Alaitz Ayarza

Alaitz Ayarza

University of the Basque Country (UPV/EHU)

Welcome!

I am an applied microeconomist, Assistant Professor of Economics at the Department of Economic Analysis of the University of the Basque Country (UPV/EHU) in Bilbao, Spain.

I got my PhD in Economics at the European University Institute (Florence, Italy) in 2023 under the supervision of Sule Alan and Michèle Belot.

You can download my CV here. You can contact me at: alaitz.ayarza@ehu.eus

Ongoing Research

Determinants of Migration Choices: The Role of Beliefs about Career and Non-Career Outcomes

Using original survey data on subjective expectations, I study how highly educated young adults from lagging regions evaluate no migration, short-term migration, and long-term migration. First, I show that individuals anticipate sharp trade-offs: long-term migration delivers the highest career gains but large non-career losses, while no migration offers strong non-career advantages but weak career prospects. I then embed these expectations in a life-cycle utility model and perform counterfactual exercises. Results show that differences in expected non-career outcomes have larger effects on intended migration paths. Expected career improvements in the home region upon return are not perceived to be large enough to meaningfully influence the choice of short-term migration. Finally, I use the estimated preferences to assess policies that encourage short-term migration by guaranteeing better career prospects after return. These policies have stronger effects on those planning long-term migration than on those planning no migration. Matching these effects with cash transfers requires large payments and produces lower welfare among switchers. A follow-up survey four years later validates the expectations data by showing that expectations strongly predict realized migration choices and outcomes.

Presented at: SOLE (Philadelphia, May 2023), BSE Summer Forum (Barcelona, June 2023), Workshop on Subjective Expectations (Bocconi-Milan, June 2023), Workshop on Migration and Family Economics (IESEG-Paris, June 2023), EEA-ESEM (Barcelona, August 2023), EALE (Prague, September 2023), WB-IDB HUMANS Seminar (Washington, March 2024), CUNEF Universidad (Madrid, April 2024), Jornadas de Economía Laboral (Barcelona, July 2024), CERGE-EI (Prague, December 2024)

Teaching

Labor Economics
     - UPV/EHU, Main Instructor MSc , 2024-25

Dynamic Macroeconomics
     - UPV/EHU, Main Instructor BSc , 2024-25

Intermediate Macroeconomics
     - UPV/EHU, Main Instructor BSc , 2024-25

Topics in Microeconometrics
     - EUI PhD Advanced Course, TA to Thomas Crossley (EUI) , Spring 2021

Panel Data for Banking Sector Analysts
     - EUI-FBF Course, TA to Jeffrey Wooldridge (MSU) , Spring 2021 and Fall 2021