Pedro Portugal

Bank of Portugal - Research Department

Av. Almirante Reis 71, 6th

Lisbon 1150-012

Portugal

New University of Lisbon

Lisbon, 1099-085

Portugal

IZA Institute of Labor Economics

P.O. Box 7240

Bonn, D-53072

Germany

  • Bank of Portugal - Research Department

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    • Tel: +351 21 313 0000
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SCHOLARLY PAPERS

47

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262

Scholarly Papers (47)

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1.

Going after the Addiction, Not the Addicted: The Impact of Drug Decriminalization in Portugal

IZA Discussion Paper No. 10895
Number of pages: 31 Posted: 31 Jul 2017
Sónia Félix, Pedro Portugal and Ana Sofia Tavares
Nova School of Business and Economics, Bank of Portugal - Research Department and New University of Lisbon
Downloads 3,391 (7,305)
Citation 9

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drug decriminalization policy, illicit drugs, synthetic control method

2.

Increasing the Legal Retirement Age: The Impact on Wages, Worker Flows and Firm Performance

IZA Discussion Paper No. 4187
Number of pages: 31 Posted: 01 Jun 2009
Pedro S. Martins, Álvaro A. Novo and Pedro Portugal
Nova School of Business and Economics, Bank of Portugal and Bank of Portugal - Research Department
Downloads 509 (114,847)

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social security reform, older workers, matching estimators

3.

Why Do Firms Use Fixed-Term Contracts?

IZA Discussion Paper No. 4380
Number of pages: 32 Posted: 15 Oct 2009 Last Revised: 16 Apr 2023
Pedro Portugal and José Varejão
Bank of Portugal - Research Department and Universidade do Porto - Faculdade de Economia (FEP)
Downloads 390 (157,053)
Citation 20

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fixed-term contracts, adjustment costs, labor demand

4.

Drug Decriminalization and the Price of Illicit Drugs

IZA Discussion Paper No. 8848
Number of pages: 29 Posted: 21 Feb 2015
Sónia Félix and Pedro Portugal
Nova School of Business and Economics and Bank of Portugal - Research Department
Downloads 371 (166,089)
Citation 1

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illicit drugs, drug decriminalization policy, drug prices, treatment effects

5.

A Simple Feasible Alternative Procedure to Estimate Models with High-Dimensional Fixed Effects

IZA Discussion Paper No. 3935
Number of pages: 20 Posted: 19 Jan 2009
Paulo Guimaraes and Pedro Portugal
University of South Carolina - Darla Moore School of Business and Bank of Portugal - Research Department
Downloads 362 (170,687)
Citation 93

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high dimensional fixed effects, linked employer-employee data

6.

Job Search Methods and Outcomes

Number of pages: 52 Posted: 11 Sep 2001
John T. Addison and Pedro Portugal
University of South Carolina - Moore School of Business - Department of Economics and Bank of Portugal - Research Department
Downloads 322 (193,674)
Citation 23

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Search Strategies, Unemployment Duration, Subsequent Earnings, Public Employment Service, Transitions to Unemployment/Employment, Hazard Regression Model

7.

Reservation Wages, Search Duration, and Accepted Wages in Europe

Number of pages: 26 Posted: 13 Aug 2004
John T. Addison, Mário Centeno and Pedro Portugal
University of South Carolina - Moore School of Business - Department of Economics, Bank of Portugal - Research Department and Bank of Portugal - Research Department
Downloads 314 (198,926)

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reservation wages, job offer arrival rates, unemployment duration, reemployment wages

8.

Unions and Collective Bargaining in the Wake of the Great Recession

IZA Discussion Paper No. 8943
Number of pages: 29 Posted: 06 Apr 2015
John T. Addison, Pedro Portugal and Hugo Vilares
University of South Carolina - Moore School of Business - Department of Economics, Bank of Portugal - Research Department and Bank of Portugal
Downloads 233 (269,532)

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collective bargaining, union density, collective agreement coverage, union wage premium, nominal wage rigidity, Portugal

9.

