ROCIO MADERA
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I am an Assistant Professor at the Department of Economics at Southern Methodist University. I am also a CESifo Research Network Affiliate. I received my Ph.D. in Economics from the University of Minnesota. Prior to that, I studied at CEMFI and Universidad Carlos III de Madrid.

My research combines income and spending micro-data with quantitative life-cycle and spatial models to answer questions on macroeconomic policy and labor economics; with a particular focus on measuring the propagation and pass-through of income and price changes to individuals' welfare.

Contact: romadera@smu.edu
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PUBLICATIONS AND ACCEPTED PAPERS

Consumption Dynamics and Welfare Under Non-Gaussian Earnings Risk (with Fatih Guvenen and Serdar Ozkan) - Journal of Economic Dynamics and Control, December 2024
DOI NBER WP
Does Self-Employment Pay? The Role of Unemployment and Earnings Risk (with Joaquin Garcia-Cabo) - Oxford Bulletin of Economics and Statistics, April 2024
DOI Fed IF Discussion Papers
Skewed Idiosyncratic Income Risk over the Business Cycle: Sources and Insurance (with Chris Busch, David Domeij, and Fatih Guvenen) - AEJ: Macroeconomics, April 2022
DOI NBER WP Code VoxEU Column
Income Contingent University Loans: Policy Design and an Application to Spain (with Antonio Cabrales, Maia Güell, and Analia Viola) - Economic Policy, July 2019
DOI Code VoxEU Column NeG Blog Post

WORKING PAPERS (from most recent copy)

Self-Employment Promotion as Active Labor Market Policy: Design and Trade-offs in Rigid Labor Markets (with Joaquin Garcia-Cabo and Zoe Xie)
The Insurance Value of Public Insurance Against Idiosyncratic Income Risks (with Chris Busch)
The Nonlinear Consumption Response to Income Risk: The Role of Tail Changes and Durables
Urban Welfare: Tourism in Barcelona (with Treb Allen, Simon Fuchs, Sharat Ganapati, Alberto Graziano, and Judit Montoriol-Garriga)
Updated Slides, September 2023

WORK IN PROGRESS

Income Dynamics of Couples: Correlated Risks and Heterogeneous Within-Household Insurance (with Chris Busch and Fane Groes)
Updated Slides, December 2024
Early-Career Job Instability and Life-Cycle Income Dynamics (with Antonio Cabrales and Maia Güell)
Slides
Spatial Fiscal Policy: Stimulus Payments in a Consumption Network (with Simon Fuchs, Wookun Kim, and Hoyoung Yoo)
Last update: May 2025.