings uncertainty. Using an equilibrium Roy model withincomplete markets, we show that in competitive equilibrium, risky occupations are inefficiently small and hence talent is misallocated.

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Labor Market Fluidity and the Insurance Effects from Taxes and Hours
(with Musab Kurnaz, Pedro Silos and Terry Yip)

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Education Quality, Occupations and Economic Development: Is there a Skill-Technology Mismatch?
(with Elisa Keller, Michelle Rendall and Guillaume Vandenbroucke)

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Demographic Change and Productivity
(with Julio Garin, Pedro Silos and Victor Zuluaga)

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