M.J. Luengo-Prado. Research

Recent Work

House Price Growth when Kids are Teenagers: A Path to Higher Intergenerational Achievement? (with Daniel Cooper).
Last updated: September, 2011
Time to Cook: Expenditure at Retirement in Spain (with Almudena Sevilla-Sanz). IMDEA Working Paper 2010-18 .
Last updated: November, 2011
The Effect of Education on Risky Equity Holdings (with Dmytro Hryshko and Bent Sorensen). CEPR Discussion Paper 7999.
Last updated: September, 2011
The user cost, home ownership and housing prices: Theory and evidence from the US (with Antonia Díaz). The International Encyclopedia of Housing and Home, Smith, S.J.; Elsinga, M.; Fox-O'Mahony, L.; Ong, S.E.; Wachter, S. (editors), Elsevier (in press).
Last updated: November, 2011
Homeownership: Economic Benefits (with Antonia Díaz). The International Encyclopedia of Housing and Home, Smith, S.J.; Elsinga, M.; Fox-O'Mahony, L.; Ong, S.E.; Wachter, S. (editors), Elsevier (in press).
Last updated: August, 2010
A Penny Saved is Mobility Earned: Advancing Economic Mobility Through Savings (by Reid Cramer, Rourke O'Brien, Daniel Cooper and Maria Luengo-Prado). A report for PEW's Economic Mobility Project.
Last updated: November, 2009

Publications in Refereed Journals

Childhood Determinants of Risk Aversion: The Long Shadow of Compulsory Education (with Dmytro Hryshko and Bent Sorensen), Quantitative Economics 2:1 (2011), 37-72.
Featured in Investment News: "Elders' education level found to be a factor in risk aversion"
House Prices and Risk Sharing (with Dmytro Hryshko and Bent Sorensen), Journal of Monetary Economics 57:8 (2010), 975-987. Appendices
The Wealth Distribution with Durable Goods (with Antonia Díaz), International Economic Review 51:1 (2010), 143-170.
On the User Cost and Homeownership (with Antonia Díaz), Review of Economic Dynamics 11:3 (2008), 584-613.
What Can Explain Excess Smoothness and Sensitivity of State-Level Consumption? (with Bent Sorensen), Review of Economics and Statistics 90:1 (2008), 65-80.
Durables, Nondurables, Down Payments and Consumption Excesses,
Journal of Monetary Economics, 53:1 (2006), 1509-1539.
Consumption and Aggregate Constraints: International Evidence (with Joseph DeJuan), Oxford Bulletin of Economics and Statistics, 68:1 (2006), 81-99.
The Impact of Passenger Mix on Reported `Hub Premiums' in the U.S. Airline Industry (with Darin Lee), Southern Economic Journal, 72:2 (2005), 372-394.
Quality Competition in the U.S. Airline Industry: Are Passengers Willing to Pay More for Additional Legroom? (with Darin Lee), Journal of Air Transport Management, 10:6 (2004), 377-383.
Public Education, Communities and Vouchers, (with Oscar Volij), Quarterly Review of Economics and Finance, 43:1 (2003), 51-73.