Labor Market Imperfections and the Firm's Wage Setting Policy

IZA Discussion Paper No. 10241
Number of pages: 34 Posted: 01 Oct 2016
Sónia Félix and Pedro Portugal
Nova School of Business and Economics and Bank of Portugal - Research Department
Downloads 210 (297,663)
Citation 3

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monopsony, wage setting, labor market frictions

10.

The Sources of Wage Variation: A Three-Way High-Dimensional Fixed Effects Regression Model

IZA Discussion Paper No. 7276
Number of pages: 42 Posted: 23 Mar 2013
Sónia Manuela Torres, Pedro Portugal, John T. Addison and Paulo Guimaraes
Statistics Portugal, Bank of Portugal - Research Department, University of South Carolina - Moore School of Business - Department of Economics and University of South Carolina - Darla Moore School of Business
Downloads 187 (331,317)
Citation 10

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high dimensional fixed effects, wage decomposition, assortative matching

11.

Unemployment Duration: Competing and Defective Risks

Number of pages: 50 Posted: 11 Sep 2001
John T. Addison and Pedro Portugal
University of South Carolina - Moore School of Business - Department of Economics and Bank of Portugal - Research Department
Downloads 185 (334,649)
Citation 2

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Unemployment Duration, Competing Risks, Defective Risks, Non-Proper Distribution, Split-Population Model

12.

How Does the Unemployment Insurance System Shape the Time Profile of Jobless Duration?

Number of pages: 27 Posted: 11 Feb 2004
John T. Addison and Pedro Portugal
University of South Carolina - Moore School of Business - Department of Economics and Bank of Portugal - Research Department
Downloads 159 (381,956)
Citation 1

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unemployment benefits, unemployment duration, time-varying coefficients/ regressors

13.

Six Ways to Leave Unemployment

Number of pages: 38 Posted: 12 Jan 2004
Pedro Portugal and John T. Addison
Bank of Portugal - Research Department and University of South Carolina - Moore School of Business - Department of Economics
Downloads 154 (392,538)
Citation 4

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unemployment benefits, unemployment duration, competing risks

14.

The Returns to Schooling Unveiled

IZA Discussion Paper No. 11419
Number of pages: 45 Posted: 02 Apr 2018 Last Revised: 18 Nov 2021
Ana Rute Cardoso, Paulo Guimaraes, Pedro Portugal and Hugo Reis
Instituto de Analisis Economico (IAE-CSIC), University of South Carolina - Darla Moore School of Business, Bank of Portugal - Research Department and Banco de Portugal
Downloads 148 (405,553)

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high-dimensional fixed effects, linked employer-employee data, peer effects, returns to education, human capital spillovers, wage distribution, firm, job title

15.

Earnings Losses of Displaced Workers: Evidence from a Matched Employer-Employee Data Set

IZA Discussion Paper No. 2289
Number of pages: 29 Posted: 17 Sep 2006
Anabela Jesus Moreira Carneiro and Pedro Portugal
Universidade do Porto - Faculdade de Economia (FEP) and Bank of Portugal - Research Department
Downloads 134 (438,829)

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displacement, earnings losses, firm-specific human capital

16.

Everything You Always Wanted to Know About Sex Discrimination

IZA Discussion Paper No. 7109
Number of pages: 28 Posted: 12 Jan 2013
Ana Rute Cardoso, Paulo Guimaraes and Pedro Portugal
Instituto de Analisis Economico (IAE-CSIC), University of South Carolina - Darla Moore School of Business and Bank of Portugal - Research Department
Downloads 130 (449,469)
Citation 2

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gender wage gap, high-dimensional fixed effects, segregation

17.

Labor Adjustment Costs in a Panel of Establishments: A Structural Approach

IZA Discussion Paper No. 3091
Number of pages: 23 Posted: 07 Nov 2007
João Ejarque and Pedro Portugal
University of Essex - Department of Economics and Bank of Portugal - Research Department
Downloads 129 (452,166)
Citation 1

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adjustment costs, employment, rigidity

18.

Key Elasticities in Job Search Theory: International Evidence

Number of pages: 9 Posted: 23 Sep 2004
John T. Addison, Mário Centeno and Pedro Portugal
University of South Carolina - Moore School of Business - Department of Economics, Bank of Portugal - Research Department and Bank of Portugal - Research Department
Downloads 126 (460,539)
Citation 1

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reservation wages, probability of reemployment, accepted wages, unemployment benefits, Pareto wage offer distribution

19.

