JESÚS GORRÍN
I am an Assistant Professor at Warwick Business School. My main research interests are Corporate Finance, Labor Economics, and Entrepreneurship.
My email is: Jesus.Gorrin@wbs.ac.uk
UPCOMING EVENTS
I will be presenting in the Sydney Banking and Financial Stability Conference (10-11 December 2025) and in the BOCA ECGI Conference (13-14 December 2025). I will also be attending the AFA Annual Meeting in San Francisco
MY LATEST RESEARCH
"Household Debt Composition and Labor Market Outcomes" with Nelson Camanho, Toni dos Santos and Bernardo Ricca
(DRAFT AVAILABLE UPON REQUEST)
How does indebtedness affect labor outcomes after job separation? Future debt repayments and limited access to consumption smoothing instruments may drive workers to accept early job offers at lower salaries -- a debt liquidity channel. Default costs may act as a disciplining mechanism that induces individuals to increase their search intensity or substitute non-pecuniary benefits for higher salaries -- a debt commitment channel. Finally, in the presence of personal limited liability and low default costs, debt payments might induce individuals to search longer to obtain a better-paid job -- a debt overhang channel. Linking a comprehensive credit registry with employer-employee data, we study how personal indebtedness at mass layoff correlates with the probability of reemployment in the formal sector, unemployment duration, and wage growth. We show that not only the level of debt but also its composition changes job search behaviour. As predicted by theory, unsecured and employment-linked debt associates with patterns consistent with household debt-overhang; while mortgages exhibit patterns