I am an Assistant Professor at the Stockholm School of Economics. I obtained a PhD in economics at the Universidad Carlos III de Madrid. My research interests include topics related to the labor market, market power, and geographical mobility. If you are interested in my work, I would love to hear from you!
PhD in Economics, 2024
Universidad Carlos III de Madrid
Mres in Economic Analysis, 2020
Universidad Carlos III de Madrid
BSc in Economics, 2018
Universidad de Valladolid
Accepted for publication European Economic Review
Accepted for publication Review of Economic Dynamics
Labor market competition drastically differs for production workers and managers. For instance, in Portugal, there are half as many firms competing for managers as for production workers in the typical local labor market. Using administrative data from Portugal together with a general equilibrium model of oligopsony that incorporates minimum wages and management delegation, we show that monopsony power by firms leads to a welfare loss of 5.7% for production workers and 23.1% for managers relative to an efficient economy. Production workers bear smaller losses because they often work in markets with more competitor firms, view firms as closer substitutes, and are more affected by the minimum wage. The weak monopsony power of low-wage firms over production workers implies that raising the statutory minimum wage reduces overall welfare and affects managers through worker reallocation and delegation adjustments. Moving from the benchmark to an occupation-based minimum wage that optimally addresses monopsony power increases welfare by about 0.2% for both occupations.
Teaching Assistant for Professors Belén Jerez, Boris Ginzburg, and Philipp Denter.
Years: 2020, 2021, 2022.
PhD Course, English.
Awarded for Excellence in Teaching.
Teaching Assistant for Professors Clara Santamaría and Luisa Fuster.
Years: 2021, 2022.
BSc in International Studies and Business Administration, English and Spanish.
Awarded for Excellence in Teaching.
Teaching Assistant for Professor Andrés Erosa.
Years: 2021.
BSc in International Studies and Business Administration, English.
Awarded for Excellence in Teaching.
Teaching Assistant for Professor Antonia Díaz.
Years: 2020.
BSc in Economics, English and Spanish.
Awarded for Excellence in Teaching.
Teaching Assistant for Professor Luisa Fuster.
Years: 2020.
BSc in Law and Business Administration, Spanish.
Awarded for Excellence in Teaching.
Teaching Assistant for Professor José Luis Ferreira.
Years: 2019.
BSc in Business Administration, Spanish.
Awarded for Excellence in Teaching.
fwellsch@eco.uc3m.es
aerosa@eco.uc3m.es
dolado@eco.uc3m.es