U.S. Unemployment Duration: Has Long Become Longer or Short Become Shorter?

IZA Discussion Paper No. 2174
Number of pages: 34 Posted: 24 Jul 2006
José A. F. Machado, Pedro Portugal and Juliana Guimaraes
New University of Lisbon, Bank of Portugal - Research Department and Universidade Federal de Pernambuco (UFPE)
Downloads 120 (478,307)

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quantile regression, duration analysis, unemployment duration, counterfactual

20.

Bargained Wages, Wage Drift and the Design of the Wage Setting System

Downloads 120 (478,307)

Bargained Wages, Wage Drift and the Design of the Wage Setting System

Number of pages: 28 Posted: 24 Nov 2003
Ana Rute Cardoso and Pedro Portugal
Instituto de Analisis Economico (IAE-CSIC) and Bank of Portugal - Research Department
Downloads 104 (535,910)

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wage distribution, wage drift, union bargaining power, employer coordination

Bargained Wages, Wage Drift and the Design of the Wage-Setting System

CEPR Discussion Paper No. 4405
Number of pages: 28 Posted: 23 Jun 2004
Ana Rute Cardoso and Pedro Portugal
Instituto de Analisis Economico (IAE-CSIC) and Bank of Portugal - Research Department
Downloads 16 (1,152,014)
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Wage distribution, wage drift, union bargaining power, employer coordination

21.

The Sources of the Union Wage Gap: The Role of Worker, Firm, Match, and Job-title Heterogeneity

CESifo Working Paper No. 7392
Number of pages: 46 Posted: 21 Feb 2019
John T. Addison, Pedro Portugal and Hugo Vilares
University of South Carolina - Moore School of Business - Department of Economics, Bank of Portugal - Research Department and Bank of Portugal
Downloads 115 (493,819)

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union density, union wage gap, worker/form/job-title fixed effects, match quality, Gelbach decomposition, Portugal

22.

Do Reservation Wages Really Decline? Some International Evidence on the Determinants of Reservation Wages

Downloads 114 (497,073)
Citation 9

Do Reservation Wages Really Decline? Some International Evidence on the Determinants of Reservation Wages

SOEPpaper No. 85
Number of pages: 13 Posted: 26 Feb 2008
John T. Addison, Mário Centeno and Pedro Portugal
University of South Carolina - Moore School of Business - Department of Economics, Bank of Portugal - Research Department and Bank of Portugal - Research Department
Downloads 62 (729,020)
Citation 9

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reservation wages, probability of reemployment, unemployment benefits, arrival rate of job offers

Do Reservation Wages Really Decline? Some International Evidence on the Determinants of Reservation Wages

IZA Discussion Paper No. 3289
Number of pages: 13 Posted: 03 Nov 2008
John T. Addison, Mário Centeno and Pedro Portugal
University of South Carolina - Moore School of Business - Department of Economics, Bank of Portugal - Research Department and Bank of Portugal - Research Department
Downloads 52 (793,482)

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reservation wages, probability of reemployment, arrival rate of job offers, unemployment benefits

23.

Wages and the Risk of Displacement

Downloads 109 (513,796)
Citation 1

Wages and the Risk of Displacement

IZA Discussion Paper No. 1926
Number of pages: 24 Posted: 26 Jan 2006
Anabela Jesus Moreira Carneiro and Pedro Portugal
Universidade do Porto - Faculdade de Economia (FEP) and Bank of Portugal - Research Department
Downloads 56 (766,234)
Citation 1

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wages, displacement risk, concessions

Wages and the Risk of Displacement

ECB Working Paper No. 1159
Number of pages: 34 Posted: 10 Mar 2010
Anabela Jesus Moreira Carneiro and Pedro Portugal
Universidade do Porto - Faculdade de Economia (FEP) and Bank of Portugal - Research Department
Downloads 53 (786,614)

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wages, displacement risk, concessions

24.

