Olympia Bover - Profile on Academia.edu (original) (raw)

Papers by Olympia Bover

Los datos desagregados de una encuesta reciente acerca de la situación financiera de los hogares ... more Los datos desagregados de una encuesta reciente acerca de la situación financiera de los hogares del Eurosistema revelan diferencias importantes entre países en el porcentaje de familias endeudadas o en sus ratios de endeudamiento. Esta heterogeneidad puede de berse a las distintas características sociodemográficas de los hogares entre los países de la UEM o, alternativamente, a factores institucionales que lleven a hogares similares a endeudarse de modo diferente en cada país. Este artículo muestra que incluso hogares de características similares difieren entre países en su probabilidad de tenencia de deuda hipotecaria, en el volumen de la cantidad adeudada y en el coste de su deuda hipote caria, lo que sugiere que la heterogeneidad de las distintas medidas de endeudamiento no viene explicada principalmente por factores sociodemográficos. Los resultados su gieren que diferencias entre países en relación con el coste de concesión de préstamos pueden desempeñar un papel relevante ...

migrations in Spain

about migration decisions from the migrants: Using complementary datasets to model intra-regional

2001): “Hedonic House Prices Without Characteristics: The Case

Restoy, E. Sentana and M. Silver for comments and suggestions and to the Ministerio de Fomento, T... more Restoy, E. Sentana and M. Silver for comments and suggestions and to the Ministerio de Fomento, Tecnigrama, and the regional authorities for providing the data. Special thanks are due to Teresa Carbajo and In this paper we propose an alternative to traditional hedonics for estimating new multiunit housing inflation, adjusting for quality changes. Precise location, transport, traffic, closeness to services, or construction quality are some of the unobserved but typically relevant housing characteristics that may bias estimated house price inflation, even when using hedonic methods. By relying on the within-site variation we control in a very general way for unobserved housing characteristics using site-specific effects. We also estimate standard hedonic equations and compare the results to those obtained with our alternative equations with site dummies to test for biases in traditional hedonic corrections. Our dataset is fairly rich in observable housing characteristics but, neverthe...

SSRN Electronic Journal, 2019

We thank Josep Mestre and María Torrado for their commitment and invaluable help during the prepa... more We thank Josep Mestre and María Torrado for their commitment and invaluable help during the preparation of the ECF, and Sofía García-Barbadillo, Carlos Sunyer and Carla Veiga for their assistance in different phases of the project. For their help with the implementation of the survey, we thank Inés Andújar, Julio Gil and Fernando Tejada. Finally, for their comments and help with the questionnaire, we thank Adele Atkinson,

Documentos de trabajo del Banco de España, 1998

Información del artículo A comparative study of the portuguese and spanish labour markets.

Firms and Households during the Pandemic: What Do We Learn from Their Electricity Consumption?

The Energy Journal

We propose a simple two-step within-groups estimator for limited dependent variable models, which... more We propose a simple two-step within-groups estimator for limited dependent variable models, which may include lags of the dependent variable, other endogenous explanatory variables, and unobservable individual e®ects. The models that we present are extensions of the random e®ects probit model of Chamberlain (1984), and have application in the analysis of binary choice, linear regression subject to censoring, and other models with endogenous selectivity. The estimator is based on reduced form predictions of the latent endogenous variables. We also show how to obtain, in one more step, chisquared test statistics of the overidentifying restrictions, and linear GMM estimators that are asymptotically e±cient. (JEL C23)

Investigacion Economica, 2004

We investigate the determinants of exit rates from unemployment to permanent and temporary jobs. ... more We investigate the determinants of exit rates from unemployment to permanent and temporary jobs. First, we present a theoretical model to discuss the e ects of reservation wages, unemployment benefits and job o ers on the exit probabilities to permanent and temporary jobs. Then, using micro data from the Spanish Labour Force Survey we estimate a multinomial duration model, including unemployment benefits, the cycle and personal characteristics. Important di erential e ects are unmasked by distinguishing by type of employment. The negative impact of receiving benefits dominates the combined e ect of business cycle variables in exits to temporary employment but not to permanent jobs.

Un modelo empírico de la evolución de los precios de la vivienda en España

Investigacion Economica, 1992

... En el Apéndice 1 se comentan las limitaciones de la serie empleada y se describen los datos e... more ... En el Apéndice 1 se comentan las limitaciones de la serie empleada y se describen los datos existentes en España sobre precios de vivienda. ... log [PN/P] Cuadro 3 Periodo muestral 1978-1991 Dinero negro Financiación propia Constante [AlogftV-i,]., Alog/W_, log(YD/P*POB). ...

