Álvaro Jáñez

Álvaro Jáñez

Ph.D. Candidate in Economics

Universidad Carlos III

Welcome!

I am a PhD candidate in Economics at Universidad Carlos III de Madrid. I will be on the 2023/2024 economics job market. My research interests include Macroeconomics, Labor Economics, and Migration.

Interests

  • Quantitative Macroeconomics
  • Labor Economics
  • Migration

Education

  • PhD in Economics, 2024 (Expected)

    Universidad Carlos III de Madrid

  • Master in Economic Analysis, 2020

    Universidad Carlos III de Madrid

  • BSc in Economics, 2018

    Universidad de Valladolid

Job Market Paper

Álvaro Jáñez, Lukas Delgado-Prieto
July 2023

Monopsony Power and Firm Organization

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.

PDF

Under Revision

Means-tested Programs and Interstate Migration in the U.S.
Álvaro Jáñez
PDF

Revise and Resubmit Review of Economic Dynamics

Labor Reallocation Effects of Furlough Schemes: Evidence from Two Recessions in Spain
Antonia Díaz, Juan J. Dolado, Álvaro Jáñez, Felix Wellschmied
PDF

Revise and Resubmit European Economic Review

Working Papers

Geographic Mobility over the Life-Cycle
Antonia Díaz, Álvaro Jáñez, Felix Wellschmied
PDF

Teaching

Microeconomics I (PhD Course)

Teaching Assistant for Professors Belén Jerez, Boris Ginzburg, and Philipp Denter.

Years: 2020, 2021, 2022.

PhD Course, English.

Awarded for Excellence in Teaching.

International Trade

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.

Macroeconomics I

Teaching Assistant for Professor Andrés Erosa.

Years: 2021.

BSc in International Studies and Business Administration, English.

Awarded for Excellence in Teaching.

Economic Growth

Teaching Assistant for Professor Antonia Díaz.

Years: 2020.

BSc in Economics, English and Spanish.

Awarded for Excellence in Teaching.

Dynamic Macroeconomics

Teaching Assistant for Professor Luisa Fuster.

Years: 2020.

BSc in Law and Business Administration, Spanish.

Awarded for Excellence in Teaching.

Game Theory

Teaching Assistant for Professor José Luis Ferreira.

Years: 2019.

BSc in Business Administration, Spanish.

Awarded for Excellence in Teaching.

References

Felix Wellschmied

fwellsch@eco.uc3m.es

Andrés Erosa

aerosa@eco.uc3m.es

Juan J. Dolado

dolado@eco.uc3m.es

Contact