Disentangling the Minimum Wage Puzzle: An Analysis of Worker Accessions and Separations

Number of pages: 35 Posted: 29 Aug 2002
Pedro Portugal and Ana Rute Cardoso
Bank of Portugal - Research Department and Instituto de Analisis Economico (IAE-CSIC)
Downloads 108 (517,188)
Citation 24

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Minimum Wage, Employment

25.

Retrieving the Returns to Experience, Tenure, and Job Mobility from Work Histories

Downloads 102 (538,838)

Retrieving the Returns to Experience, Tenure, and Job Mobility from Work Histories

CESifo Working Paper No. 10304
Number of pages: 40 Posted: 13 Mar 2023
John T. Addison, Pedro Portugal and Pedro S. Raposo
University of South Carolina - Moore School of Business - Department of Economics, Bank of Portugal - Research Department and Universidade Católica Portuguesa
Downloads 55 (772,887)

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returns to tenure, returns to experience, job mobility, high-dimensional fixed effects, job match fixed effect, job match quality effect

Retrieving the Returns to Experience, Tenure, and Job Mobility from Work Histories

IZA Discussion Paper No. 15977
Number of pages: 40 Posted: 02 Mar 2023
John T. Addison, Pedro Portugal and Pedro S. Raposo
University of South Carolina - Moore School of Business - Department of Economics, Bank of Portugal - Research Department and Universidade Católica Portuguesa
Downloads 47 (830,270)

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returns to tenure, returns to experience, job mobility, high-dimensional fixed effects, job match fixed effect, job match quality effect

26.

How Do Different Entitlements to Unemployment Benefits Affect the Transitions from Unemployment into Employment?

IZA Discussion Paper No. 3016
Number of pages: 18 Posted: 09 Sep 2007
John T. Addison and Pedro Portugal
University of South Carolina - Moore School of Business - Department of Economics and Bank of Portugal - Research Department
Downloads 99 (549,896)
Citation 2

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unemployment benefits, unemployment duration, job search

27.

Real Wages and the Business Cycle: Accounting for Worker and Firm Heterogeneity

IZA Discussion Paper No. 4174
Number of pages: 38 Posted: 26 May 2009
Anabela Jesus Moreira Carneiro, Paulo Guimaraes and Pedro Portugal
Universidade do Porto - Faculdade de Economia (FEP), University of South Carolina - Darla Moore School of Business and Bank of Portugal - Research Department
Downloads 97 (557,284)
Citation 16

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wage cyclicality, hires, firm-specific effects, compositional effects, labor productivity

28.

Employment Dynamics and the Structure of Labor Adjustment Costs

IZA Discussion Paper No. 1922
Number of pages: 35 Posted: 26 Jan 2006
José Varejão and Pedro Portugal
Universidade do Porto - Faculdade de Economia (FEP) and Bank of Portugal - Research Department
Downloads 97 (557,284)
Citation 4

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adjustment costs, job flows, worker flows, duration models

29.

Upward Nominal Wage Rigidity

IZA Discussion Paper No. 10510
Number of pages: 33 Posted: 05 Feb 2017
Paulo Guimaraes, Fernando Martins and Pedro Portugal
University of South Carolina - Darla Moore School of Business, Bank of Portugal - Research Department and Bank of Portugal - Research Department
Downloads 93 (572,468)

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wage rigidity, worker flows, collective bargaining, newly-hired workers

30.

Boom, Slump, Sudden Stops, Recovery, and Policy Options: Portugal and the Euro

Downloads 85 (604,666)
Citation 4

Boom, Slump, Sudden Stops, Recovery, and Policy Options: Portugal and the Euro

Peterson Institute for International Economics Working Paper No. 17-8
Number of pages: 24 Posted: 27 Jul 2017
Olivier J. Blanchard and Pedro Portugal
National Bureau of Economic Research (NBER) and Bank of Portugal - Research Department
Downloads 81 (630,455)
Citation 3

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slump, boom, fiscal consolidation, non-performing loans, competitiveness, debt, sudden stop

Boom, Slump, Sudden Stops, Recovery, and Policy Options. Portugal and the Euro

CEPR Discussion Paper No. DP12118
Number of pages: 27 Posted: 04 Jul 2017
Olivier J. Blanchard and Pedro Portugal
National Bureau of Economic Research (NBER) and Bank of Portugal - Research Department
Downloads 4 (1,304,517)
Citation 1
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boom, competitiveness, current account deficit, Deflation, fiscal consolidation, inflation, markup, nonperforming loans, slump

31.