Economic Policy, 2000

I woEountry omprisons using miroEdt inlude grd nd preemn (IWWQAD plinn (IWWUAD willner nd ieg (IW... more I woEountry omprisons using miroEdt inlude grd nd preemn (IWWQAD plinn (IWWUAD willner nd ieg (IWWUAD eowd et lF (IWWWAD nd elek et lF (IWWWAF QVR yvwse fyiD sve qegÁ seEiie exh ihy yqev * * * *

N.º 0803THE Spanish Survey of Household Finances (Eff): Description and Methods of the 2005 Wavethe Spanish Survey of Household Finances (Eff): Description and Methods of the 2005 Wave

2008 The Occasional Paper Series seeks to disseminate work conducted at the Banco de España, in t... more 2008 The Occasional Paper Series seeks to disseminate work conducted at the Banco de España, in the performance of its functions, that may be of general interest. The opinions and analyses in the Occasional Paper Series are the responsibility of the authors and, therefore, do not necessarily coincide with those of the Banco de España or the Eurosystem. The Banco de España disseminates its main reports and most of its publications via the INTERNET at the following website:

In this paper we study the effects of unemployment benefit duration and the business cycle on une... more In this paper we study the effects of unemployment benefit duration and the business cycle on unemployment duration. We construct durations for individuals entering unemployment from a longitudinal sample of Spanish men in 1987–94. Estimated discrete hazard models indicate that receipt of unemployment benefits significantly reduces the hazard of leaving unemployment. At durations of three months, when the largest effects occur, the hazard for workers without benefits is twice as large as that for workers with benefits. Favourable business conditions increase the hazard of leaving unemployment. At sample-period magnitudes, this effect is significantly smaller than that of benefit receipt. Do unemployment benefits lead to longer unemployment spells? We would expect this to be the case, since individuals will be more selective concerning job offers the larger their out-of-work income. Moreover, under certain conditions, standard job search theory predicts that increases in either the a...

Efectos de la riqueza inmobiliaria sobre el consumo: resultados a partir de la Encuesta Financiera de las Familias

Quality bias in the measurement of prices: empirical evidence and macroeconomic implications for Spain

Economic Bulletin, 2002

Cambios en la composición del empleo y actividad laboral femenina

espanolEn este articulo, se analizan los cambios en la estructura del empleo en el periodo 1976-9... more espanolEn este articulo, se analizan los cambios en la estructura del empleo en el periodo 1976-92 por sexos, cualificacion y sectores. Para ello, se descomponen los cambios en el empleo no manual en dos partes que, a su vez, se desagregan por sexos. La primera mide las variaciones entre sectores, manteniendo constante la composicion de cada sector. La segunda mide los cambios dentro de los sectores, fijando la contribucion del sectoral empleo total. Se encuentra que en importante aumento en la proporcion del empleo no manual, la terciarizacion de la economia domina el progreso tecnologico, aunque a partir de 1985 el ultimo explica mas de un 30 por 100 del aumento. Por sexos, el empleo femenino absorbe el 80 por 100 de los empleos no manuales debido al mayor peso de los servicios, y la totalidad del aumento debido al cambio tecnologico. EnglishThis paper analyses the changes in the employment structure over the period1976-1992 according to sex, qualifications and sectors. In order t...

Ajustes de calidad en los precios: métodos hedónicos y consecuencias para la contabilidad nacional

Estudios De Economia, 2001

Rapid technological progress in recent years has exacerbated the problems that arise in measuring... more Rapid technological progress in recent years has exacerbated the problems that arise in measuring price changes and, consequently, economic magnitudes at constant prices when changes in the quality of products occur. A natural means of tackling these measurement problems is to use hedonic price indices. This survey focuses on the use of hedonic methodology and its implications for the construction of deflators for significant National Accounts aggregates. It thus describes what hedonic methodology involves and analyses the various hedonic studies existing in the literature and the use made of hedonic methodology by different public statistics offices in the computers and related equipment, cars, and housing sectors. Finally, the implications of the use of these hedonic techniques for the estimation in real terms of macroeconomic magnitudes are reviewed. (This abstract was borrowed from another version of this item.) (This abstract was borrowed from another version of this item.) (Th...

Wealth inequality and household structure: a comparison between Spain and the United States

Economic Bulletin, 2008

This paper presents estimates of wealth effects on consumer spending using the first wave of a ne... more This paper presents estimates of wealth effects on consumer spending using the first wave of a new survey of Spanish household finances (EFF) that contains direct measures of asset holdings and consumption. A distinguishing feature of the EFF is the availability of such information from a representative sample subject to stratification by wealth. To control for the potential endogeneity of housing wealth, we exploit geographical house price variation and inheritance information in the EFF as instrumental variables. We focus on the effects of housing wealth, distinguishing between main and secondary housing, but also report OLS estimates of financial wealth effects. The pattern of wealth effects across age groups is also analyzed. We find large and statistically significant housing wealth effects for prime age households. Overall, the largest wealth effects are for owner occupied housing, followed by secondary housing, with financial wealth effects being smaller and insignificant.