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)

The Insurance Value of Public Insurance Against Idiosyncratic Income Risks (with Chris Busch)
Slides
The Nonlinear Consumption Response to Income Risk: The Role of Tail Changes and Durables - new draft!
Urban Welfare: Tourism in Barcelona (with Treb Allen, Simon Fuchs, Sharat Ganapati, Alberto Graziano, and Judit Montoriol-Garriga) - new draft coming soon!
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)
Last update: January 2025.