Spatial and Temporal Aggregation in the Estimation of Labor Demand Functions

IZA Discussion Paper No. 2701
Number of pages: 23 Posted: 21 Apr 2007
José Varejão and Pedro Portugal
Universidade do Porto - Faculdade de Economia (FEP) and Bank of Portugal - Research Department
Downloads 82 (617,518)

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labor demand, adjustment costs, aggregation

32.

Unemployment Benefits and Reservation Wages: Key Elasticities from a Stripped-Down Job Search Approach

IZA Discussion Paper No. 3357
Number of pages: 22 Posted: 03 Nov 2008
John T. Addison, Mário Centeno and Pedro Portugal
University of South Carolina - Moore School of Business - Department of Economics, Bank of Portugal - Research Department and Bank of Portugal - Research Department
Downloads 80 (626,164)
Citation 4

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wage offer distributions, reservation wages, arrival rate of job offers, unemployment benefits, probability of reemployment, accepted wages

33.

What Hides Behind an Umemployment Rate: Comparing Portuguese and U.S. Unemployment

NBER Working Paper No. w6636
Number of pages: 51 Posted: 20 Nov 1998 Last Revised: 21 Aug 2022
Olivier J. Blanchard and Pedro Portugal
National Bureau of Economic Research (NBER) and Bank of Portugal - Research Department
Downloads 79 (630,652)

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34.

Market Power, Dismissal Threat and Rent Sharing: The Role of Insider and Outsider Forces in Wage Bargaining

IZA Discussion Paper No. 2102
Number of pages: 24 Posted: 08 May 2006
Anabela Jesus Moreira Carneiro and Pedro Portugal
Universidade do Porto - Faculdade de Economia (FEP) and Bank of Portugal - Research Department
Downloads 68 (682,798)
Citation 2

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wages, market power, dismissal threat, rent sharing, system GMM estimator

35.

Sources of the Union Wage Gap: Results from High-Dimensional Fixed Effects Regression Models

IZA Discussion Paper No. 9221
Number of pages: 41 Posted: 04 Sep 2015
John T. Addison, Pedro Portugal and Hugo Vilares
University of South Carolina - Moore School of Business - Department of Economics, Bank of Portugal - Research Department and Bank of Portugal
Downloads 66 (693,213)
Citation 4

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union density, union wage gap, total compensation, bargained wages, wage cushion, wage supplements, worker/firm/job title fixed effects, Gelbach decomposition

36.

Decomposing the Wage Losses of Displaced Workers: The Role of the Reallocation of Workers into Firms and Job Titles

IZA Discussion Paper No. 9220
Number of pages: 41 Posted: 04 Sep 2015 Last Revised: 18 Nov 2021
Pedro S. Raposo, Pedro Portugal and Anabela Jesus Moreira Carneiro
Universidade Católica Portuguesa, Bank of Portugal - Research Department and Universidade do Porto - Faculdade de Economia (FEP)
Downloads 65 (698,480)
Citation 12

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match effects, job title, high-dimensional fixed effects, displaced, wage losses

37.

Labour Demand Research: Towards a Better Match between Better Theory and Better Data

IZA Discussion Paper No. 8125
Number of pages: 32 Posted: 26 Apr 2014
John T. Addison, Pedro Portugal and José Varejão
University of South Carolina - Moore School of Business - Department of Economics, Bank of Portugal - Research Department and Universidade do Porto - Faculdade de Economia (FEP)
Downloads 65 (698,480)
Citation 5

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labour demand, input heterogeneity, labour adjustment costs, wage and employment determination, product and labour market imperfections, multiple fixed effects, exogenous wages, establishment-level functions

38.

