Essays in macroeconomics and agents' heterogeneity
In my PhD thesis, I analyse different macro and policy-relevant heterogeneities across both firms and individuals. In the midst of vivid debate over the US college financial aid system, Chapter 1 shows that student loans can affect entrepreneurial entry, capital allocation and aggregate productivity...
| Autor: | |
|---|---|
| Tipo de recurso: | tesis doctoral |
| Estado: | Versión publicada |
| Fecha de publicación: | 2023 |
| País: | España |
| Institución: | CBUC, CESCA |
| Repositorio: | TDR. Tesis Doctorales en Red |
| OAI Identifier: | oai:www.tdx.cat:10803/688826 |
| Acceso en línea: | http://hdl.handle.net/10803/688826 |
| Access Level: | acceso abierto |
| Palabra clave: | Policy-relevant heterogeneities Student loans 33 |
| Sumario: | In my PhD thesis, I analyse different macro and policy-relevant heterogeneities across both firms and individuals. In the midst of vivid debate over the US college financial aid system, Chapter 1 shows that student loans can affect entrepreneurial entry, capital allocation and aggregate productivity in the US. Chapter 2 uncovers instead a novel empirical fact, namely that dominant firms in the US have a lower passthrough from input to output prices after an interest rate shock, and rationalizes it in a New Keynesian model where heterogeneous markup responses are due to the different demand elasticities faced by firms over their life cycle. In Chapter 3, I endogenize family formation in a joint-search model, and argue that understanding how and when agents match in the marriage market is key to replicate the empirically-estimated differences in wages and unemployment rates by marital status, and it is a key phenomenon to understand in order to design an optimal unemployment public insurance. |
|---|