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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SCHOLARLY PAPERS

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Scholarly Papers (46)

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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 1,839 (14,285)

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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 387 (118,912)

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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
Pedro Portugal and José Varejão
Bank of Portugal - Research Department and Universidade do Porto - Faculdade de Economia (FEP)
Downloads 349 (133,555)
Citation 16

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fixed-term contracts, adjustment costs, labor demand

4.

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 315 (148,896)
Citation 58

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high dimensional fixed effects, linked employer-employee data

5.

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 292 (161,218)
Citation 1

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

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 284 (165,964)
Citation 19

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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 264 (178,715)

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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 197 (236,131)

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

9.

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 168 (271,423)
Citation 2

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

10.

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 149 (299,777)

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

11.

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 139 (316,879)
Citation 10

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high dimensional fixed effects, wage decomposition, assortative matching

12.

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 138 (318,646)
Citation 2

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unemployment benefits, unemployment duration, competing risks

13.

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 105 (388,701)
Citation 3

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monopsony, wage setting, labor market frictions

14.

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

Downloads 105 (388,701)

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 90 (433,862)

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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 15 (847,236)
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Wage distribution, wage drift, union bargaining power, employer coordination

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 101 (399,143)

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displacement, earnings losses, firm-specific human capital

16.

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 100 (401,755)
Citation 1

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

17.

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 98 (407,136)

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quantile regression, duration analysis, unemployment duration, counterfactual

18.

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 97 (409,877)

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gender wage gap, high-dimensional fixed effects, segregation

19.

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 97 (409,877)
Citation 12

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Minimum Wage, Employment

20.

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

Downloads 90 (430,096)
Citation 6

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 50 (595,792)
Citation 7

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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 40 (653,374)

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

21.

The Returns to Schooling Unveiled

IZA Discussion Paper No. 11419
Number of pages: 45 Posted: 02 Apr 2018
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 86 (442,262)

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

22.

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 81 (458,273)
Citation 4

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adjustment costs, job flows, worker flows, duration models

23.

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 76 (475,417)

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

24.

Wages and the Risk of Displacement

Downloads 75 (479,040)

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 38 (665,882)

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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 37 (672,564)

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wages, displacement risk, concessions

25.

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 69 (501,167)

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labor demand, adjustment costs, aggregation

26.

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, Olivier J. Blanchard and Pedro Portugal
National Bureau of Economic Research (NBER)Peterson Institute for International Economics and Bank of Portugal - Research Department
Downloads 69 (501,167)

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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 66 (512,968)
Citation 10

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

28.

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

Downloads 62 (529,489)
Citation 5

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, Olivier J. Blanchard and Pedro Portugal
National Bureau of Economic Research (NBER)Peterson Institute for International Economics and Bank of Portugal - Research Department
Downloads 62 (537,560)
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, Olivier J. Blanchard and Pedro Portugal
National Bureau of Economic Research (NBER)Peterson Institute for International Economics and Bank of Portugal - Research Department
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Citation 2
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boom, competitiveness, current account deficit, Deflation, fiscal consolidation, inflation, markup, nonperforming loans, slump

29.

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 60 (537,871)
Citation 4

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

30.

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 56 (555,657)

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

31.

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 56 (555,657)

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

32.

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 53 (569,783)
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

33.

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
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 52 (574,550)
Citation 1

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

34.

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 52 (574,550)
Citation 1

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adjustment costs, employment, rigidity

35.

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 50 (584,432)
Citation 1

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unemployment benefits, unemployment duration, job search

36.

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 45 (610,214)
Citation 3

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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

37.

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 43 (621,353)

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

38.

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 42 (626,906)

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reservation wages, unemployment duration, control function

39.

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 40 (638,148)
Citation 1

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wage cyclicality, hirings, separations

40.

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 37 (655,889)

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job destruction, credit constraints, wage rigidity, segmentation

41.

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 23 (752,078)

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

42.

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 17 (800,628)
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Minimum wage, employment

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
Pedro Portugal and Antonio Rua
Bank of Portugal - Research Department and Bank of Portugal - Economic Research Department
Downloads 16 (809,372)

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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: 10 Mar 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 10 (863,632)

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

45.

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

Downloads 7 (891,146)

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 5 (943,933)

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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 2 (972,779)

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

46.

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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