Catastrophic Job Destruction

IZA Discussion Paper No. 7670
Number of pages: 38 Posted: 26 Oct 2013
Anabela Jesus Moreira Carneiro, Pedro Portugal and José Varejão
Universidade do Porto - Faculdade de Economia (FEP), Bank of Portugal - Research Department and Universidade do Porto - Faculdade de Economia (FEP)
Downloads 58 (738,188)

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job destruction, credit constraints, wage rigidity, segmentation

39.

Price and Wage Formation in Portugal

ECB Working Paper No. 1225
Number of pages: 62 Posted: 20 Jul 2010
Carlos Robalo Marques, Fernando Martins and Pedro Portugal
Bank of Portugal - Economic Research Department, Bank of Portugal - Research Department and Bank of Portugal - Research Department
Downloads 57 (744,158)

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Survey data, wage and price rigidities, persistence, wage cushion

40.

Workers' Flows and Real Wage Cyclicality

IZA Discussion Paper No. 2604
Number of pages: 51 Posted: 08 Mar 2007
Anabela Jesus Moreira Carneiro and Pedro Portugal
Universidade do Porto - Faculdade de Economia (FEP) and Bank of Portugal - Research Department
Downloads 57 (744,158)
Citation 2

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wage cyclicality, hirings, separations

41.

The Reservation Wage Unemployment Duration Nexus

IZA Discussion Paper No. 5077
Number of pages: 11 Posted: 26 Jul 2010
John T. Addison, José A. F. Machado and Pedro Portugal
University of South Carolina - Moore School of Business - Department of Economics, New University of Lisbon and Bank of Portugal - Research Department
Downloads 54 (763,048)

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reservation wages, unemployment duration, control function

42.

Seriously Strengthening the Tax-Benefit Link

IZA Discussion Paper No. 8785
Number of pages: 33 Posted: 31 Jan 2015
Pedro Portugal and Pedro S. Raposo
Bank of Portugal - Research Department and Universidade Católica Portuguesa
Downloads 45 (825,462)

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pension policy reform, hours, earnings, tax-benefit link

43.

Zooming the Ins and Outs of the U.S. Unemployment with a Wavelet Lens

IZA Discussion Paper No. 11559
Number of pages: 29 Posted: 11 Jun 2018 Last Revised: 18 Nov 2021
Pedro Portugal and Antonio Rua
Bank of Portugal - Research Department and Bank of Portugal - Economic Research Department
Downloads 31 (945,537)

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worker flows, job separation rate, job finding rate, wavelets

44.

The Persistence of Wages

IZA Discussion Paper No. 14798
Number of pages: 38 Posted: 19 May 2022 Last Revised: 14 Apr 2023
Anabela Jesus Moreira Carneiro, Pedro Portugal, Pedro S. Raposo and Paulo Rodrigues
Universidade do Porto - Faculdade de Economia (FEP), Bank of Portugal - Research Department, Universidade Católica Portuguesa and Banco do Portugal
Downloads 29 (965,551)
Citation 2

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wage persistence, high-dimensional fixed effects, match effects, incidental parameter problem

45.

Disentangling the Minimum Wage Puzzle: An Analysis of Job Accessions and Separations from a Longitudinal Matched Employer-Employee Data Set

Number of pages: 38 Posted: 19 Jun 2001
Ana Rute Cardoso and Pedro Portugal
Instituto de Analisis Economico (IAE-CSIC) and Bank of Portugal - Research Department
Downloads 19 (1,077,957)
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Minimum wage, employment

46.

On the Asymmetrical Sensitivity of the Distribution of Real Wages to Business Cycle Fluctuations

IZA Discussion Paper No. 16911
Number of pages: 50 Posted: 11 Apr 2024
Rodrigo Barrela, Eduardo Costa and Pedro Portugal
Nova School of Business and Economics, Centre for Management Studies of Instituto Superior Técnico (CEGIST) and Bank of Portugal - Research Department
Downloads 17 (1,102,503)
Citation 1

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wage cyclicality, quantile regressions, match quality, collective bargaining agreements

47.

Labor Market Outliers: Lessons from Portugal and Spain

Economic Policy, Vol. 15, Issue 31, October 2000
Posted: 18 Aug 2001
Olympia Bover, Pilar Garcia-Perea and Pedro Portugal
Banco de España - Research Department, Banco de España and Bank of Portugal - Research Department

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