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Pamplona. Janurary 14th, 2013
Joaquín Naval is a Ph.D. Candidate at the Universitat Autónoma de Barcelona. Naval delivered a seminar about the effects of the informal economy and long-term growth in developing countries. By creating a two-period overlapping generations model with children and working-age adults, he established a theoretical relationship between education, child labor, and the informal sector. Naval further highlighted the importance of using means-tested education subsidies as a way to end the poverty trap. He concluded that the long term benefit of inf...
![](https://ncid.unav.edu/sites/default/files/styles/foto_news_grande/public/imagenes/noticias/Ernesto%20Villanueva.%20Mortgage.jpg?itok=upiHL8tU)
Pamplona September 24th, 2012.
Ernesto Villanueva (Ph.D. Northwestern University of Chicago) works as a researcher for the Banco de España. During the NCID Seminar, Villanueva presented an in-depth analysis about one of his latest research papers, “Consumption and initial mortgage conditions”. His presentation focused on initial mortgage conditions and their effects on the consumption behaviour of home-owners in Spain. By using a data set based on the Spanish Survey on Household Finances, Villanueva examined the relationship between household consumption and factors,...