Ernesto Villanueva | IZA - Institute of Labor Economics

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Ernesto Villanueva

Ernesto Villanueva

Research Fellow

Banco de España

ernesto.villanueva@bde.es

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Research Interests

collective wage bargaining consumer expectations household finance household financial decision-making labor market institutions survey methods

I am an adviser at the Department of Analysis of the Spanish Economy at Banco de España. Prior to that I was Research Coordinador (2025-2026), Head of the Microeconomic Studies Division (2018-2025), and economist (2005-2013) at Banco de España.

Between 2000 and 2005, I was an Assistant Professor at Universitat Pompeu Fabra. I hold a PhD in Economics at Northwestern University.

I study the determinants of wage differentials, the impact of different labor market institutions, how different forms of human capital are formed as well as the determinants of household wealth and debt.

To analyze those issues, I implement general purpose surveys like the Spanish Survey on Household Finances (EFF), the Spanish Survey on financial competences (ECF), and Randomized Control Trials on Financial Literacy and Inclusion.